My afternoon reading:

Frank Partnoy: Rebuild the pillars of 1930s Wall Street (FT.com)
• Berkshire 2012: The Times They Are A-Changing and Other Observations (Jeff Matthews Is Not Making This Up)
• Spark in Sales of Cars and Trucks Drives U.S. Economy (Bloomberg)
• CFA Conference: James Montier (Above Market) see also Flaws of Finance (The Research Puzzle)
• Why Is Barron’s More Bullish Online Than in Print? (Picks & Pans Breakdown) (Wall Street)
Teri Buhl: SEC Tells JP Morgan Enforcement Action Coming over Bear’s Mortgage Backed Securities Violations (Wall Street Unplugged)
• How the Blind Are Reinventing the iPhone (The Atlantic) see also My First Week with the iPhone (Behind The Curtain)
• Small Cities Are Becoming A New Engine Of Economic Growth (New Geography)
• What Were The Most Radical Social Experiment in Modern History? (The Atlantic)
• Was Paul’s Boutique Illegal? (The Slate)

What are you reading?

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Floating Facebook

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.

15 Responses to “10 Monday PM Reads”

  1. willid3 says:

    another view on JPM
    JPMorgan was never as good as people (both supporters and critics) made it out to be, so we shouldn’t be so surprised that it just lost $2 billion (and counting).

    and it wasn’t the taxes that caused that billionaire to renounce. it was that foreign banks don’t like the paper work required when they have American’s as customers. I suppose if you want to live over seas. just find a branch of a US bank.

    http://finance.yahoo.com/news/facebook-co-founder–america-is-ok–it’s-the-rules-that-are-a-pain.html

  2. Jojo says:

    ‘My First Week with the iPhone’ was a wonderful story!

  3. rpseawright says:

    Thanks for the link, Barry. My notes from all the sessions (Montier, Ritholtz, Kahneman, Fama, etc.) are available here:

    http://rpseawright.wordpress.com/2012/05/07/cfa-conference-post-compendium/

    Also, the best comment by 3pm PT Wednesday wins a Kindle.

    http://rpseawright.wordpress.com/2012/05/02/win-a-kindle-or-2-or-3-or-4/

  4. http://www.newgeography.com/content/002817-small-cities-are-becoming-a-new-engine-of-economic-growth

    was worth reading..

    along the lines of BR’s ~”The Future ain’t so Bleak..afterall..”-Insight..

    lays out some the *”Real World”-Growth, actually, happening (in fly-over-ville)..

  5. theexpertisin says:

    Re: Radical Social Experiments

    Looking at the list – and it is a good one, I think the author missed a biggie. The fall of sanctioned anti-semitism in the West.The pogroms, extermination efforts, bold-faced discrimination and subtle acts of vile sterotyping had plagued the race since the chariots.

    I’m a practicing Catholic, and tolerate recent anti-Catholic smears by seemingly educated people. It’s peanuts compared to what our Jewish friends have suffered through.

    One hopes the wave of anti-semitism present in the mid-east and within fringe radical groups in the West at present is the final death throws of a few sick minds.

  6. catman says:

    All – The recent musical losses mount. Duck Dunn R.I.P. He wasnt Jaco Patorious, but he was one working musician.

  7. Welcome to your 2012 election season, let the suppression of political debate begin.

    By Cory Doctorow at 7:17 pm Monday, May 7
    Running for office? Embarrassed by YouTube videos that make fun of you or show you looking like an ass? YouTube will give you up to 14 days’ worth of censorship for free — all you need to do is pretend that the video infringes your copyright and invoke the DMCA. EFF wants to change that. …

    http://boingboing.net/2012/05/07/welcome-to-your-2012-election.html

    “They (still?) hate Us for Our ‘Freedoms’.” — please, YGTBFKM.

  8. farmera1 says:

    What Jamie Dimon Doesn’t Know Is Plain Scary

    http://www.bloomberg.com/news/2012-05-11/what-jamie-dimon-doesn-t-know-is-plain-scary.html

    As often seems to be the case when these complex, convoluted, statistically bastardized investments blow up, the man in charge knows little of what is going on. So Dimon is either very very stupid, or just a dishonest liar. I suspect it is some of both.

  9. Mike in Nola says:

    Don’t know if this got posted but it’s worth a read. Mark Cuban’s prediction on the future of higher education. Seems obvious when you think about it.

    http://blogmaverick.com/2012/05/13/the-coming-meltdown-in-college-education-why-the-economy-wont-get-better-any-time-soon/

  10. Mike in Nola says:

    Montier’s paper is on Scribd:

    http://www.scribd.com/doc/93511310/James-Montier-The-Flaws-of-Finance

    And in case you haven’t heard, the new head of JPM’s CIO was a trader for LTCM. This should make everyone more confident. About the only upside is that he should know how bad these models are since he was part of the biggest blowup to that time.
    http://en.wikipedia.org/wiki/Long-Term_Capital_Management

  11. formerlawyer says:

    Best WTF headline..”JPMorgan Chase Has Lost $20 Billion On Its Bad Trade” …….

    (Taking Into Account Share Price)
    http://www.huffingtonpost.com/2012/05/14/jpmorgan-chase-2-billion_n_1514884.html

  12. The Cornucopia Institute Reveals Cereal Crimes

    Thanks to some deceptive marketing techniques, your favorite “natural” cereal may not be what you thought it was…

    …Companies such as Kellogg’s, Quaker Oats (PepsiCo), Barbara’s Bakery and Whole Foods Market offer products contaminated with agrochemicals and genetically engineered organisms, yet promote them as “natural.”…

    http://www.motherearthnews.com/sustainable-farming/the-cornucopia-institute-zmgz12fmzrog.aspx
    ~~
    http://www.cornucopia.org/2011/10/natural-vs-organic-cereal/

    http://www.cornucopia.org/who-owns-organic/
    ~~
    http://search.yippy.com/search?query=Whole+Foods+Whole+Fraud&tb=sitesearch-all&v%3Aproject=clusty

  13. CSF says:

    The Atlantic needs to change their headline from the most radical experiments in “modern history” to “American history” (or “history of the U.S.”).

    Most radical experiments in Modern History? The Republican phase of the French Revolution, Stalin’s Collectivization and early Five-Year Plans, the Final Solution, Mao’s Great Leap Forward, The Great Proletarian Cultural Revolution, etc. There’s not much in the history of the United States that compares…