My sunny California reads, 3 hours behind y’all:
• Wizard of ETFs (Barron’s)
• Why are Global Macro hedge funds struggling? (Behavioral Macro) see also One Word Sums Up Finance in 2012: Layoffs (FINS)
• Mark Cuban: Which USA do you work in ? (Blog Maverick)
• For Europe’s Economy, a Lost Decade Looms (NYT) see also Europe’s tired engine (Economist)
• The Weekend Journal: Six Investment Moves to Make Now (WSJ)
• The Engagement Economy (Deloitte)
• Quelle Surprise! SEC Plans to Make the World Safer for Fraudsters, Push Through JOBS Act Con-Artist-Friendly Solicitation Rules (Naked Capitalism)
• Playing the Long Dividend Game (WSJ) see also Thirst for Yield Drives Munis (WSJ)
• Humanities aren’t a science. Stop treating them like one. (Scientific American)
• The Joys and Hazards of Self-Publishing on the Web (NYT)
What are you reading?
Thirst for Yield Drives Munis
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.
I agree to a certain point with the use of ETF’s (Barron’s link). However, I avoid the use of ETF’s for HY bond exposure (JNK referenced in article). THIS Barron’s article gives a pretty good explanation of why.
http://online.barrons.com/article/SB50001424053111903431804577502782508373066.html
Ann Rand, Paul Ryan’s inspiration.
seems she was born right before the Russian revolution, and her family lost every thing. and had to leave. course she wasn’t very old at the time. but it did leave a mark
http://www.ibtimes.com/articles/375126/20120819/ryan-paul-rand-ayn-romney-vice-president.htm?page=all
mixed economy manifesto
http://neweconomicperspectives.org/2012/07/the-mixed-economy-manifesto-part-5-of-5.html
based on data? not made up?
Cuban’s out of touch………
A Keynesian Theory of Hegemonic Currencies – Or Why the World Pays Dollar Tribute
…Conventional theory says the dollar will only lose its dominance when countries become saturated with dollar holdings. At that stage they will cease buying and may even sell dollars, causing a fall of the dollar. The problem with this story is that countries have no incentive to sell dollars, as this would kill the golden goose of export-led growth.
The Keynesian theory of hegemonic currencies suggests a different take. One reason the dollar could topple is if countries finally manage to develop their own consumption markets. …
Large FB sale (20.1 million shares) per SEC filing today:
http://www.marketwatch.com/story/thiel-sells-201-mln-facebook-shares-post-lockup-2012-08-20
Lincoln Square expansion on again after four-year break
http://seattletimes.nwsource.com/html/businesstechnology/2018958081_kemperlincolnxml.html
I gave myself the night off from reading Mary’s Mosaic by Peter Janney, so I am watching this:
http://www.cognitivemedia.co.uk/index.php/blog/2010/06/crises-of-capitalism
Cool.
can’t say that i’ve ever heard a jersey accented “y’all”.
does it sound the same if you’re from, say, delaware?
The “Wizard of ETFs” “… Emerging markets is split between the iShares MSCI Emerging Markets (EEM) and Vanguard MSCI Emerging Markets (VWO)…”
There is nothing in an efficient frontier calculation that’s going to get you anywhere by adding EEM to a portfolio with VWO.
The GOP reaction to Congressman Akin’s faux pas about “illegitimate rape” is bringing out all the big guns …to get Akin out: Out of the senate race, out of sight, out of mind, you name it and do that as soon as possible.
So I’m thinking, WTF? Claiming that pregnancy from rape is unusual unless it is “legitimate rape” is just another wrinkle in the conservative platform of misogyny and anti-science, right? Okay, Akin could lose a couple points to his Democratic opponent but she’s a woman, he’s ahead and MO is a fairly safe red state and, like most red states, with no history of protecting women so ….
Then I start seeing stories such as this, pointing out that it is a widely held belief in the pro-life community that getting pregnant is so incredibly rare from a “real” rape (not necessarily forcible or what have you, but “legitimate”) that it is entirely reasonable to conclude that a pregnant rape victim either enjoyed the rape or, more likely, was not really raped at all.
