My morning reading material:

• Bernanke Takes On Krugman’s Criticism Ignoring Own Advice (Bloomberg) see also Lonesome Dove (Economist)
• Cyclical $Bull in a Secular Bear (Stock Trader’s Almanac)
• Can Silicon Valley fix the mortgage market? (Reuters)
• What Was the Very First Hedge Fund? Ask Warren Buffett (Bloomberg)
• Banks are on a eurozone knife-edge (FT.com) see also Double-Dip Recession in Britain (NYT)
• Obama’s Oil Blindness (Slate)
The Boys Who Cried Fox: Why some conservatives are bashing Fox News about BIAS (NYT)
• What Your Klout Score Really Means (Wired)
• What if Facebook isn’t so special after all? (Gigaom)
• Jethro Tull gets thicker on “Brick 2″ (Yahoo News)

WhatTF are you reading ?

>

Manufacturers Regain Swagger With Rosy Earnings 

Source: WSJ

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.

18 Responses to “10 Thursday AM Reads”

  1. Moe says:

    WhatTF are you reading ?

    LOL

  2. Raleighwood says:

    http://www.economicpolicyjournal.com/2012/04/my-speech-delivered-at-new-york-federal.html

    My apologies if I don’t get back to you right away, if you recently sent an email. It may take some time, I am really getting deluged since I posted my Fed speech.

    To the many of you that are asking me to recap the reaction at the Fed, I will do so in a post later today. A lot went on, some of it surprising to me, some of it I think very important as to directions for those who would like to see less government overall.

  3. NoKidding says:

    Beating earnings estimates! Shocker.

  4. EDF says:

    Should we worry about data that shows firms beating estimates so consistently? Seems quite unusual. Could it be that estimates are ‘managed’?

  5. RW says:

    Austan Goolsbee Did Hubbard Really Mean to Raise That? (ht Jared Bernstein)
    Short version: The argument that Obama is initiating a ‘secret tax’ on the middle class is misleading and false. Considering the source the distinct possibility exists that the argument is designed to create a false equivalence and shield Romney’s tax plans from criticism because href=”http://www.boston.com/Boston/politicalintelligence/2012/01/mitt-romney-tax-plan-would-cut-taxes-rich-raise-taxes-poor-analysis-suggests/DmnS3sH8qytII3rXCuqK9J/index.html”>Romney’s tax plan really does increase tax burden on the poor to cut taxes further for the rich.

    Gonna be a lot of agnotology, agitprop and attempts to bamboozle out there this election season: Everyone needs to stay on their toes and check arguments carefully while doing their best to check their own biases at the door. It’s going to be a bumpy ride.

  6. thomas hudson says:

    http://www.earth.columbia.edu/articles/view/2967

    City streets can be mean, but somewhere near Brooklyn, a tree grows far better than its country cousins, due to chronically elevated city heat levels, says a new study. The study, just published in the journal Tree Physiology, shows that common native red oak seedlings grow as much as eight times faster in New York’s Central Park than in more rural, cooler settings in the Hudson Valley and Catskill Mountains. Red oaks and their close relatives dominate areas ranging from northern Virginia to southern New England, so the study may have implications for changing climate and forest composition over a wide region.

    http://www.rollingstone.com/politics/news/ready-for-the-fight-rolling-stone-interview-with-barack-obama-20120425?print=true
    the big guy gets interviewed in the new rolling stone

  7. carleric says:

    I find myself laughing at t hose who worry that earnings estimates are manaed…earnings beat estimed about 75% of time for a very good reason..l…estimates are managed….here is how the process works…Major brokerages assign their junio associates to analysis to prevent intelligent, experienced analysis….once numbers are determined by this so-called analysis, they are reduced to ensure that most companies will beat the estimates thus creating interest, enthusism and demand for equities to ensure the brokerage can sell you something. Anybody who hasn’t fgured this out needs to find some other hobby. The fact that financial news reporters can’t or don’t figure this out is a sad commentary on their importance to investing.

  8. I was reading/writing about

    My 3 Favorite Mutual Fund Managers for Navigating the Market Going Forward
    http://www.wallstreetrant.com/2012/04/my-3-favorite-mutual-fund-managers-for.html

  9. Arequipa01 says:

    Question- what do Mick Jagger, Bono and Gene Simmons have in common?

    Stumped? Well, it ain’t el huayno…only Shlomo’s cutting da rug:

    http://www.larepublica.pe/26-04-2012/gene-simmons-bailo-popular-huayno-de-al-fondo-hay-sitio

  10. Arequipa01 says:

    So Cringley sez IBM’s going to amputate its US workforce

    http://www.cringely.com/2012/04/not-your-fathers-IBM/

    and also:

    “IBM’s biggest money maker is its Global Services business, which also employs the most people. Ten years ago Global Services was an even larger part of IBM but the company is now making a lot less on its contracts, and the turnover of business is brisk. It is in Global Services where you see the most jobs being shipped offshore But the problem is the offshore teams often lack the skill and experience to do the work, problems mount, customers like (most recently) The Walt Disney Company get upset and leave”

    And then I read:

    http://www.andina.com.pe/Espanol/noticia-ibm-evalua-instalar-trujillo-su-sede-central-para-latinoamerica-409753.aspx

    I recommend finding Trujillo on a map, and buying up as much land as you can before whoever is running money for the rockstars does it (BTW why are the British so desperate to cut financial deals with Llamaland?)

    Y colorín colorado, este cuento se ha acabado

  11. Arequipa01 says:

    Moderation? Pero por qué? No seas malito…

    Oh, by the by, US tough guys not only stiff sex workers, they toss them out of moving cars:

    http://www.dailymail.co.uk/news/article-2134838/Brazilian-prostitute-collar-bone-broken-US-marines-threw-moving-Embassy-car.html

    At least poor old Leon Panetta didn’t have to explain to reporters in Brasilia why the US military serves Moloch, like he did a month ago in Kabul.

  12. Jojo says:

    Zuckerbergonomics
    Are you really worth $100 to Facebook? Is Facebook worth $100 to you?

    By Will Oremus|Posted Thursday, April 26, 2012, at 12:36 PM ET

    http://www.slate.com/articles/technology/technology/2012/04/facebook_ipo_how_much_money_does_the_social_network_make_off_each_user_.html

  13. mathman says:

    It’s ‘funny’ that withholding tax revenues are up when jobless claims are on the rise again:

    http://news.yahoo.com/jobless-claims-ease-four-week-average-rises-123954308–business.html
    Jobless claims suggest stumbling labor recovery
    ” The number of Americans lining up for new jobless benefits fell slightly last week but remained above levels posted earlier this year, suggesting improvement in the labor market is stalling.

    Initial claims for state unemployment benefits dropped by 1,000 to 388,000, the Labor Department said on Thursday.

    “This was a disappointing number and offers more evidence that the labor market continues to lose traction,” said Joe Manimbo, an analyst at Western Union Business Solutions in Washington.

    Economists polled by Reuters had expected new claims to fall to 375,000.”

  14. silverfox8028 says:

    Is there anywhere I can get the number and percentage of companies that beat “LAST QUARTER’S EARNINGS?”
    I’m not interested in companies beating Wall Street estimates.