Back from Bloomberg TV, ready with some not-so-early morning reads:
• Hulbert: The Correction is close to being over (Market Watch)
• WTF? U.S. Multinationals Lobby to Alter Tax Rules They Sought (Bloomberg)
• Worst Week Ever for US Economic Indicators? (Bespoke Invest) see also The Canary in the Economic Coal Mine (WSJ)
• Lock In Low Rates for the Long Haul (The Street)
• New York AG hires prosecutor for mortgage probe (Reuters)
• Rich Nontaxpayers (Economix)
• Securitize the Queen (Bright Green)
• Apple and Google Expand Their Battle to Mobile Maps (WSJ)
• Is Facebook still cool? (Market Watch) see also Facebook Hits New Low After Bernstein Questions Stock (Bloomberg)
• Paul McCartney Reveals Post-Beatles Booze Struggles (Yahoo Music)
What are you reading?
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.
BLOOMBERG.COM: Japan’s Debt Sustains a Deflationary Depression…
ONE DEFINITION OF INSANITY: The Treasury Dept. continuing to finance long-term budget deficits with short term debt instruments (bills/notes) when long-term interest rates on government bonds are at, or near historic lows.
Soros speech, first comments on EMT and then the Euro crisis:
http://www.georgesoros.com/interviews-speeches/entry/remarks_at_the_festival_of_economics_trento_italy/
The Bartlett article on the hypocrasy of the GOP is hilarious! They blame the Democrats for the low-income people people who don’t pay income taxes (even though theypay a boat load in Social Security and Medicare taxes which get used to cover the deficits … and sales taxes etc…etc…) on the credits that the GOP gave them! While they shout ‘class warefare’ when Democrats want income taxes to rise back to the Clinton rates (you can’t include the 3% Medicare tax on upper incomes if you don’t count them as taxes for the low income folks, GOPers…} Then stand silently when rich pay no taxes!
Can anyone explain why Mark Hulbert isn’t a mega billionaire yet? Is he secretly rich? If not, is he too lazy to implement any of his observations and statistical analyses? Or is it possible that his amazing correlations are relatively useless from an investment perspective?
What’s the point of posting a Home-Price Scorecard with data from December? CoreLogic has been positive the past two months, and the latest Case-Shiller decrease is half of what’s listed there. I suspect all the other numbers have been cut in half (or better) too.
astronomers around the globe are watching tomorrow to get better clues about the ‘mysterious arc of venus’:
http://science.nasa.gov/science-news/science-at-nasa/2012/04jun_arcofvenus/
House sales and values have positively EXPLODED in the last 30 days!!!! Why, it’s so hot, I’m sweating as I type this. I better BUY NOW or I’ll be left behind forever. Blah, blah, blah. Yet another NAR troll…
Facebook losing its cool with the younger generation who like mobile apps and prefer more private connections without the parents watching. If it becomes known as a “mom thing”, I believe fickle youth will abandon it like they did myspace.
Ya, that home price scorecard is outdated. The most updated is here from June 4th (using March data) http://blogs.wsj.com/developments/2012/06/04/home-price-scorecard-a-turning-market-but-which-way/
Barry, you’ll dig this: Michael Lewis’ speech to Princeton’s Class of 2012.
Text: http://www.princeton.edu/main/news/archive/S33/87/54K53/index.xml?section=
Video: http://www.youtube.com/watch?v=CiQ_T5C3hIM&list=UUcBYSgQTxc126-lj_gdrO8Q&index=1&feature=plcp
~~~
BR: Already in my reads (with Steve Carrell) for PM reads ! Thanks
“New Rules” for the Mets now that Bill Maher is a Part Owner
http://www.madmagazine.com/blog/2012/06/05/new-rules-for-the-mets-now-that-bill-maher-is-a-part-owner
CoreLogic Confirms Housing Market Price Gains With New Pending Sales Price Index for May http://j.mp/L12y92