My train reading for this afternoon

• iPad Onslaught Sends Taiwanese Laptop Makers to the Cloud (Bloomberg)
• Cost of Spain’s Housing Bust Could Force a Bailout (NYT)
• Are You a Right Brain or Left Brain Investor? (Forbes)
• Dreaded IPO-crash signal flashes bear warnings (Market Watch)
• Android Is Suddenly In A Lot Of Trouble (Business Insider) see also Microsoft’s Mobile Comeback Is Looking Terrible (Read Write Web)
• IT’S OFFICIAL: Keynes Was Right (Yahoo Finance)
Sallie Krawcheck: Don’t blame me (Market Watch)
• 10 Things Open Houses Won’t Tell You (SmartMoney) see also Three hidden costs of the foreclosure crisis (Market Watch)
• Kicking the can down the road: No End in Sight (New Yorker) see also Neither Real, nor Business, nor Cycles (Noahpinion Blog)
• The elephant on the court (Economist)

What Are you Reading?
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Tide Turns on Border Crossing

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.

14 Responses to “10 Tuesday PM Reads”

  1. thomas hudson says:

    new research paper just released claims that much of the productivity of life on earth is tied to our solar system moving through the remnants of supernovaes:

    http://www.ras.org.uk/news-and-press/219-news-2012/2117-did-exploding-stars-help-life-on-earth-to-thrive

    Whenever the Sun and its planets have visited regions of enhanced star formation in the Milky Way Galaxy, where exploding stars are most common, life has prospered. Prof. Svensmark remarks in the paper, “The biosphere seems to contain a reflection of the sky, in that the evolution of life mirrors the evolution of the Galaxy.”

    makes me think of this guy:

    The nitrogen in our DNA, the calcium in our teeth, the iron in our blood, the carbon in our apple pies were made in the interiors of collapsing stars. We are made of starstuff. – Carl Sagan

  2. biscuits says:

    James Suroweicki’s New Yorker article is misinformed, imo. He says:

    “unemployment is mainly the result of what economists call cyclical factors: during the recession, demand plummeted, and during the recovery consumer spending, government stimulus, and exports haven’t been sufficient to make up the difference.”

    Arguably, we are in a balance sheet recession, much different from a cyclical one. Surowecki calls for more aggressive monetary policy as one solution. Bernanke’s efforts have had little effect on unemployment, but we should just trust that will turn around with even more QE? Will ZIRP forever stop consumer deleveraging?

  3. Jojo says:

    Why Jon Huntsman is leaving the GOP (not because they’re Communists)
    Yahoo! News – April 24, 2012

    http://news.yahoo.com/why-jon-huntsman-is-leaving-the-gop–not-because-they%E2%80%99re-communists-.html

  4. techy says:

    I am scratching my head on AAPL price action in the last 10 days. I was speculating that it was based on leaked insider information.
    But looking at the earnings they dont seem that bad of course it is not a whopper to match the expectations, which means the down days were not based on selling based on real information but just guesswork(analysis)?
    Or was it just some bold shorts taking risk or was it retail investors getting scared and $hitting all over??
    Or maybe all of the above?
    anybody has better clue?

  5. techy says:

    1) stimulus –>(2)better employment picture –>(3)better spending –>(4)better economic activity –back to (2)
    due to the financial crisis there was a sudden drop in demand and private consumption, which should be averaged with help of higher govt consumption to fill the gap.

    Of course during surplus the govt needs to cut back which will never happen particularly if we have a republican administration ala GWB (this is just a cheap shot, sorry could not resist:)

  6. Joe Friday says:

    FROM: “Android Is Suddenly In A Lot Of Trouble (Business Insider)

    In other words, on the three biggest carriers in the U.S., the iPhone is outselling Android

    And if you stand on your head and rub your tummy…

  7. jonhendry says:

    “I am scratching my head on AAPL price action in the last 10 days. ”

    My theory is that at first people were selling (either shares of AAPL, or fund shares) in order to get money to pay taxes. Then that turned into people talking about AAPL as if it were a popped bubble, which led other people to sell.

  8. biscuits says:

    There is also the possibility that too much stimulus leads to inflation in everything except wages, which would create even more problems. Models are unreliable.

    “1) stimulus –>(2)better employment picture –>(3)better spending –>(4)better economic activity –back to (2)
    due to the financial crisis there was a sudden drop in demand and private consumption, which should be averaged with help of higher govt consumption to fill the gap.”

  9. techy says:

    I thought the high inflation theory has been refuted this cycle and by japan’s decade of deflation?

    I am not an economist, but I am in the camp…no demand no inflation. yes there will be inflation due to supply constraints and speculative money looking for yield…but they are not driven by high demand in USA.

  10. Mike in Nola says:

    Google’s Google Drive Terms of Service clones what dropbox published last year and had to withdraw an apologize for. Sorry for the bad sentence structute; it’s late.

    http://www.zdnet.com/blog/bott/google-clones-dropbox-lock-stock-and-privacy-gaffe/4870?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zdnet%2FBott+%28ZDNet+Ed+Bott%27s+Microsoft+Report%29

  11. biscuits says:

    Wolf Richter explained last September why, other than bubbles popping, conditions that led to Japanese deflation don’t exist in the US:
    “The massive U.S. trade deficit is proof that protectionism à la Japanese hasn’t occurred in the U.S. (well, there are bizarre exceptions, like sugar). Price pressures from overseas have become even stronger during the process of globalization. Supply chains are highly efficient and integrated worldwide. In the US, that bottle of Chianti cannot drop from $53 to $8 because it already costs $8. Plus, China and other developing nations have begun to ship their red-hot inflation to the U.S.”

    http://www.testosteronepit.com/home/2011/9/30/deflation-in-japan-and-its-chances-in-the-us.html

    “I thought the high inflation theory has been refuted this cycle and by japan’s decade of deflation?”

  12. Theravadin says:

    The Business Insider article seems to have gotten Android and Google confused. “Forking”: different players developing different versions of Android, may not be great for Google (debatable what Google’s strategy is), but its GREAT for Android. It way increases the odds of a killer version arising. Basic evolutionary theory. What do they teach in schools these days?

  13. rktbrkr says:

    we don’t need no stinking durable goods

    Orders for equipment, appliances, aircraft and other so-called durable goods fell 4.2 percent in March from February, the Census Bureau reports.

    It’s the second decline in the past three months and the biggest monthly dip in three years.