My morning reads:

• 50 Unfortunate Truths About Investing (The Motley Fool)
• Marx would have been proud of bankers (FT Alphaville)
• In a Switch, Investors Are Buying European Bank Bonds (DealBook)
• Less money, mo’ problems: What China, the U.S., and Europe have in common (Washington Post) see also Sheila Bair Says We’re Headed for Another Crisis (The Atlantic)
• Generation Exceptional: The 2012 Rising Stars of Wall Street Research (Institutional Investor)
• Sweet (Debt) Forgiveness (Boston Review)
• Google Preps Maps App for Apple iPhones (WSJ) see also Why Cell Phones Went Dead After Hurricane Sandy (Bloomberg)
• The New Algorithm of Web Marketing (NYT)
• G.O.P. Governors Meet, Amid Whispers of 2016 (NYT) see also The Real Problem with the Demented Republican Party (Esquire)
A brutal new tumblr: Hello There, Racists! (Tumblr)

What are you reading?


Global business barometer

Source: The 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.

14 Responses to “10 Friday AM Reads”

  1. mathman says:

    regarding Frankenstorm Sandy, ya might wanna give this a listen while you’re going about your browsing

  2. acme says:

    Man, I am sorry I looked at the racist tumbler thing. How sad and depressing that these people are just kids, yet already so ruined.

  3. sureseam says:

    What am I reading?

    Well, you guys had your electoral silly season a couple of weeks ago.

    Here we had a local election yesterday. Corby was a steel town and now isn’t.

    (Our Member of Parliament resigned to spend more time with her family in New York).

    Was just reconciling myself to the grey blandness of the candidates when I came across Mr Mozzarella of the “Don’t Cook Party”

    His Party Political Broadcast is the best I have seen in years:

    Even electioneering in the style of Felix Baumgartner:

    The connection to investment and economics is tenuous but it’ll brighten your morning.

  4. rd says:

    The GOP leadership have been claiming that the poor people got “gifts” and are “takers” from government. Are there bigger gifts out there than the carried interest privilege for performance fees, 15% capital gains and dividends tax rates, various agricultural subsidies and tax credits, tax code provisions for trust funds and other tax shelters, and very low cost energy and mining rights on federal lands?

    When the total federal tax burden for a multi-millionaire running from President is less than 15% of his income that is not already tax-sheltered and he is complaining that others are milking the system, then we have a major problem.

  5. theexpertisin says:


    I agree with the thrust of your remarks.

    It reminds me of a description of Chicago budget allocations by the late Mike Royko, an investigative journalist without peer in Chicago for many years. The line was all encompassing for those who lived off government largesse or peddled influence in the Windy City.

    “Where’s mine?”…….

  6. streeteye says:

    Mauboussin – luck v. skill

    Twinkies and Wonder Bread maker to liquidate – Longer read on Hostess, from July

    As if Romney never made a pledge to give away stuff or his whole campaign wasn’t based on cynical half-truths

  7. Christopher says:

    “A brutal new tumblr: Hello There, Racists! (Tumblr)”

    Who would of thought….

    Social media does have some redeeming qualities to it.

  8. “…The GOP leadership have been claiming that the poor people got “gifts” and are “takers” from government…”

  9. formerlawyer says:

    Not sure talked about here -the comments are interesting if just a rehash.

    Zombie ideas – rising life expectancy is generally connected to declining infant mortality not “living longer”.

  10. JimRino says:

    Yes, the Fiscal “Cliff” is actually Fiscal Salvation.
    Especially if you’ve been screaming about the Federal Debt for 4 years.
    You’d think if Republicans really thought the debt was a problem, they’d be pushing for the Fiscal Salvation.
    It’s all bull s***, politics.

  11. Jojo says:

    Move off the damm beach fools!
    Op-Ed Contributor
    We Need to Retreat From the Beach
    Published: November 14, 2012

    Durham, N.C.

    AS ocean waters warm, the Northeast is likely to face more Sandy-like storms. And as sea levels continue to rise, the surges of these future storms will be higher and even more deadly. We can’t stop these powerful storms. But we can reduce the deaths and damage they cause.

    Hurricane Sandy’s immense power, which destroyed or damaged thousands of homes, actually pushed the footprints of the barrier islands along the South Shore of Long Island and the Jersey Shore landward as the storm carried precious beach sand out to deep waters or swept it across the islands. This process of barrier-island migration toward the mainland has gone on for 10,000 years.

    Yet there is already a push to rebuild homes close to the beach and bring back the shorelines to where they were. The federal government encourages this: there will be billions available to replace roads, pipelines and other infrastructure and to clean up storm debris, provide security and emergency housing. Claims to the National Flood Insurance Program could reach $7 billion. And the Army Corps of Engineers will be ready to mobilize its sand-pumping dredges, dump trucks and bulldozers to rebuild beaches washed away time and again.

    But this “let’s come back stronger and better” attitude, though empowering, is the wrong approach to the increasing hazard of living close to the rising sea. Disaster will strike again. We should not simply replace all lost property and infrastructure. Instead, we need to take account of rising sea levels, intensifying storms and continuing shoreline erosion.

  12. willid3 says:

    while we can gripe that folks shouldn’t live on the beach , they also shouldn’t live near a river (almost any) or where tornadoes happen, or earthquakes. but the oddest and most expensive is hail.
    but then if you avoid all places that have any of the above,

    you have to be living under ground

    and who wants to do that?
    and would any of us really want to be told we had to move from where we lived because of

  13. Jojo says:

    @willid3 – That’s a nonsense retort so reminiscent of the internet.

    You can’t tell where an earthquake is going to happen, you can’t tell where hail is going to strike nor where a tornado will appear but given global warming, you CAN count on the seas rising and beach areas/houses/constructs getting inundated and perhaps washed away with every storm.

    Who should pay to repair that damage after each storm? That is the open question.

  14. DiggidyDan says:

    Drunk Woman Reviews her first experience with Windows 8 in real-time video. . . Some NSFW language in the video: