My morning reading material:

Explaining the JPM trade that blew up: Whale-Watching Tour: Too Big To Hedge ( see also The unconventional hedge, redux (
• The Case for Global Accounting (NYT)
Gas prices: Down and headed lower (CNN Money)
• Goldman Hoards Italy’s Debt (WSJ)
• Twitter Rent Surge Makes San Francisco Best Office Market (Bloomberg)
• Attain presents Why Alternatives?: Global Debt Panel at CFA (Attain Capital Management)
Bartlett: How the Rich Make Us All Better Off (The Fiscal Times)
• The Washington Post Co.’s Self-Destructive Course (Columbia Journalism Review)
• Leaked DHS memo: Pornoscanners don’t work (BoingBoing)
• Gay marriage, Obama and the fierce urgency of now: Why did he do it this week? (Yahoo News)

What are you reading?


Polarised prospects

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.

16 Responses to “10 Friday AM Reads”

  1. SOP says:

    US science group says it’s time to start burying plutonium

    “a team of scientists from the United States has published a commentary piece in the science journal Nature, declaring that the time has come for ceasing discussions about what to do with plutonium waste and to simply find suitable places for it and bury it.”


    current Spent Nuclear Fuel Storage in USA (PDF)

    See Fig. 5

    Freddie Mercury said, “Any way the wind blows …”

    pick a day -

  2. MorticiaA says:

    B.R.: Nice shout out to you in the Attain Cap Mgt link!

  3. whydtinigo says:

    What am I reading? Have a look at an eclectic bunch of stuff at

  4. biscuits says:

    Regarding the rich as necessary early adopters in the consumer technology chain. Could we not instead subsidize promising technology instead of relying on aristocracic crumbs? Isn’t that how we got the internet?

  5. I’m reading “How Wall Street Killed Financial Reform” and getting more outraged by the minute.

  6. willid3 says:

    and even more on JPM

    and on the rich? while we do see some upsides (new products that at first only they bought, like cell phones, but also cars. but then they have been buying aircraft for a very long time now. but i still don’t see a lot of non rich buying them).
    we also get a lot of down side too. a vast majority of the economic debacles came from them and their shenanigans.
    one thing we dont get is jobs. they may be early adopters, but just like airplanes and yachts, there aren’t a lot of them.

    almost invariably jobs only come when regular consumers start buying. not before. and steady jobs also require them to be buying regularly. otherwise the jobs stop as soon as they stop buying

  7. willid3 says:

    health care. again
    depending on what happens at supreme court, and the election will impact how employers addresses health care. if the court rules against the mandate, then you can expect the employers to abandon offering it since they can’t control its costs, but even if the court upholds it, they might stop offering it, because they feel less pressure to do so. but then thats been the trend long before ACA was passed. depending how how the election goes this year, it might also impact their choices on health care too. if the GOP gets control and repeals it. employers will then have to make even more choices. most likely they will kill the benefit all together.
    so it seems no matter what happens, employers are getting out of the health care business.
    which has the been the trend any way.
    not sure that the idea that employers will increase wages after they stop is at best hopeful thinking. not likely to happen

  8. Chemicals in household items are ‘causing huge increase in cancer, obesity and falling fertility’

    Among the everyday items containing endocrine disrupting chemicals are food, cosmetics and drugs

    By Graham Smith

    PUBLISHED: 08:17 EST, 11 May 2012 |

    Chemicals found in household products may be causing significant increases in cancers, diabetes, obesity and falling fertility, the European Environment Agency has warned.

    Among the everyday items containing endocrine disrupting chemicals (EDCs), which affect the hormone system, are food, cosmetics and pharmaceuticals….”

  9. EdDunkle says:

    I’m reading volume four of “The Years of Lyndon Johnson” by Robert Caro. I wish Obama would read it and understand that being aloof from Congress is not the way to get legislation passed or nominations confirmed.

  10. willid3 says:

    seems like our government can’t govern. and are leading us to a cliff next year.

    but nobody has heard of that word compromise.

    so all attempts to resolve it will fail..

  11. Pantmaker says:

    I shorted JPM on 3/19 . See my comments that day. No brainer. This was totally chart driven.

  12. willid3 says:

    dont try to apply for jobs in Australia if you are over 49

  13. Greg0658 says:

    willid3 “health care. again” @12:48
    imo that seems to be the direction – pass off that HC to employees* – make US light and ready to fight the emerging economies – there’s plenty of general labor to pick from – super-employees will be offered the super packages to keep’em

    * in a non-unionized world very sweet for insurance and finance of the FIRE sectors
    sorta onT/subthread
    I wonder if the SCOTUS rules against HCplan if the next fight is Education .. seems that would be the religious thumpers next wish back .. meaning can Education dollars be picked out of our pockets by law and placed here & there

  14. Greg0658 says:

    “religious thumpers” .. said what I said but more perfect TBP speak would have been Religious Estate