Are you back at work? Sorry. see if these help:

• Don’t look to Black Friday for clues to the market (Globe & Mail)
• Banned on Wall St: Facebook, Twitter and Gmail (Dealbook)
• Why Black Friday Is a Behavioral Economist’s Nightmare (NY Mag) see also Black Friday ‘Doorbusters’ Don’t Always Hold Up (WSJ)
• Is austerity about to hit the EU? (Economist)
• Thanksgiving by the numbers (CNN)
• Floyd Norris: Tax Reform Might Start With a Look Back to ’86 (NYT)
Like Minority Report! How technology opens the door for personalised pricing (BBC)
• Task force says global shadow banking hits $67 trillion (Reuters) see also Five Steps to Fix Shadow Banking (Bloomberg Businessweek)
• 29 More Rules for Thanksgiving Touch Football (WSJ)
• The Top 75 ‘Pictures of the Day’ for 2012 (Twisted Sifter)

What are you reading?


Boom and bust: Biggest annual rates of growth and contraction since 1980

Source: Economist

Category: Markets

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.

13 Responses to “10 Black Friday AM Reads”

  1. Mike in Nola says:

    Am listening to a week-old podcast about the departure of Sinofsky from MSFT on GFQ network that has a good variety of tech podcasts. Andrew Zarian does some good shows although they do tend to ramble. This one has some juicy gossip about what a jerk Sinofsky was and an interesting tidbit about how he actually held MSFT back in the tablet market.

    The tidbit on the tablets was that the guys who came up with Windows Phone and whose interface The Woz has highly praised went to Sinofsky a couple of years ago about putting it on a tablet that likely would have been superior to iPad. It was already fast and fluid, but Sinfofsky canned it because it wasn’t invented by his division. It didn’t stop him from stealing the interface. I suspect that he also delayed the phone software itself because he insisted on a rewrite of the whole phone operating system to make it more compatible with Win8 and so it now has some loose ends. He also kept the SDK for the phone secret up until Windows Phone 8 was released a month ago resulting in a lack of Windows Phone 8 specific apps. You can still use the Windows 7 apps, but you don’t get the new features.

  2. Mike in H-town, ‘

    have you been following/keeping-up with the ‘Windows Phone’-roll-out?

    esp, through the lens of NOK (??)

  3. streeteye says:

    An analyst looks at the history of Autonomy

    “We have a black box which revolves around Bayesian Inference and Shannon’s Information Theory. It searches stuff”….The funny thing was that the pitch never changed, right from when I first came across Autonomy in 2000 to when it was finally taken out.

    Lessons: the danger of shorting even bad companies…HP are a bunch of lemons.

  4. Mike in Nola says:

    Have you looked at any of the new Windows Phones? What did you like?

    The rollout of WP8 seems to be going pretty well. Widespread reports of models being sold out, although whether that’s demand or constrained supply is unknown. Andrew Zarian on that podcast I mentioned above said he knew 5 people who had gotten them who never would have before.

    I’ve been nursing my old phone along until I could see reviews of the various models. I expect I’ll go look in person next week. It is claimed that the Windows Stores have all the competitors on display. If true, it might make a trip to Galleria less unpalatable. One problem with online reviews is that the reviewers attitudes are colored by previous experience and comfort with an OS. A week’s use probably doesn’t give enough time for that comfort level. Longtime iPhone users will never find anything superior to an iPhone except a new iPhone. A girl doing video reviews on CNET was calling the live tiles widgets, giving away that she’s an Android user.

    I was lusting after the Nokia 920 which would mean switching to ATT but our Verizon signal at the house sucks pretty bad anyway. It is a honking big phone but the screen is supposed to be very nice. It is also supposed to be pretty durable. It’s even a bit bigger than my old HTC Touch Pro2 that has a built in keyboard. Since I’ve lost a good bit of weight, vanity might prevail and I won’t want a phone that big :)

    Paul Thurrott really likes the HTC 8x which is available on all but Sprint. Much thinner and lighter with a nice hi-res screen also.

    One I hadn’t even considered because the screen is only 800 X 400 was the Nokia 820 (ATT)/822 (VZW). However, comments indicate that it doesn’t make that much difference in real world use. It is expandable, with both a removable battery and an SD slot allowing you to have up to 72GB of memory.

    Samsung has their usual big screen slab coming out but no one knows when or where.
    The 810 over on T Mobile looks thoroughly forgettable.


    BR: David Pogue loved the Windows phone, but it appears the Rollout of Windows 8 for desktop is not going well:

    • Microsoft has failed: Their actions erase any lingering doubt (Semiaccurate)
    • Windows 8 — Disappointing Usability for Both Novice and Power Users (
    • Why Windows 8 Made Me Sell MSFT (Institutional Investor)
    • Exclusive: Internal Videos Show Why the Microsoft Kin Cratered (Wired)
    • This Survey Is Devastating For Microsoft: 42% Of Windows Users Plan To Switch To Apple (Business Insider)
    • U.S. consumers hesitant to make switch to Windows 8 (USA Today)

  5. HowardA says:

    Here’s some very good (underreported) news. Debka: Obama’s pledge of US troops to Sinai next week won Israel’s nod for ceasefire

    If true, the reason Netenyahu accepted the ceasefire is that Obama agreed to deploy U.S. troops in northern Sinai to ensure that Hamas couldn’t smuggle rockets into Gaza via Iran. Could this finally lead to a peace agreement? That would create quite a legacy for Obama.

