My reads to end the workweek:
• Rial Trouble: As Iran’s Currency Keeps Tumbling, Anxiety Is Rising (NYT)
• Housing Recovery Outpaces Regulators (WSJ) see also Fannie’s, Freddie’s Wooing of Private Investors Hits Delay (WSJ)
• Overseas Cash and the Tax Games Multinationals Play (DealBook)
• THE WORLD’S WORST CENTRAL BANKER (EconoMonitor) see also Monetary Mystification (Project Syndicate)
• Investing in credit markets, with matrices (Alphaville)
• Money, Power and the Rule of Law (Economix) see also U.S. Justice in Collision With Foreign Fraud (NYT)
• How Strong Is the Art Market? (WSJ)
• How to Run Your Hedge Fund From a Prison Cell (Bloomberg) see also Pity the Plutocrats (NYT)
• An Investor’s Guide to Famous Last Words (Motley Fool)
• Moderate Mitt returns — but conservatives cheer (Politico) see also Mitt Romney must prove that debate performance was the real him (Washington Post)
What are you reading?
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.
Mulitplying Europe’s Fiscal suicide (technical): http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100020504/multiplying-europes-fiscal-suicide-technical/
Interesting read, as it undercuts the notion that one can have austerity without major pain. Expansionary fiscal contractions were theorized looking at individual countries that could export their way out into a healthy, global economy after devaluing their currency.
Now that the landscape has changed, the austerity proponents may be advocating suicide.
The chart is correct. What it fails to delinate is if you are in the market how old are you and your need for the monetary value of these assets a point you always make. It is why I never understand why you post them?
i see its terrible that banksters might be held accountable for their actions. the horrors of being threatened with fines etc. it will cause a new depression i tell you. just you wait and see
hm. austerity can lead to depression even though politicians ignore it by examining their eye lids for wholes?
http://krugman.blogs.nytimes.com/2012/10/05/wages-prices-depressions-deficits-wonkish/
Romney moves to Center
http://www.nytimes.com/2012/10/05/us/politics/entering-stage-right-romney-moved-to-center.html
Heck, I wouldn’t care if he moved to left of Elizabeth Warren, He could make Chicago Teacher’s Union President Karen Lewis his Labor Secretary with Sweeping powers. He could dump Ryan for Raul Castro! ANYTHING to rid of Obama who took my family farm, my gun and doubled my taxes!
Oh, unlike his statement in the debate… Romney’s plan DOES NOT cover pre-existing conditions…
http://politicalticker.blogs.cnn.com/2012/10/04/romney-adviser-fields-questions-on-pre-existing-conditions/
http://www.kaiserhealthnews.org/Daily-Reports/2012/October/05/opinions.aspx
http://www.huffingtonpost.com/2012/10/04/romney-pre-existing-conditions-health-care-plan_n_1939735.html
http://www.politico.com/politicopulse/1012/politicopulse845.html?hp=l6_b4
http://www.cbsnews.com/video/watch/?id=7424222n
Yeah he won… He “won” only if replacement refs judged the debate.
So why did Obama stand there, acting presidential instead of like a used care salesman, aka Romney ? Because Romney was lying his ass off. If you want George W. Bush’s used car, buy Romney’s lines.
hm. wasn’t it supposed to be that shareholders own the company? and that if management makes enough bad choices that they get fires? and that boards are supposed to be the old grey beards, wise men that represent them? or is that old school? you would think that all that 401k ‘investments’ that we make we would get better results? and that shareholders would actually have some say. but evidently not
http://www.businessweek.com/articles/2012-10-05/wheres-the-shareholder-outrage-at-hewlett-packard#r=hp-ls
and now for some thing different.
robot cow milking????????
http://www.businessweek.com/articles/2012-10-05/the-210-000-cow-milking-robot#r=hp-ls
So, where on earth did Romney’s five lying sons learn to lie?
From the running from stocks chart – I guess the big question is – did new bull market start in 2009? Or are there 1 or more “legs down” before it starts?
@VennData President Obama took your gun and doubled your taxes? Do share details. That sounds like a story that needs to be told – since he hasn’t changed guns laws and has lowered taxes.
That AAPL head and shoulders top is close to breakdown on the daily. ORCL also has the same formation, as does the NDX.
The AAPL pattern targets $600. The SOX are also weak, which is something that gives some credence to the theory that the patterns will break to the norm (down).
However, these are a few of the rare bearish charts out there right now, and they would buck the overall trend if they continue their drop, so it’s something to be taken with a grain of salt, especially with the Fed liquidity in play.
Gordo365. VennData is being ironic.
Gorman Says Wall Street Workers Are ‘Still Overpaid,’ FT Reports
http://www.sfgate.com/business/bloomberg/article/Gorman-Says-Wall-Street-Workers-Are-Still-3921781.php
The boys on Wall Street are leaving the Boom-Boom Room and joining the Middle Class. You may wanna re-think your political focus fellas. Obama lookin’ pretty good now, eh?
Sorry can’t link the Ft article due to their Chinese Pay wall.
willid3 Says:
robot cow milking
Awesome article. Now I want some cows.
Reince Priebus Forced Back Into Ancient Puzzle Box After Being Tricked Into Saying Name Backwards
http://www.theonion.com/articles/reince-priebus-forced-back-into-ancient-puzzle-box,29803/
Have we reached the end of economic growth?
http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/09/11/have-we-reached-the-end-of-economic-growth/
Don’t know if it’s true or not, but it’s a fun read. Have to excuse me if someone posted this already.
was thinking that the rush out of stocks may have more than a few causes. one might the baby boomers retiring. they have the most income, and retirement tends to mean more conservation than any thing else. then there is the follow on generations. they have less income than the baby boomers had at the same age, and there is less of them. so they dont invest as much if at all. then there is the perception that wall street is rigged. whether true or not. its definitely gotten a lot of attention in the last 5 -6 year. and in the court of public opinion, there are no appeals. or authorities you can influence (ok bribe) either
Former right wing loon, who has wiped the sleep from his eyes now has a rational approach to software ‘patents” too…
The problem of excessive patent protection is at present best illustrated by the software industry. This is a progressive, dynamic industry rife with invention. But the conditions that make patent protection essential in the pharmaceutical industry are absent. Nowadays most software innovation is incremental, created by teams of software engineers at modest cost, and also ephemeral—most software inventions are quickly superseded. … The most serious problem with copyright law is the length of copyright protection, which for most works is now from the creation of the work to 70 years after the author’s death. Apart from the fact that the present value of income received so far in the future is negligible, obtaining copyright licenses on very old works is difficult because not only is the author in all likelihood dead, but his heirs or other owners of the copyright may be difficult or even impossible to identify or find. The copyright term should be shorter.”
http://www.becker-posner-blog.com/2012/09/do-patent-and-copyright-law-restrict-competition-and-creativity-excessively-posner.html
So was Massachusetts the number one in education BEFORE you got there Romney? So what value did you add?
You’re falling for this half-truth nonsense. You’re brains have been splattered by the WSJ pinion page.