My morning reads:

• 2013 S&P 500: Analysts Predict How High It Will Go (Minyanville) see also Stock Buybacks Expected to Increase (NYT)
David Rosenberg: Why Carney is the Wayne Gretzky of Canadian finance (The Globe and Mail)
• California Finds Economic Gloom Starting to Lift (NYT) but see ECRI Weekly Leading Index: Index Rises, Growth Diminishes (advisorperspectives)
• Milton Friedman’s Distortions (Unlearning Economics)
• American Housing Casino Revives After Big Drop: Mortgages (Bloomberg) see also Housing’s recovery looks real, but road back is still long (USA Today)
• Why Finland’s Unorthodox Education System Is The Best In The World (Business Insider)
• Gas tanker Ob River attempts first winter Arctic crossing (BBC)
• Soaring iPhone 5 sales in US knock Android into second place (KantarWorldPanel) see also Enterprises buying iPhones ‘in droves’: Here’s the tipping point (ZDNet)
• The folly of making political prediction markets like Intrade illegal (Reuters)
• 100 Notable Books of 2012 (NYT)

What are you reading?


Myspace grows 1% as Facebook falls double digits 10%

Source: The Orange County Register

Category: Financial Press

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10 Responses to “10 Mid-Week AM Reads”

  1. Robert M says:

    Having read Rosenberg’s column’s in the past, I was very surprised to find him so sanguine about Carney. As a counter point naked capitalism’s take;

  2. VennData says:

    California Finds Economic Gloom Starting to Lift

    Reagan’s Governorship did this, in spite of the liberals running California, America, the tech industry and Hollywood. Further tax cuts for the rich will insure strong growth and prosperity for them.

    – Jack Welch

  3. VennData says:

    Can a Jellyfish Unlock the Secret of Immortality?

    “…This finding appeared to debunk the most fundamental law of the natural world — you are born, and then you die…”

    “No death? Yeah what about taxes? You can be sure the Chicago guys will find a way to tax it. And to insure more job creation, the rich should get the first crack at this immortality stuff. Imagine what that will do to your present value calculations.”

    – Jack Welch

    “This will kill the airline industry. If you live forever, eventually you’ll be a crash and die, therefore, losing that immortality. I’ll give five million dollars to the first guy that proves already planning to bail them out.”

    – Donald Trump

    “This will ruin Medicare as bad as Obamacare did.”

    – Paul Ryan

    “OK. You can raise estate taxes”

    – Grover Norquist

  4. Bob is still unemployed   says:

    I haven’t been able to read TBP too much lately, so I hope this has not been mentioned already.

    Here are some pictures of Verizon’s communications vault that was flooded by Sandy.

  5. Lukey says:

    And the “good” employment news on California’s economy is that unemployment is down from a year ago, although actual jobs are relatively flat over that period (and actually down from last spring). That, and (apparently) the prospect of new revenues from increased taxes on the rich to stanch the red ink in Sacremento. So people dropping out of the workforce and projected revenues that likely won’t materialize is what passes for reason to celebrate a resurgence in California’s economy. Count me skeptical…

  6. James Cameron says:

    > Myspace grows as Facebook slows

    Well, as the story points out for Facebook, “The data from comScore counts only U.S. visitors from desktop devices,” so the conclusion above is just a little suspect. Aside from the completeness of the underlying data, it would have been more interesting to see Google+ included.

  7. NoKidding says:

    Why Finland’s Unorthodox Education System Is The Best In The World :

    “The rankings combined international test results… ”

    Now please compare those test results to the test results of ethnic Finns educated in other nations.

  8. overanout says:

    Housing Casino Revives: The old saying that the best prospects for new whole life insurance policies are folks that have one already, seems to apply to housing as those that overpaid and defaulted look to hook up with a new mortgage thinking its now or never….

  9. VennData says:

    South Carolina Republican Scott Cole will vote against a bill to keep 98% of American’s at their current tax rate.

    So you Republican voters thought you were going to get low taxes. Well the GOP doesn’t want you to.

  10. ceedud says:

    Love the NYT reading list; three books on the Obamas, none of them Woodward’s, despite it’s timeliness.
    NYT Bias?