My afternoon train reading:

• Wall Street Is Too Big to Regulate (NYT) Make it smaller
• 450-year-old debt. Trillions owed. But will German village get repaid? (CS Monitor)
• Study Finds About 20% of US Public Companies Cheat On Earnings Reports (Jesse’s Café Américain)
Klarman vs Tilson (The Reformed Broker) see also The Oracle of Boston (Economist)
• In California city, mixed picture of life after bankruptcy (SF Gate)
• Extraordinary Strains (Hussman Funds) see also Treasury Yields Drop to Records in Safe Haven Bid (Bloomberg)
• Austerity’s Big Winners Prove To Be Wall Street And The Wealthy (Huff Post)
• Microspheres Could Save Patients Whose Lungs Have Stopped Working (Technology Review) see also Breathing an idea to life: Injectable oxygen microparticles (Vector)
• No, the web is not driving us mad (Mind Hacks)
• How I lost my fear of Universal Health Care (A Young Mom’s Musings)

What are you reading?

>
Recent earnings slump is just a dress rehearsal

Source: Societe General

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.

10 Responses to “10 Monday PM Reads”

  1. NoKidding says:

    “Austerity’s Big Winners Prove To Be Wall Street And The Wealthy ”

    Yes. If we tried more stimulus, the replacement would read:

    “Stimulus’s Big Winners Prove To Be Wall Street And The Wealthy ”

    If we tried some direct form of currency devaluation, the replacement would read:

    “Inflation’s Big Winners Prove To Be Wall Street And The Wealthy ”

    And if we tried some form debt jubilee, the replacement would read:

    “Jubilee’s Big Winners Prove To Be Wall Street And The Wealthy ”

    If Wall Street pays the people writing the laws congress votes on and the president signs, what other result should be expected. Duh?

  2. Moss says:

    Will the shrill and the GOP will do and say anything to discredit Obama. They are absolutely obsessed with him and care about nothing else.

    http://www.latimes.com/news/politics/la-pn-romney-in-2002-olympians-didnt-get-here-solely-on-your-own-power-20120723,0,2400312.story

  3. willid3 says:

    Romney isn’t a venture capitalists per the venture capitalists

    http://in.reuters.com/article/2012/07/20/us-venturecapital-romney-idINBRE86J0HV20120720

  4. mathman says:

    Youse guys might wanna take a look (listen) at dis:

    http://finance.yahoo.com/blogs/breakout/lobbying-works-big-spenders-reap-big-stock-gains-143308537.html

    Lobbying Works! Big Spenders Reap Big Stock Gains Says Trennert

    “Follow the money,” the simple but famous instruction whispered to Washington Post reporter Bob Woodward by his “Deep Throat” source, was enough to crack the Watergate scandal. Today, 40 years later, those very same words appear to have blown the lid off of another political outrage in our nation’s capital: the corrupting influence of money in politics.

    While this financial connection, in and of itself, is hardly a great revelation, new analysis from Strategas Research Partners shows irrefutable evidence that companies are getting a real bang for their buck on the money they spend trying to influence lawmakers. By tracking the 50 companies that spend the most money — as a percentage of their total assets — on lobbying, the so-called Lobbying Index proves it’s a darn good investment.

    How good? The Lobbying Index has now beaten the S&P 500 for 12 years in a row.” (there’s more)

    geez i actually put something “on topic” up!

  5. biscuits says:

    Chris Whalen, after ripping Krugman a new one, suggests JPMorgan and Citi will end up on top and we will rejoice in our new personal and economic freedom. I’m no Krugman fan, but…wha?

    http://www.zerohedge.com/contributed/2012-07-23/paul-krugman-and-new-austerity-get-used-it

  6. rd says:

    We don’t need to MAKE Wall Street smaller. We simply need to allow them to become smaller.

    The financial sector has proven over the past few years that it has all the capabilities that it needs to implode itself as it continues to create new “black hole” financial instruments that they don’t understand themselves until too late. They are also so focused on the “moi” that they can strip previously rational instruments and benchmarks of any facade of credibility in the hopes of squeezing a few more pennies from the muppets and each other.

    We simply need to give them permission to bankrupt themselves and they will willing oblige us like lemmings marching over a cliff in search of the almight dollar. They would have done it in 2008-2009 until Paulsen and Bernanke stepped in to save them from themselves.