Then I see that Akin and Paul Ryan are co-authors of a really draconian anti-abortion bill, one that would not only disallow termination of a rape victims pregnancy but could, in principle, allow the rapist to object to termination in a lawsuit.
And now I’m thinking we’ve got a major GOP freakout going on here and it suddenly makes sense: Akin lets the cat out of the bag on current right-wingnut and ultra-Catholic rape theory — fully endorsed in back rooms by the GOP but never in full public of course — and does so while contesting a Senate race against a woman Democrat while he is also connected at the hip to the GOP golden boy, Paul Ryan, a self-declared devout Catholic.
I wouldn’t give any odds on how long Akin is going to stay in the Senate race — the pressure appears to be nothing less than huge and I sense really big contributions to his retirement account in the offing — but I do believe some popcorn may be in order anyway.
PS: Everyone who knows anything knows that that y’all’s is the plural of y’all so its clear that Biden needs a lesson on Southern syntax more than anything else. Of course if he was addressing a crowd of Northerners — including Northern African-Americans one should hardly need to add — then this point is moot; damned Yankees don’t know to talk no matter what their color.
I’m reading something from a friend last couple days.
http://loanmodhorror.blogspot.com/
An inflection point in unemployment.
Robots take human jobs. I think this another big thing that is happening, and not many are talking about it. So jobs are being sent over seas, and robots are replacing humans in manufacturing. Doesn’t bode well for unemployment rates.
http://www.nytimes.com/2012/08/19/business/new-wave-of-adept-robots-is-changing-global-industry.html?_r=1&hp
“Y’all”?
More bad press for Fa(r)ceBook.
http://www.nytimes.com/2012/08/21/technology/facebooks-ambition-collides-with-a-harsh-market.html?_r=1&hpw
[Quote]
“MENLO PARK, Calif. — Inside Facebook’s headquarters, a red-and-white poster affixed to a wall asks bluntly: “What Could Go Wrong?”
“Below, in black ink, someone has scrawled in tiny letters: “Everything.” ”
[end quote]
The other day, someone here asked “How low can it go?”
ZERO!
That’s funny. Mark Cuban talking about work in a factory. Like he’s ever been in one.
“…Let’s say you’re generally a moderate voter. You look at the Romney-Ryan ticket and see that they are much more conservative than you. They don’t believe in tax increases ever…”
Stop the article right there. What more do you need? Everything summed up “…They don’t believe in tax increases ever…”
http://www.nytimes.com/2012/08/21/opinion/brooks-guide-for-the-perplexed.html
We KNOW tax increases solved the deficit under Clinton. We KNOW Bush cut tax rates for the rich so much that we have structural deficits. Romney and Ryan CLAIM that the debt is the biggest problem we have, but they want to cut tax rates for the rich further?!?!
Thanks Brooks, the first sentences are all you need. If Romney and Ryan really thought the debt and deficit was a big problem, they wouldn’t demand we cut taxes for the rich. It’s just not logical anywhere but GOP-land where they still try to convince you cutting taxes for the rich will get rid of the deficit… when will the GOP voter finally see that it’s NEVER worked?
another piece of the high cost of health care puzzle?
we actually dont know what works? but we spend billions on new procedures and medicine? but dont know if they work or not?
http://www.nytimes.com/2012/08/20/opinion/testing-standard-medical-practices.html?_r=1&partner=rss&emc=rss
I love the Mark Cuban post – two people feel the opposite. Why?
FB going to $13.80 at least?
http://www.marketwatch.com/story/is-it-finally-time-to-buy-facebook-2012-08-21
http://www.nytimes.com/2012/08/19/business/new-wave-of-adept-robots-is-changing-global-industry.html?src=me&ref=business
http://www.theonion.com/articles/pregnant-woman-relieved-to-learn-her-rape-was-ille,29258/
i tried to blog on this myself, but have been massively out done by the Onion
this happens a lot+