Afternoon Train Reading:

Crestmont: Stocks ‘Fairly’ Valued, But ‘No Doubt’ Secular Bear Market Intact (WSJ) see also Bears not rampant (Market Watch)
• Jobs News Could Be So Good That It’s Bad (WSJ)
• Is There a Fiscal Crisis in the United States? (Economix) see also Next Great Depression? MIT researchers predict ‘global economic collapse’ by 2030 (Yahoo News)
• Seattle Signals Glut Risk as Apartment Construction Rises (Bloomberg)
• Inside Amazon’s Idea Machine: How Bezos Decodes The Customer (Forbes) see also How Facebook Finds The Best Design Talent, And Keeps Them Happy (Fast Co.Design)
• Why “Don’t Be Evil” Is Evil, and Why Google Isn’t So Bad (Pando Daily)
• Why QE is being mis-sold (Alphaville) see also Why the Fed Will Intervene If Stocks Fall Too Far (CNBC)
All Things Digital iPhone two-fer:
…..-iPhone Outselling All Other Smartphones Combined at Sprint and AT&T (All Things D)
…..-Best Buy Is Selling Nearly as Many iPhones as Apple Itself (All Things D)
This is rather amusing: A Quantum Theory of Mitt Romney (NYT) see also Why Republicans and Democrats Can’t Feel Each Other’s Pain (Time)
• Gods as Topological Invariants (Arxiv)

What are you reading?

German Pay Raise: Tonic or Inflationary?

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.

13 Responses to “10 Thursday PM Reads”

  1. Moe says:

    Bankers Form SuperPac for ‘Surgical’ Strike at Industry’s Enemies

    “But we’ve got no big stick. And we should. We have the capacity to have one, we just aren’t organized.”–Friends-of-Traditional-Banking-1048138-1.html?zkPrintable=1&nopagination=1

  2. Molesworth says:

    Athens protest after 77 year old commits suicide over austerity.
    Is that how the Arab Spring began? Suicide over frustration with the regime and then…,1518,825957,00.html

  3. Mike in Nola says:

    Something for the fanbois describing a Mac botnet. I saw a reference to it a few days ago and passed it on to snoooty friends, but it’s apparently widespread enough to make it to the bbc.

  4. Mike in Nola says:

    Oh, you forgot to mention the other Canaccord report that Samsung is still outselling Apple in Smartphones this quarter by about 40M to 32M.

  5. Mike in Nola says:

    The Bloomberg apartment story is easy to confirm here in Houston. Stories about rising rents continue, but when you drive around you see all these new complexes going up and wonder who is going to fill them. Still plenty of houses for rent.

    And who will fill these complexes when the oil bubble bursts and there are cutbacks at the oil companies like in 2008?

  6. swag says:

    Faith No More
    Professor Peter Boghossian on Why You Should Kick Your Faith to the Curb


    MERCURY: You often speak out against faith, calling it a delusion and a cognitive sickness. How come?

    PETER BOGHOSSIAN: Because enough is enough. A lot of people are sick and tired of being held hostage to the delusions of others, and I’m one of those people. I think that people are hungry for a frank, honest discussion about things—particularly about faith. To profess things you don’t know for certain, and then claim the reason for your justification is faith? That doesn’t contribute to the conversation. That’s the end of the conversation.

  7. Sechel says:

    JPMorgan Chase is in talks with the authorities to turn over customer money that disappeared from MF Global….
    Not such a surprise considering the previous story about JP Morgan and the Lehman collapse

  8. slowkarma says:

    I’m reading about how the famous photographer William Eggleston recently sold some uber-expensive prints of his early work for very large sums of money..and it turns out that these are new prints of photos previously sold as “limited editions.” He and everybody involved are being sued by one of his biggest collectors, who said that his “limited edition” prints have been devalued. This isn’t big money by Wall Street standards, but suggests that if you plan to make the big bucks by buying contemporary art and selling it later, you should choose very carefully…

  9. SOP says:

    Re. – Next Great Depression? MIT researchers predict ‘global economic collapse’ by 2030

    2004 Interview: Dennis Meadows one of the the Club of Rome and author of ““Limits to Growth”

    12:24 into the interview:

    Question ~ For Population Overshoot/Collapse, how much of this is a monetary/financial issue – can the financial system change, does it need to change?

    “Over the short-term I think the monetary system is quite important, particularly if it works in a way that diverts investments away from solving problems over into the things that really cause the problems. A monetary system that diverts investment into… huge cars and a giant military obviously makes it harder… but over the long-term the money system has little to do with it.

    It is the underlying physical realities of resource depletion, pollution and the loss of clean water, soil erosion, declining fisheries, etc that are driving us towards collapse. The monetary system is irrelevant over the longer term…

    In our global model we actually omitted money… in long-term models it doesn’t matter, in short-term, 2-3 year ranges, money has an effect so it is included.”

  10. James Cameron says:

    Investors with a 10-year horizon aren’t daunted by the surge of apartment construction, said brokers including Young of Jones Lang LaSalle. Even if Seattle endures a few years of slowing rent growth, the local economy is set to expand with the construction of a regional light-rail network and the proposed redevelopment of the city’s waterfront.

    “We will be supply-constrained towards the end of the decade,” Young said.

    I wonder. In 2007 you could have found the same optimistic projections for a bevy of projects in Seattle, all of which eventually came to a complete standstill, leaving the city dotted with empty lots and big holes in the ground. That includes this one: where work will begin soon on . . . . apartment development.

  11. Greg0658 says:

    SOP lol at “huge cars and a giant military”

    “Under the Jobs and Growth Act of 2003, Congress raised the deduction ceiling for these heavy-class vehicles from $25,000 to $100,000, bumped the “bonus deduction” from 30 percent to 50 percent, and left in place the accelerated five-year depreciation schedule.”

    and Deep Water Horizon have nothing in common .. lol

    ps – Charlie Rose was interesting tonight > this FMCitBPtP (that we know of) I guess its the Best :-| for big boys and their toys

  12. AR says:

    I’m reading:

    Beyond GDP: New Measures For A New Economy

  13. SOP says:

    Greg – Right on.

    Industrial world = “The Greatest Malinvestment in the History of Humanity”

    In a near-by city they are doing a huge re-build of the highways that circle the city. Every time I pass these “shovel-ready projects” I think of the Stone Heads of Easter Island…

    On the other hand, these cities might provides jobs for our children and grandchildren – their growth industry will be strip-mining the carcass of the dead industrial world.