My afternoon train reads:

• Black Friday: Crowds grow, but sales are a question (CNNMoney) see also Here’s The Excuse For Why Black Friday Sales Were DOWN Nearly 2% This Year (Business Insider)
Investing’s Best Contradictory Cliches: Good luck with that. (The Reformed Broker)
• Why I Agree With (Some of) Friedrich Hayek (George Soros) see also Global economic woes prompt soul-searching on capitalism (The Guardian)
• Planning for China’s ‘Fall’ (The Diplomat)
• Why We Can’t Take Inflation Hawks Seriously (Tim Duy’s Fed Watch)
So much for the skills gap! Skills Don’t Pay the Bills (NYT)
• Hewlett Packard and Autonomy: notes from my Santangels presentation (Bronte Capital)
• On Hedge Funds (The Aleph Blog)
• 10 Things Facebook Has Taught Me (Thought Catalog)
• Photos: Sandy’s Epic Devastation (Weather.com)

What are you reading?

 

Deadline Looms for Long-Term Unemployed

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.

12 Responses to “10 Monday PM Reads”

  1. spencer says:

    It’s Tim, not Tom Duy.

  2. You just cant get good help these days! I’ll fix above

  3. rd says:

    A few comments re Skills Gap

    Many of the manufacturers want people to show up with the skills but be paid at entry level wages. Many of the people with the skills already have jobs and aren’t looking to take a cut in pay. However, by treating the workers that they do train as disposable cogs, they have reduced the likelihood that the emplyees that they do train will stick around for a long time. I know several manufacturing firms that pay well, train staff, and treat them as human beings so they have a well-trained work force with a fair degree of loyalty.

    On the education isse, if the students are good at science and math then they can go to university and become scientists and engineers with pay starting at $20/hr or more. The manufacturers should be sitting down with their local school boards to go over the education requirements for graduation. It takes some work to get the average high school student to take hard courses if they don’t see a science or math college future in front of them.

  4. VennData says:

    Suh not suspended for kicking a guy in the groin on Thanksgiving Day on National television.

    http://espn.go.com/nfl/story/_/id/8680374/ndamukong-suh-detroit-lions-not-suspended-thanksgiving-groin-kick

    Ridiculous. He should be banned. Let his start trying to get back into the league over the next few years. Jared Allen, the same. Banned.

  5. VennData says:

    What’s the GOP message if the economy booms?

    “…For too long, the Republicans have predicted apocalypse, debt crisis, the loss of freedom, the overthrow of the constitution. As the economy improves, that doom-saying will seem even more out of touch than ever. Republican political chances will depend on the Republican ability to devise a positive program to address the country’s fiscal problems in ways that improve people’s lives. It’s a new day, guys, and it demands a new game…”

    http://www.cnn.com/2012/11/26/opinion/frum-gop-prosperity/index.html

    Since this is unpalatable, they will simply filibuster the “Fiscal Cliff” negotiations like they did last time and let us go over. Let tax rates rise on all income over $250k while everyone (even the rich) who would have kept their tax cuts for their income under $250K.

    Of course, they will look really really bad if that happens. I mean really, really really bad. And then you’d have the midterms. C’ya GOP. Got all your holiday shopping done?

  6. VennData says:

    Mortgage Interest Deduction, Once a Sacred Cow, Is Under Scrutiny

    I think we should definitely eliminate this instead of raising taxes on the rich an iota. Stop all that Medicare crap and sell the Library of Congress to the highest bidder before any taxes get raised on the uber-wealthy. We should get rid of the FBI and the Secret Service, that’ll get Obama to stop taking our guns and get his own gun.

    http://dealbook.nytimes.com/2012/11/26/mortgage-interest-deduction-once-a-sacred-cow-is-seen-as-vulnerable/

  7. S Brennan says:

    “if the students are good at science and math then they can go to university and become scientists and engineers with pay starting at $20/hr or more.”

    This sounds about right…assuming they in the top half of their respective US engineering school and the top 3-1% of their US high school…who wouldn’t want to work harder than those around them and yet get paid 40,000.00 USD when median household income in the USA is ~48,000.00 USD. Jeepers, that sounds fair enough…huh?

    FYI, in the early 1900′s doctors and degreed engineers earnings were at parity…but since penicillin, doctors have a much higher value. Go read the comments in that article. In Europe, Engineers get about 70-80,000 a year for average work and free education, European doctors about 100,000.00. both also get some semblance of security and are not forced out at forty years of age.

    If the New York Times of today were writing an article about slavery in 1850 in might have a headline like this:

    “WHIPPING OF SLAVES…BAD…OR THE USA’s COMPETITIVE EDGE?”

    The article might go on to describe that in the global market the competitive edge goes to those who whip the hardest…Oh..BTW, over 100 seamstresses were killed in a factory fire in Bangladesh…yawn.

  8. Mcox023 says:

    For you history buffs out there:

    http://www.theatlantic.com/politics/archive/2012/11/what-the-war-of-1812-can-teach-us-about-the-fiscal-cliff-debate/265488/

    “What the War of 1812 Can Teach Us About the Fiscal-Cliff Debate” by PIETRO S. NIVOLA

  9. VennData says:

    The War on Men

    “…All the articles and books (and television programs, for that matter) put women front and center…”

    http://www.foxnews.com/opinion/2012/11/24/war-on-men/

    What a substantive article. So data-based.

    Let me say this Murdoch-Stooge-broad: Skyfall.

    Also, Last Thursday the Liberal Media gave us three football games, then three more Sunday and one tonight. Not sure you’re really looking.

  10. 4whatitsworth says:

    INTRADE: US Residents Should Begin Closing Down Their Accounts Immediately
    http://www.intrade.com/news/id/782

    $3.4B Indian lawsuit ends, disbursements to begin
    http://www.boston.com/news/nation/2012/11/26/indian-lawsuit-ends-disbursements-begin/E7jCen8jZcB6KOz8M46a1N/story.html

  11. gkm says:

    You have to know where to look for the canary in the coal mine. Remember that the indicator of the 2008 collapse was the TED spread. If the indicator wasn’t subtle and out of the public eye, then a bubble would not likely develop.

    Why would you look at bond yields and say that is reflective of anything? It’s obvious. There’s another indicator that is saying there is a very marked disconnect between reality and perceived reality as Soros might say. Somebody gonna getta hurt real bad.

  12. ironman says:

    Where is all that money to pay out special dividends before the end of the year coming from? Racing to Beat the Clock on the Dividend Cliff!