My afternoon train reading:

• Leading indicators of a market top (Market Watch) see also How This Year’s Rally Is Different From Last Year’s (MarketBeat)
• A conference on the economic lessons from the financial crisis (Russell Sage)
• Bianco: 5 money moves a Fed follower is making now (Market Watch)
• Why the Wealthy Are Worried About the Economy (WSJ) see also Key Reason for Wage Inequality Is Education (WSJ)
• Why is the U.S. wealthier than Europe? Give credit to its cities. (Washington Post)
• The Future Retail Wasteland (Businessweek) see also The Real Reasons Why You Buy (NYT)
• The Republican primary, as told by Wikipedia edits (Yahoo News)
• Obama’s mortgage unit is AWOL (NY Daily News)
• Introducing the Innovator’s Patent Agreement (Twitter Blog)
• 3 key lessons from Facebook & Zynga’s shopping spree (Gigaom)

What are you reading?


Digital shopkeepers

Source: The Economist

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.

8 Responses to “10 Mid-Week PM Reads”


    You Walk Wrong
    It took 4 million years of evolution to perfect the human foot. But we’re wrecking it with every step we take. …

  2. Russia may export record wheat, corn, legumes in 2011-2012
    Total exports expected to hit 26 million metric tons
    Release Date: Wednesday, April 18, 2012

    Russia may set a record for wheat, corn and legume exports in the 2011–2012 marketing year ending June 30, according to the Institute for Agricultural Markets.

    The previous record for wheat shipments was 18.1 million metric tons, set in 2009–2010, but projections expect the current year to see 20 million metric tons of wheat leave the country. Corn exports have reached 1.2 million metric tons in the current season, only 100,000 metric tons short of the previous record, set in 2008–2009. Exports of legumes reached an all-time high of 600,000 metric tons, according to the institute. Total exports for 2011–2012 are expected to reach 26 million metric tons.

    Carryover-stocks of wheat may reach as much as 11.5 million metric tons by the time the new season starts on July 1, which may allow Russia to export 17 million to 18 million metric tons next season, provided weather conditions let farmers reap a similar crop to the 2011–2012 harvest. Total grains exports in 2012–2013 are seen at between 21 million and 22 million metric tons, according to the institute.

  3. jaymaster says:

    Wow, my view of Bianco dimmed after reading that interview.

    Anyway, here’s an interesting look into the peculiarities of mortgage corruption, Spanish style.

  4. machinehead says:

    Jim Bianco’s advice is mostly solid, but I would question his tilt toward emerging markets.

    Check out the chart of EEM (iShares MSCI Emerging Markets Index Fund). From late 2007 to early 2009, EEM fell from 55 to 20 — a worse drop than the S&P.

    Emerging markets are basically a higher-beta version of the S&P. To paraphrase Jim:

    “If I’m worried about the stock market,” Bianco said, “I’m also worried about the emerging markets.”

  5. jaymaster says:

    Mark E Hoffer:

    I believe it. I have some friends in the seed and fertilizer industry, and they’ve been spending a lot of time in the former Soviet bloc.

    Based on their soil types, they are producing about 20% the yield we produce over here.

    And keep your eye on the Ukraine. Their soil and rainfall/sun ratio is apparently better than the US “bread basket”, but they’re currently producing at less than 10% of US levels.

    Great news for the starving! (Do they even exist anymore?).

  6. farmera1 says:

    Here come the robots. Interesting (if true). This is a generally reputable blog. In this article the author states that he couldn’t independently verify the info. Still interesting.

    Global Robot Population

  7. jaymaster,

    nice Points. The ‘neo-Malthusians’, among us, are, yet, more of those that spread, that which, at the EOD, are, readily provable*, Lies..

    ‘readily provable’– If, We can ‘step outside’ of “The Filter Bubble”..~