Some pre-football, early morning reads for your Sunday pleasure:

• Investor Doomsday? Not Necessarily (NYT) but see also Here’s An Insane Chart Showing Just How Much The Fiscal Cliff Is Being Hyped (Business Insider)
• Europe, Inflation & Export Weakness Matter, too (Marketwatch)
• Stocks Are Oversold (Bespoke) see also VIX Move Is Muted Amid Competing Pressures (MarketBeat)
• Rebalancing: Winning It by Trimming It (WSJ)
• Buffett’s Latest Bargain: Berkshire Hathaway  (Barron’s)
• Innovation Is America’s Key Problem — Not Uncertainty (Slant)
• Stanford-Rooted Companies Would Form World-Sized Economy (BusinessWeek)
• Occupy’s new mission: Forgiving peoples’ debt  (Fortune)
• Top Ohio Republicans Ask Why Party Lost (WSJsee also Demographic Shift Brings New Worry for Republicans (NYT)
• Apple, HTC Settle Patent Dispute, Sign Licensing Pact  (WSJ)

What are you reading?

 

Cracks in Fortress Balance Sheets   

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.

15 Responses to “10 Sunday Reads”

  1. VennData says:

    Gen. David Petraeus: soldier, scholar, statesman, slut.

    http://www.chicagotribune.com/news/chi-david-petraeus-career-20121110,0,1123350.story

    The Tribune’s normally sedate headline writers go bonkers.

    Sam Zell really turned the old gas bag around. Sorry about the zillions he wazted on Rove’z Zuperpac.

  2. VennData says:

    POLITICO: What did you expect Romney to do that he didn’t?

    AXELROD: “I expected him to define himself much earlier. And our biggest fear, frankly, was that in January, February and March, when we didn’t yet have the resources to put up air defenses, that the super PACs would just come boring in and define this race in ways that we couldn’t have recovered from. And I’ll never understand why they hung onto their money until after the Republican candidate was chosen.”

    http://www.politico.com/

    They held on to the money because they didn’t want to spend it. They wanted it to sit there, growing, like it was theirs to pay themselves with for all time. Rove suckered them. But Rove thought he could sucker these angry super rich because he believed it was going to be a cake walk. He was wrong. And the guys giving big money to SuperPacs were wrong, which all proves that the rich are lucky, not smarter. Once again. Period.

    These rich idiots are the laughing stock. They got conned. Why they aren’t asking for Rove to account for the money is beyond me. Adelson, Simmons, the Koch(es) got suckered. And Boehner is going to throw them over…

    http://www.nytimes.com/2012/11/11/us/politics/boehner-tells-house-gop-to-fall-in-line.html

    … for a shot at 2016. But he’s going to have a tough time with this guy…

    http://www.theonion.com/video/after-obama-victory-shrieking-whitehot-sphere-of-p,30284/

  3. VennData says:

    Papa John’s Owner says he will cut employee hours because of Obama care.

    http://www.foxnews.com/us/2012/11/11/ceo-papa-john-says-employees-hours-will-likely-be-cut-due-to-obamacare/

    You cut their hours, you make less. Period. If you go from 40 to 39 hours, Papa John, you think you will make more? Huh? If you go to 35 hours like France? If you don’t make money on that marginal hour, cuting hours will lose you revenue.

    Angry white males venting post-election anger. What a bufoon. Then the Fox article ends with this:

    “…In addition, the Applebee’s family restaurant chain is under public attack, including the threat of boycotts after New York-area franchisee Zane Tankel told Fox Business Network that cost increases related to implementing ObamaCare might result in no expansion or additional hiring. Critics appear to have interpreted Tankel’s comments to mean he will layoff customers as a result of ObamaCare…”

    Where do you say they are under attack? you have the owners comments, where are the attack comments?

    And why tell us what “Critics appear to have interpreted” and show us what the Applebees guy said and show us what the results are, not what “Critics appear to have interpreted.” Fox, your straw-man “news organization” hasn’t learned a thing fro this election. Tell us the face, not your straw man spin nonsense.

    People who but into this twisted assessment of the news are suckers.

    ~~~

    BR: Wait for the Pape John’s boycott.

  4. VennData says:

    Columnist David Frum last week slammed the “conservative entertainment complex” that had “fleeced, exploited and lied to” Republicans, ensuing doom on Election Day.“These people have made politics a theater for identity politics for a segment of America, rather than a way to solve collective problems,” Frum told POLITICO, referring to conservative media commentators. “What is happening now, and it’s disturbing, is that this complex has sold the idea that conservatives are the real majority in America. That claim has been exposed as false. But they are turning on the country and leading their viewers toward alienation and rejection.”

