My morning reads:

• Lies, Damn Lies and LIBOR (London Banker)
• Stock Buybacks that Wasted Investor Money (CNBC)
• Short Sales on NYSE Top 2011 Peak as September Bets Lost 21% (Bloomberg)
WTF? U.S. Tightens Security for Economic Data (NYT)
• Investors’ 10 Most Common Behavioral Biases (Above The Market)
• Yahoo: the challenges facing new boss Marissa Mayer (BBC News)
• With Low Supply, Asking Prices Rise for Fifth Straight Month (WSJ) you know my views on this
• Game Theory and Macroeconomics (Musings of the Sorts)
• Government Spending and the Economy (Economix) see also Why is it so hard to raise taxes on the rich? (Salon)
• Ex-Citi banker faces trial over CDO sale ( see also Missteps Doomed Barclays’ Leaders (WSJ)

What are you reading?


Fortune Favours The Big

Source: 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.

6 Responses to “10 Tuesday AM Reads”

  1. Northeaster says:

    “Stock Buybacks that Wasted Investor Money” -

    What the author didn’t note, especially in IBM’s case, was they are also quietly going through massive layoffs at the same time as the buybacks. A trend also found at another Corp., Xerox, who have “outsourced globally to third parties”, as well as layoffs (Ms. Burns of course is VERY friendly with Team Obama). This isn’t to say Romney will do anything different. I just see hypocrisy coming from both sides, while these major corps. look great (maybe) on paper, but Americans are being thrown out through the back window (unemployment) at the same time.

  2. James Cameron says:

    Government Spending and the Economy (Bruce Bartlett)

  3. James Cameron says:

    Totally missed that the article just above was already listed. So . . . a piece that once again illustrates how political ideology can take a backseat to economic self-interest. These stories abound, whether its cut government spending lawmakers pushing next generation aircraft carrier groups, or Tea Party enthusiasts benefiting from government assistance.

    The Republicans’ Most Hypocritical Economic Argument

  4. VennData says:

    London Whales, Barclay’s fixing LIBOR and HSBC laundering criminal, drug and terror money.

    Looks like London’s light-touch regulations are something to really be envied.

    Yeah we don’t want to regulate the banks, yeah… stop that Dodd Frank from being implemented. Go GOP.

  5. willid3 says:

    didn’t layoffs used to be a sign of a company in trouble? when did it change from being that to a sign of good things?

  6. Joe Friday says:

    With Low Supply, Asking Prices Rise for Fifth Straight Month (WSJ)


    According to CoreLogic, just 10 percent of all REOs in the country are listed by their owners, which include mortgage giants Fannie Mae and Freddie Mac as well as the Federal Housing Administration. As of April 2012, 390,000 repossessed homes sat in limbo, while about 39,000 were actually listed for sale.