My morning reads:
• Sheila Bair For Treasury Secretary (Forbes)
• US set to become world’s biggest oil producer (FT Alphaville)
• China’s Economic Growth and American Fears (Economix) see also China’s growing copper fetish (FT Alphaville)
• How a $20 tablet from India could blindside PC makers, educate billions and transform computing as we know it (Quartz)
• 1892: When Republicans Deliberately Sowed a Financial Crisis (Bloomberg)
• How Global Warming Made Hurricane Sandy Worse (Climate Central) see also In Poll, Many Link Weather Extremes to Climate Change (NYT)
• U.S. a Hot Spot for Chinese Grad Students (At Work)
• Tea Party Holds Most Seats While Alienating Voters (Bloomberg) see also The Tea Party Is Dead. Long Live the Tea Party. (Mother Jones)
• How Polling Firm PPP Won The Election With Its Hilarious And Infuriating Questions (Business Insider)
• Top 25 Nate Silver Facts (Gizmodo)
What are you reading?
Future Economic Possibilities
Source: Businessweek
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 hope President Obama is not being compare to Cleveland. President Cleveland was the original Ron Paul on policy and character!
Disposable tablets. coming soon to a 7-11 near you
http://qz.com/26244/how-a-20-tablet-from-india-could-finish-off-pc-makers-educate-billions-and-transform-computing-as-we-know-it/
I ran into this interesting article earlier today…
Millionaire migration a myth
Anti-tax advocates argue that millionaires will flee from states that raise taxes on their highest earners. But a study by Stanford and Princeton researchers shows no evidence of millionaire migration in response to recent tax rate changes. Other factors, such as personal and business contacts, seem to weigh more heavily in deciding where to liv
My father, a retired chemist used to go on about this very issue. There are very few substitutes for oil as a lubricant.
http://oilprice.com/Energy/Crude-Oil/Oil-is-too-Precious-to-be-Used-as-Transportation-Fuel.html
That being said, he went on to say that developments in new materials technology was the most likely game changer in the 21′st Century.
http://industrial-innov.lbl.gov/II-materials.html
Artificial skin:
http://www.sciencedaily.com/releases/2012/11/121111153759.htm
Self-repairing concrete:
http://blogs.discovermagazine.com/80beats/2012/11/02/this-self-healing-concrete-repairs-itself-with-bacteria/
Something to think about – what materials does your industry investments use? – Chances are there are scientists working on improving/creating cheaper substitutes – not just in the energy industries.
Fair weather friends . . .
Mitt Romney losing (Facebook) friends by the minute
http://goo.gl/Fd28v
I tabulated a similar rate of about 600 an hour, two days later.
Ryan is right behind. Meanwhile, Obama is . . . adding.
sheila bair for president!
or sheilas choice for Treas paul volcker,
she did not think he was too old
Rudy P just agreed to lunch today
with any luck will have fiscal cliff scenarios in hand by mid aft
and what nonagreement on the top rate hike looks like’
last i heard from the Rs there was no give on this?
not much of a deal gets done
they want temp extension including top rate
the latest argument is that Boehner cant agree on top rate rise before HIS speaker reelection (if ever)
one more reason for Rs to go over the cliff then do something to “cut”rates
the CBO impact forecasts only jGDP 1.7% next year vs 2.0% if cliff and sequester till march
if all year impact still only 1 percentage point on the unemployment rate?
this is wrong
i know how CBO guys model as Global insight supplies their model software, and i personally consulted with them
there is nowhere near enougg practical financial markets impact in their model if any
this is just straight multiplier stuff with even the multiplier probably too low.
5 choices for new treasury secretary?
http://www.bloomberg.com/news/2012-11-11/my-top-five-choices-for-a-new-treasury-secretary.html
On Morning Joe, I’ve been seeing some really good, calm discussions about what happened to the Republicans in the election. Scarborough is a Republican, but not crazy and doesn’t mince words about those who are.
You can go through videos starting the morning after the election when even Al Sharpton sounded reasonable. This morning there was an interview with Huntsman who could have been a strong candidate but wasn’t crazy enough and dropped out. I thought the comments about the alleged conservative media who are making lots of money while screwing up the party were on point.
http://www.msnbc.msn.com/id/3036789/ns/msnbc-morning_joe/#49787381
some things dont really change???
http://baselinescenario.com/2012/11/12/some-things-dont-change/
There is a link within the Gizmodo comments section that links to a YouTube video. It’s a woman playing the piano and singing a song about Nate Silver. It brought a smile to my face.
Xerox – the least understood corporation in America today?
http://thegrahamdisciple.com/post/35504208341/xerox-value-investing-case-study-and-valuation
1892: When Republicans Deliberately Sowed a Financial Crisis :
Thats kind of scary but it can work for the republicans the next election they can take even more states, house and senate seats and they will be well positioned to gain in 2016 if they field non-crazy candidates.
they already have 48% vote, they just need to convince another 5% to vote with them, which will easily happen if they blame the economic problems on the democrats and field non extreme candidates. Seems like a lose-lose position for democrats? Anybody thinks otherwise?
On another thought they can easily win elections for next 10 years if they support immigration because then religious conservative latinos will vote for them?
So the scary plan by the republicans will be to obstruct and make the economy suffer and then help in implementing immigration reform?
Japanese economy contracted the past 3 months, possibly headed into recession with uncommon current account deficit:
http://finance.yahoo.com/news/japan-tiptoes-toward-recession-071514113.html
http://e.nikkei.com/e/fr/tnks/Nni20121108D08SS372.htm
Michael Pettis has done a great job arguing that Chinese copper stockpiles have been too large for too long, and that prices will drop further:
http://www.mpettis.com/2011/05/25/looking-for-debt/
http://www.mpettis.com/
http://www.mpettis.com/2012/09/16/by-2015-hard-commodity-prices-will-have-collapsed/
hey wasn’t it so much fun when the finance and others tanked the world economy? dont we need to do that again???
see here
http://www.nakedcapitalism.com/2012/11/another-lame-duck-session-horrorshow-the-first-lets-kill-all-the-regulators-bill.html
All teapublicans run bundes in localities. They can be beaten.
What if someday teapublicans are as endangered as teachers’ unions?
Organization needed.
Every Monday the NY Times has a round-up of business related links (typically around 100) under this heading. Worth adding to your RSS feeds.
———-
You’re the Boss – The Art of Running a Small Business
November 12, 2012
This Week in Small Business: Now What?
By GENE MARKS
http://boss.blogs.nytimes.com/2012/11/12/this-week-in-small-business-now-what/
Rocket ships & space travel explained in simple terms (for Congress?)
http://xkcd.com/1133/
A subject which has certainly been discussed on BP . . .
“Social media has made it easier to self-select,” added 45-year-old GOP strategist Bruce Haynes. “Who do you follow on Twitter, who do you friend on Facebook? Do they all look the same and say the same things? If so, you’ve created a universe for yourself that is wedded to its own self-fulfilling prophecies.”
The GOP’s media cocoon
http://goo.gl/k3mtT
Japan’s economy shrinks
http://www.ft.com/intl/cms/s/0/99932460-2c5c-11e2-a91d-00144feabdc0.html#axzz2BxXoyv2m
return of robin hood?
http://tucsoncitizen.com/baja-democrats/2012/11/11/take-from-the-poor-give-to-the-rich-a-culture-of-greed/
Bair for TS; what a great idea!!