My morning reads:

• Why the USA is the Comeback Kid (Economist)
• Americans Living Larger As New-Home Sizes Defy Economy (Bloomberg) see also Housing groups accuse DOJ of ‘stonewalling’ mortgage fraud cases (Reuters)
• Why Investors Shouldn’t Count on QE3 (Yahoo Finance)
• The Hole in the Bucket (Washington Monthly) see also Moneyballing the Financial World (Motley Fool)
• George Soros’ Best Investment Advice (Market Folly)
• China’s ‘5 apocalypses’ signal global recession (Market Watch) see also Just How Bad Are Things in the Middle Kingdom? (WSJ)
• The Mystery of John Roberts (NYT)
• Fighting words: Apple’s ‘Post-PC’ and Microsoft’s ‘PC Plus’ were never that different (The Verge)
• Relativistic Baseball (What If)
• The Rolling Stones Have Been A Band For Fifty Years (The Awl)

What are you reading?

 

At J.P. Morgan, Whale & Co. Go

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 Friday AM Reads”

  1. mrthinks says:

    There was a movie about a slow gardener that became a wunderkind (can’t recall the name of it) but I think this article was based on it. I do prefer this idea to the current ‘economy is a machine of efficiency’ theory though.

    http://www.nytimes.com/2012/07/11/opinion/our-gardenbrain-economy.html

    ~~~

    BR: We linked to that Garden Brain piece in Thursday’s PM reads — very interesting stuff

    Peter Sellers played Chauncey Gardiner in the satirical movie Being There

  2. The Retired CNBC Sucks says:

    I don’t know if Barry posted this previously, but this Atlantic article demonstrates how important capital gains are in creating wealth:

    http://www.theatlantic.com/business/archive/2012/07/how-the-richest-400-people-in-america-got-so-rich/259520/

    To quote: “In the last years of the bubble, the ‘Fortunate 400′ made nearly half their income from capital gains (a.k.a.: profit from the rising value of an investment, such as stocks or property) and less than 10% of their income from old-fashioned wages.” I like a good dividend as much as the next guy but, bubble or no bubble, capital gains are always key. And who knew MSFT and CSCO would become dividend stocks so quickly in their lifecycles?

    As a somewhat related aside, I sold the CNBC Sucks blog yesterday at 100% capital gain, but miniscule economic benefit ($1,000).

  3. VennData says:

    Obama damaging his credibility with ‘dishonest’ Romney attacks?

    “…This is a rush transcript from “Hannity,” July 12, 2012. This copy may not be in its final form and may be updated…”

    http://www.foxnews.com/on-air/hannity/2012/07/13/obama-damaging-his-credibility-dishonest-romney-attacks#ixzz20W8vpS8i

    In other words, we are going to spew out a bunch of question-mark-ending nonsense and if we decide to change the egregious errors, half-truths, and spin we will AFTER our sheep… er…a… loyal followers have read, subsumed, and forwarded via email.

    Great source for information there, GOP Voter. Enjoy being ignorant.

  4. VennData says:

    Globe will not issue correction to Romney

    http://www.politico.com/blogs/media/2012/07/boston-globe-will-not-issue-correction-128799.html

    Oh, mitt’s listening to conservative talk radio and and “hitting back hard.” But to be fair you can pretty much find quotes of Romney saying and doing anything.

  5. VennData says:

    I will ask Romney over and over, every day until the November election when did you retire, Romney? …and when did he know he retired?

    I’m a Retireer. a flesh-and-blood member of the Retireer movement.

  6. VennData says:

    re link: What would happen if you tried to hit a baseball pitched at 90% the speed of light?

    http://what-if.xkcd.com/1/

    Then, again, what if the batter was Sasquatch?

    http://sports.yahoo.com/blogs/mlb-big-league-stew/brian-wilson-hits-red-carpet-sasquatch-c-c-164103890–mlb.html

    I will not ask who was the pitcher, nor who was the catcher.

  7. DrungoHazewood says:

    As a baseball fan and someone who used plasmas in my graduate work-hit by pitch LOL. Good one.

  8. clipb says:

    another superficial piece. the press repeated this many times. so how come citi is/was as bad as jpm? bac wasn’t so hot either. wfc on the other hand…

    http://finance.yahoo.com/echarts?s=JPM+Interactive#symbol=jpm;range=3m;compare=bac+c+kbe;indicator=volume;charttype=ohlc;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

  9. nickthap says:

    Thanks very much for the link to the Hole In the Bucket article. Very interesting. I wonder, wrt credit and usury, if there are any credible studdies on WHY usury has become the norm, at least in terms of moral decay it seems to point to (both on the lending side and the borrowing side). I think “money” in general has just become too important to too many people.

  10. Mike in Nola says:

    Texas needs $2B to fix roads damaged by the drilling binge. But that’s the price of being cnbc’s most business friendly state.
    http://fuelfix.com/blog/2012/07/13/texas-may-need-2-billion-to-fix-roads-damaged-by-drilling-activity/

  11. VennData says:

    Re Bloomberg’s “Americans Living Larger”

    ‘…The percentage of new single-family homes greater than 3,000 square feet has grown by one-third in the last decade, according to data released last month by the U.S. Census Bureau…’

    http://en.wikipedia.org/wiki/Lebensraum

  12. sellstop says:

    I’m reading: “Land of Promise: An Economic History of the United States”, by Michael Lind
    Read it!
    gh