Some belated west coast reads (how do you people work in finance from this side of the country?):
• Selling love and buying panic (FT alphaville) see also Stock Market Indicators (Dr. Ed’s Blog)
• Broken Brokerages: Finance Luminaries Join Fight Over Uniform Fiduciary Standard (New York Observer)
• In Defense Of The Hedge Fund Industry? (Pension Pulse) see also Why hedge funds may not be right for you (Market Watch)
• Bad Grades Are Rising for Auditors (NYT)
• A Case Study in Wall Street Getting Its Way in Washington (Bloomberg) see also SEC Caves on Money Funds (WSJ)
• The Dark Clouds Hanging Over Crops (WSJ)
• Apple Counts On iPhone Being Too Cool For U.S. Import Ban (Bloomberg) but see Apple: The bigger they are, the harder they fall (Market Watch)
• As always, Florida in the middle of the voting wars (Washington Post)
• The Bain Files: Inside Mitt Romney’s Tax-Dodging Cayman Schemes (Gawker)
• Why It’s Important For People to Know Experiences Are Better Than Possessions (Peer-Reviewed By My Neurons)
What are you reading?
China Producing More Than It Sells
Source: NYT
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.
Unintentional irony of the day. Linked from NC before the NYC news broke:
http://www.theonion.com/articles/nation-celebrates-full-week-without-deadly-mass-sh,29293/
I’m sure the comments on the Houston Chronicle will be to the effect that if all the victims were carrying guns, the perp could have only shot one or two tops before being taken out.
“… (how do you people work in finance from this side of the country?”).
The few that do are slightly masochistic and have very odd circadian rhythms.
On Gawker and Bain, most of the commentary we see from the Right is that…”well, um, Gawker is domiciled in the Caymans too and Gawker’s just like Bain, so all this is just another example of Lefty hypocrisy!”
Stupid.
One decent response, however, does come from Fortune: http://finance.fortune.cnn.com/2012/08/23/gawkers-worthless-bain-files-2/
On the Left, sorry to say, the coverage of this expose isn’t much better. Other than simply excerpting the Gawker intro, we don’t see much interesting commentary, other than, “Something stinks here. I just know it!” The best we’ve seen comes from Victor Fleischer http://victorfleischer.com/archives/306.
BITFU Search inurl:gawker
http://www.bitfu.com
Interesting information.
http://tamino.wordpress.com/2012/08/22/is-climate-really-changing/
But, but you can’t prove it. I operate on trutheness, and I don’t want it to be so. After all Gore can’t be right. His actions were just a ploy to gain control over me. Ergo he is wrong.
The physics/chemistry is pretty clear. Dumping over 9 gigatons of CO2 by humans is no cause for concern. So why worry, somebody else can deal with the problem. Not me.
http://en.wikipedia.org/wiki/Carbon_dioxide_in_Earth's_atmosphere#Anthropogenic_CO2_increase
Fa(r)ceBook may have a tough time monetizing ads on the smaller screens of mobile devices.
Another chink in the armor IMO.
http://www.nytimes.com/2012/08/24/technology/facebook-rewrites-its-code-for-a-small-screen-world.html?hpw
bain files
http://www.nakedcapitalism.com/2012/08/gawker-seeks-to-crowd-sources-analysis-of-21-bain-caymans-entities-owned-by-romney.html
The Cheapest Generation (Atlantic)
Why Millennials aren’t buying cars or houses, and what that means for the economy
the gold standard http://www.readperiodicals.com/201109/2442065751.html
why would it be different this time? its not like inflation only existed since we got off the gold standard. or deficits.
tradking13, not just Ford has found that millennials dont buy cars, or much else, Toyota has also (thei SCION brand was supposed to be for them, they just aren’t biggest buyers of that brand), in fact all of them have. and its not just cars its lots of others products. now a large chunk of t might be in the fact that they just dont have the money to do it (they have the lowest pay for their age group in decades). might also be that they dont need some products to socialize like their forefathers did (that FB and other web sites reduced the need for that). could also be that have reduced their job opportunities?
My favorite “campaign add” so far.
http://www.dailykos.com/story/2012/08/18/1121614/-Hilarious-poem-about-Mitt-Romney-by-92-Year-Old-Retired-ND-Judge-WWII-Vet-needs-to-go-viral
@willid3 Says:
Also, increaing urbanization, public transit and very recently my city has been overrun by “shared cars” –
3,000 vehicles, 120,000 in 2006 to 10,00 vehicles and 500,00 members in 2010
http://www.carsharing.net/
http://www.zipcar.com/