  6. Jojo says:

    Whee. We need more major fires & storms…
    Sandy Seen Boosting U.S. With as Much as $240 Billion Rebuilding
    By Jeff Kearns, Susanna Pak and Noah Buhayar – 2012-11-23T05:00:00Z

    John Cataneo is working his 20 employees overtime and still can’t keep up with demand from customers who need plumbing repaired after superstorm Sandy. He says he’s hired two new workers and may need more.

    “We’re just not getting to some people that are asking for help,” said Cataneo, co-owner of Gateway Plumbing & Heating in Manhattan. “But we’re doing the best we can.”

    Cataneo’s experience shows how the storm is giving the U.S. Northeast — and the rest of the country — an economic boost that may eventually surpass the loss of business it caused. Reconstruction and related purchases and hiring may range from $140 billion to $240 billion and increase U.S. economic growth by 0.5 percentage point next year, assuming $50 billion in losses, according to Economic Outlook Group LLC, a Princeton, New Jersey-based forecasting firm.

    “Construction costs to rebuild all that was lost will be more than simply replacement because a lot of the work will also involve fortifying structures,” said Bernard Baumohl, chief global economist at Economic Outlook. “We’ll see construction ramped up, and that’s going to bring in jobs and an increase in demand for material of all sorts, and that’s going to further stimulate the economy.”

    Estimates of insured damage caused by Sandy range from $7 billion to $25 billion. When lost wages and sales are added, the total comes to $50 billion, according to Oakland, California-based catastrophe risk modeler Equecat Inc. — a figure that may be recouped next year as repair and reconstruction efforts spur new building and sales of household goods.

  7. [...] at The Big Picture. He does a list of articles he’s read that morning, like this one: 10 Black Friday AM Reads. He’s a finance/econ blogger, so most of his stuff is related to finance and economics. But [...]

  8. DeDude says:

    Krugman is raising a very important question to those advocating fear of the bond vigilantes.

    In a country that print its own fiat currency, borrows in that currency, and have free exchange rates with the rest of the world – how could the bond vigilantes actually win? If the vigilantes hand in their “bond” paper you give them back freshly printed “money” paper; so what (except for a little green ink) has been lost? In response, the exchange rates change to make the country much more competitive and able to sell for export, how is that harmful? Inflation is increased, leading to a lower debt level as a % of GDP; not the end of the country, is it?

    Don’t get me wrong I am not saying that there are no losers under that scenario. It is just that in the fight between bond vigilantes and government the government is not going to lose. Government has the option of exchanging pieces of paper called treasuries for pieces of paper called dollar bills, since it has monopoly and the right to print both.

  9. Arequipa01 says:

    The Onion strikes way south of the border in Llamaland. A leading newspaper in Lima, of a distinctly rightward slant [I have not been able to confirm that its editor Aldo Mariategui has a life-size rubber doll of Benito Mussolini, but I'm sure something will turn up], published an article it lifted from The Onion- o sea La Cebolla, manyas?

    No radar for satire down here…

  10. Mike, ( y BR)

    yes, I’ve been ‘hearing’ the same/similar thing(-s)..

    though, re: Windows Phone, and the 920, personally, I wouldn’t worry about ‘size’, and, definitely, go check one out (for myself..)

    also, I tend to think that the whole /Phone/size/-thing has been ‘over-cooked’, especially, to the detriment of /functionality/..

    sort of like..~”hey, How did you get that ‘Air’ so Light, and Thin?” … “yeah, isn’t it Grrreat! & if you want an Optical Drive, we have a great deal on the External dongle-version!” (??) (How 20thC.) ..

    or, in ‘Phone-land’, ~”you’d like a USB Port?, an SD Slot?” … “dude, the ‘Genius’, just, told me that that can be , totally, Done — through a ‘Dock’, off the way New ‘Lightning’ Port/Cable..”

    sounds like, more of, “External dongle-version”..

    LSS: certain functionality requires a minimum ‘Footprint’ (..and, yes, not Sasquatch’s) ~

    If had to wager, you’d like the 920.. but, it’ll be your Phone, the EZ-est way to fond out is ‘to put one ‘under hoof”..~

  11. Mike,

    also, these ‘cats’ .. do a Good Job on ‘things’ “Software Programmable Radio”, and the such..~

  12. Mike in Nola says:


    I actually have gsmarena in my rss feeds, but I have more than a dozen others so I miss a lot of stuff. Many are duplicative. I should cut some out.

    Phonearena has a nice size comparison tool that allows you to do four phones at a time:

    I put my current HTC Touch Pro 2 in there and it was the smallest of the bunch in surface are, but it is the thickest. Weight almost the same as the 920, s0 I probably wouldn’t notice it.

  13. Mike in Nola says:


    surprised by Pogue’s review. He generally hasn’t been kind to MSFT. Actually, there is a voice to text feature, you just have to turn it on. I haven’t had the chance to try it. Joe Belfiore demoed it during the summer, I believe. Certainly not Siri. Actually, my 3 year old WinMobile device has basic voice commands and reads email and text messages, although it can get rather annoying.
    The instruction for turning voice on on WP8 are here.
    That it is not preconfigured is typical MSFT.

    On the Win8 rollout, I think it’s still too soon to tell. It’ certainly not 95. A lot of the articlea seem to be part of an echo chamber on the blogosphere, e.g the last two articles you linked above were based on the Avast survey which it put out with a lot of caveats and was pretty well debunked here:

    And the guy from said the same thing about the ipad two years ago. I put the link in a comment yesterday, I believe.

    I think Peter Bright from Ars Technica had the best assessment: not enough evidence yet.