My afternoon train reading:
• An Investor’s Guide to Fees and Expenses (Bloomberg)
• CNBC: kid gloves for bankers, boxing gloves for bank critics (Columbia Journalism Review)
• The monetary Maginot of the Gold Standard (Telegraph) see also Even talk of a gold standard would boost the price (MarketWatch)
• 401(k) savings advice for Gen-Xers (CBS News)
• 5 Reasons You Deserve To Lose Every Penny In The Market (BClund) see also Investor End Games: All Is Not Well in the Garden (Bloomberg)
• The Sharapova Effect (Freakonomics)
• Wall Street Gives Up on Obama and Roots for Romney (Fiscal Times) see also The Case for Noblesse Oblige (NYT)
• Hero Reagan’s Compromise Would Collide With Tea Party Certitude (Bloomberg)
• 10 Habits of Remarkably Charismatic People (Inc.com)
• Political Wisdom: Reactions to Chris Christie’s Speech (WSJ)
What are you reading?
Foreclosure Inventory by State Map
Source: CoreLogic
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.
Worst. Color. Choices. Ever.
If “Wall street” is rooting for Romney, then I’m voting for President Obama.
WTF – Citizen’s United run amuck.
http://www.theatlantic.com/national/archive/2012/08/does-cigarette-marketing-count-as-free-speech/261680/
Low caloric diets do not extend life?
http://arstechnica.com/science/2012/08/severe-calorie-restrictions-probably-dont-prolong-life/
Long read on potetential disruptive technologies.
http://www.washingtonmonthly.com/magazine/septemberoctober_2012/features/_its_three_oclock_in039373.php
The CNBS takedown of “Guests” recently has been just appalling, especially Barofsky on Squawk Box. It is unreasonable to ask questions and not then allow a guest to answer the question, treatment handed out selectively to anyone with an opinion which in any way challenges the apparent conviction of CNBS that everyone on Wall Street is beyond reproach and simply doing God’s work.
Fortunately, the ratings would suggest that the audience sees through this and is looking for more balanced fare. Hence voting with their feet and departing in droves.
“You Are Here – Echoing the Cognitive Dissonance of 2006″
http://www.zerohedge.com/news/you-are-here-echoing-cognitive-dissonance-september-2006
Quoting the article: The analog is stunning ‘optically’ and even more concerning from a behavioral perspective.
The SPX analog from the 2003 lows to the 2008 highs looks very striking when overlaid with the current move out of the 2009 lows on the SPX.
The interesting thing is this suggests a high near 1600 SPX in early January, a dip, then a final run to about 1775 SPX by Sept. 2013 before the bottom drops out.
Of course, these analogs eventually fail or morph into something else, but it’s still good to keep it in the tool box.
Can somebody please explain to me why most of the attention on the foreclosure problems seems to focus on the West and Southwest (CA and NV in particular) when this map shows that the problems in the Northeast are at least as bad if not worse? Even the situation in the South is better once FL is taken out of the mix. Why all the hand-wringing about how bad things are in NV and AZ? About the only factor I can think of to explain the dichotomy in perception is that the states whining about the foreclosure problems are addicted to housing construction as their principal manufacturing industry, which has put them behind the proverbial 8-ball in a major way in The Great Recession (any pools on how long before that word gets retired as Depression did after it got chosen to replace Panic).