Some reads to start your week:

• Surprise Increase in Interest Rates Is Credited to Signs of Recovery (NYT)
Cuban: Dont Follow Your Passion, Follow Your Effort (Blog Maverick)
• Evaluating ECRI’s Recession Call (Financial Sense) see also ECRI Explains Why Recession Is “Inevitable” (Financial Sense)
• Housing Bulls Aren’t So Far Out on a Limb (WSJ)
• Why banks will continue to rip off clients (Reuters) see also The Good, Bad and Ugly of Capitalism (NYT)
• Capital Gains vs. Ordinary Income (Economix)
• U.S. Made Profit on Mortgage Debt (WSJ) Excepting all the losses, it was a home run trade!
• Replay: what could Obama have done differently economically? (New Yorker)
• Spring Break Gets Tamer as World Watches Online (NYT)
• Da Vinci’s Heavenly Body (The American Scholar)

What are you reading?

Apple’s Dominance Is a Risk

Source: Doug Kass

what could Obama have done differently

Category: Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

11 Responses to “10 Monday AM Reads”

  1. mathman says:

    This might not mean much to you youngsters out there:

    “Fidel Castro had advance knowledge that President John F Kennedy was about to be killed, according to an explosive new book about the 1963 assassination soon to be published by a retired CIA agent.”

    and here i thought it was an “inside job,” much like 9-11, conducted by the CIA/NSA/or some other rogue “intelligence” agency funded by taxpayer dollars.

  2. Arequipa01 says:

    O&G companies’ right to pollute the environment trumps free speech. “Well, I’m proud to be an Umerikuhn, where at least I know I’m free…(to drink benzene rings)”

    “The law, an amendment to Title 52 (Oil and Gas) of the Pennsylvania Consolidated Statutes, requires that companies provide to a state-maintained registry the names of chemicals and gases used in fracking. Physicians and others who work with citizen health issues may request specific information, but the company doesn’t have to provide that information if it claims it is a trade secret or proprietary information, nor does it have to reveal how the chemicals and gases used in fracking interact with natural compounds. If a company does release information about what is used, health care professionals are bound by a non-disclosure agreement that not only forbids them from warning the community of water and air pollution that may be caused by fracking, but which also forbids them from telling their own patients what the physician believes may have led to their health problems. A strict interpretation of the law would also forbid general practitioners and family practice physicians who sign the non-disclosure agreement and learn the contents of the “trade secrets” from notifying a specialist about the chemicals or compounds, thus delaying medical treatment.

    The clauses are buried on pages 98 and 99 of the 174-page bill, which was initiated and passed by the Republican-controlled General Assembly and signed into law in February by Republican Gov. Tom Corbett.

    “I have never seen anything like this in my 37 years of practice,” says Dr. Helen Podgainy, a pediatrician from Coraopolis, Pa. She says it’s common for physicians, epidemiologists, and others in the health care field to discuss and consult with each other about the possible problems that can affect various populations. Her first priority, she says, “is to diagnose and treat, and to be proactive in preventing harm to others.” The new law, she says, not only “hinders preventative measures for our patients, it slows the treatment process by gagging free discussion.”

    And Remember Vote for the candidate of your choice this November. U-S-A!

  3. river says:

    Thought this was an interesting (at least it was confirming my biases about Bernanke) counter to the Lowenstein piece linked here last week.

  4. FrankGiovinazzi says:

    How I Found Freedom in an Unfree World, by Harry Browne, now available on Kindle after being out of print. One of the few “free-thinking” books that leaves you feeling good instead of pissed off after you read it.

  5. DeDude says:

    Calculated risk has some very interesting facts about job creation after the small recession that Bush II took over from Clinton and after the huge recession that Obama took over from Bush II.

    Turns out that Obama turned private sector jobs around much faster and better than Bush II and that the main reason for our current much worse employment picture is that we have failed to overbuild public employment to the same extend that Bush II did.

  6. VennData says:

    ‘…It doesn’t take a rocket scientist to figure out rates wouldn’t stay in this range,” he said

    How about a Creationist, Supply-Side-tax-cuts-pay-for-themselves, climate-change denier, gold fondler? Could one of them figure that out?

  7. ZedLoch says:

    Regarding the AAPL chart, it’d be interesting to pair it with news quotes from GOOG at the time of its peak and subsequent dip.

  8. Orange14 says:

    @DeDude – yeah I saw that but until Fox News says it is true, the vast unwashed RWs out there in NeverNeverLand won’t believe it (RW = Right Wingers). All too sad really that folks don’t want to look at actual data.

  9. rd says:

    Re: surprise interest rate increase

    Please keep in mind that the 10-yr T-bond yield is still 1% lower than this time last year and nearly 2% lower than 2 years ago.

    Aren’t interest rates supposed to increase with improving economic conditions? I don’t think anybody can claim that we are in “normal” markets until the 10-yr is north of 3% and closer to 4% with CPI running around 3%. I can’t imagine it staying at less than 3% without active QE by The Bernank. Would the S&P 500 with CAPE >> 20 and dividend yields of 2% survive a 4% T-bond unless revenues and profit margins keep increasing at a health clip?

  10. DeDude says:


    It’s actually worse. When people are presented with government data that support their opinions (e.g., unemployment is high) they will quickly use it as an argument. When they are shown government data that doesn’t support their opinion (e.g., unemployment is improving) they will claim that government makes these numbers up. The obvious problem with that kind of logic does not appear to ring a bell with them.