My early morning reads:

• Facebook: The $100 Billion Oxymoron (Efficient Frontier) see also  A Safe Price to Pay for Facebook: $15  (Smart Money)
• May Again Bites Stock Investors (WSJ)
• Facing Down the Bankers (NYT)
• Why FINRA’s power grab for RIAs needs to be stopped to avert the death of the profession (RIA Biz) see also Embracing FINRA, ‘the Devil We Know’ (DealBook)
• JPMorgan CIO Swaps Pricing Said to Differ From Bank (Bloomberg)
• Markets and Morals (NYT) see also Psychology Of Fraud: Why Good People Do Bad Things (npr)
• QE3 Hits European Iceberg (WSJ)
• SEC: Taking on Big Firms is ‘Tempting,’ But We Prefer Picking on Little Guys  (Rolling Stone) see also Why S.E.C. Settlements Should Hold Senior Executives Liable (and all of us are more Greek than we think) (DealBook)
• Permission to Fail (Harvard Business Review)
• Daddy, What Were Compact Discs? (NYT)

What are you reading?


Heard: QE3 Hits European Iceberg

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.

17 Responses to “10 Thursday AM Reads”

  1. AHodge says:

    FINRA as in charge? please they are complete stooges. check out their own Madoff record
    also SEC Chairwoman Shapiros alma mater which says huge about her
    fortunately this is more complete BS nonstarters from the House
    i actually get annoyed they get media air time
    like they are serious proposals
    rather than complete PR grandstanding for the base
    like thy are accomplishing something

  2. Gulfcoastm says:

    Barry, I’m curious what your thoughts are regarding this long term US government debt. It looks to me that rates were roughly 5% or lower for 100 years with a hugh spike. Maybe we should consider that more of the norm with rates. Everyone everwhere keeps says rates have to go higher and yes they eventually will but just maybe they will remain contained to allow for a functioning market/economy. I am demonstrating my own ignorance here but I’m trying to develop better reasoning skills.

  3. willid3 says:

    suspect that rates will stay low. after all where else are investors going to go when almost all other countries are worse. and private bonds aren’t exactly safer. with the EURO crashing, and the BRICS slowing down. and with business having no real interest in growth (not that this new, been that way for a decade or so).

    if the Fed raised the short term rate, would it really matter? business still wouldn’t be borrowing. the only place that is still borrowing in the Feds. take that away, and the lending economy collapses

  4. willid3 says:

    the real reason for the rise and fall of countries. its not always what we are told

  5. Mike in Nola says:

    Charlie Pierce has a pretty funny piece on the Republican nominee:

  6. AHodge says:

    Dow Jones today Dr Sheila knows whats good for you as usual;
    –Bair says regulators should tighten Volcker rule and push derivatives out of banks

    “Don’t let insured deposits fund that activity,” Bair said at a roundtable on the Volcker rule held by staff of the Commodity Futures Trading Commission…..
    Bair said that FDIC-backed banks should concentrate on commercial banking and regulators should tighten the hedging examples of the Volcker rule…..
    “I think a hedge should not be allowed unless you identify it as a hedge when you put the trade on,” Bair said.

    (meaning no economic hedges allowed)
    or you could just have deposit insurance only against bank loans and running the payment system
    real narrow banking
    my rant for last two years

  7. willid3 says:

    Greece’s new problem. energy
    seems they used to get oil from Iran. but can’t any more
    and the options they have left. may lead to the black outs

  8. willid3 says:

    maybe its really time from Greece to exit the EU? their opinions of Germany. are just short of being complete enemies. the Germans seem to be just as bad

  9. thomas hudson says:

    Public-employee unions in Wisconsin have experienced a dramatic drop in membership—by more than half for the second-biggest union—since a law championed by Republican Gov. Scott Walker sharply curtailed their ability to bargain over wages and working conditions.

    Now with Mr. Walker facing a recall vote Tuesday, voters will decide whether his policies in the centrist state should continue—or whether they have gone too far.

    The election could mark a pivot point for organized labor.

  10. willid3 says:

    job recovery? what job recovery?

    its certainly a lot better than is was in 2008.

    but maybe we are expecting to much. it went down so bad, that a quick recovery was never going to happen without a really dramatic increase in government spending (business wont spend much if there is no demand, and demand collapsed as jobs did)

  11. willid3 says:

    biggest threat to the economy? Congress and the debt ceiling redo?
    had a bigger impact than Lehman did.

  12. MorticiaA says:

    A lunchtime find:
    Britain’s ad watchdog issues its annual report of the most complained-about ads. Slides 27 and 28 get to the specific ads.

  13. mathman says:

    thanks for deleting my comment @$$^)(#!