    You mean, make them feel like Democrats?!

    http://www.politico.com/news/stories/1112/83679.html

  5. VennData says:

    Buss coaxing Jackson back to Lakers

    “…When Phil Jackson met with Los Angeles Lakers executive vice president Jim Buss and general manager Mitch Kupchak on Saturday, he asked for travel restrictions, a salary in line with what he previously earned with the Lakers, and significantly more say over basketball decisions, players can circle in the Lotus position during thirty second times outs, and renaming their venue the Staples Ashram…”

    http://espn.go.com/los-angeles/nba/story/_/id/8616281/sources-phil-jackson-meets-los-angeles-lakers-brass

  6. patfla says:

    http://www.zerohedge.com/news/2012-11-11/ron-paul-new-beginning

    I’m not that interested in Ron Paul however I find very interesting the claim that 12 mln less Americans voted in 2012 and 2008. Seems to me, that deserved a p. 1 in the news coverage and I don’t remember seeing it anywhere.

  7. James Cameron says:

    If political pressure led to a known soldier being buried in the Tomb of the Unknowns, it was her family’s determination that “helped us find Michael,” Blassie says. “We had the opportunity to rebury him in Arlington Cemetery, but we wanted to bring him home. Someone gave us a handful of dirt from Arlington, though, and after the service, as we walked past Michael’s new grave, my mom sprinkled it on the lid of his casket.”

    Last soldier buried in Tomb of the Unknowns wasn’t unknown

    http://goo.gl/RYqZA

  8. Jojo says:

    Businessweek
    Politics & Policy
    Obama’s Holding the Cards
    By Joshua Green on November 07, 2012

    At first glance, the results of the 2012 election look like a return to the status quo: President Obama was reelected, Democrats retained the Senate, and Republicans held on to the House. But don’t be fooled. The political dynamic of the next four years will be almost exactly the opposite of the last four.

    Sure, partisan bickering will endure. There will still be Red America and Blue America, Fox News and MSNBC. But with one big difference: During Obama’s first term, and particularly in the last two years, the Republican Party had most of the leverage. The GOP’s willingness to reject stimulus, default on the debt, and sabotage the nation’s credit rating–threats that shook financial markets–often put the White House at the mercy of the opposition.

    In Obama’s second term, leverage will shift to the Democrats on almost every issue of importance. And that shift has already begun.

    http://www.businessweek.com/articles/2012-11-07/obamas-holding-the-cards

    ~~~

    EDITOR: Bad link; I’ll fix + embed

  9. Jojo says:

    Businessweek
    Global Economics
    The Next Four Years: Obama’s Steady, Slo-Mo Recovery
    By Peter Coy on November 06, 2012

    President Barack Obama promises to use his second term to boost the U.S. economy. The opposite is more like it: A strengthening economy will boost the president’s second term. Job growth is poised to continue increasing tax revenue, which will make it easier to shrink the budget deficit while keeping taxes low and preserving essential spending. All this will occur without any magic emanating from the Oval Office. It would have occurred if Mitt Romney had been elected president. “The economy’s operating well below potential, and there’s a lot of room for growth” regardless of who’s in office, says Mark Zandi, chief economist of forecaster Moody’s Analytics (MCO).

    Something could still go wrong, but the median prediction of 37 economists surveyed by Blue Chip Economic Indicators is that during the next four years, economic growth will gather momentum as jobless people go back to work and unused machinery is put back into service. “The self-correcting forces in the economy will prevail,” predicts Ben Herzon, senior economist at Macroeconomic Advisers, a forecasting firm in St. Louis.

    By a range of indicators, the economy is better situated for growth today than it’s been in years. Banks have strengthened their balance sheets. Most households, which borrowed too much during the housing bubble, have pared their debt back to normal levels through a combination of frugality and default. Upper-income households’ balance sheets

    blah, blah, blah

    http://www.businessweek.com/articles/2012-11-06/the-steady-slo-mo-recovery

    ~~~

    Editor: Fixed links

  10. Doug of North Texas says:

    Consumer Metrics Institute – tracking of overall absolute demand and excellent reviews on every GDP report. Demand has been lousy – without job growth pickup with some wage growth, expect more of the same – CMI follows per-capita income growth and it is not pretty.

  11. faulkner says:

    Music and capitalism – both work between chaos and control.

    http://www.guardian.co.uk/music/2012/nov/11/brian-eno-ha-joon-chang

  12. patfla says:

    I would have thought Brian Eno would have gotten that right. Mathematically, chaotic systems are deterministic systems with unpredictable outcomes. I think of mathematical chaos lying between order and randomness. However yes, it’s a very productive area often seen in nature. Total order is stasis; total randomness and there’s no structure in the universe.

    The problem is that common language usage says that chaos and randomness are the same – mathematics has needed to make a distinction.

  13. AnnaLee says:

    “When Republicans Deliberately Sowed a Financial Crisis”

    http://www.bloomberg.com/news/2012-11-09/when-republicans-deliberately-sowed-a-financial-crisis.html

    “… In 1892, a dramatic Democratic victory prompted Republicans to sabotage the economy in order to ruin the incoming administration.

    Then, as now, Republican insiders couldn’t believe that misguided voters had bucked the wise business leaders who backed the Republican incumbent.
    …”