My morning reads:

• Visual History Of The S&P 500 (ETF Database)
Skidelsky: Models Behaving Badly (Project Syndicate)
• Mayan Calendar prediction: December 21 2012 the end of the world? Nonsense, scientists say (ABC Action News)
• Visual History Of The S&P 500 (readwrite social)
• Banks See Biggest Returns Since ’03 as Employees Suffer (Bloomberg)
• The media discovers the ‘chained CPI’ (Columbia Journalism Review)
• Google Maps for iPhone Returns Better Than Ever (All Things D) see also Facebook Prepares to Bring Video Ads to News Feed, Aims for TV Dollars (Ad Age)
• Hack Your Life in One Day: A Beginner’s Guide to Enhanced Productivity (lifehacker)
• Why isn’t Obama demanding corporate welfare cuts? (MarketWatch) see also Why Republicans need to help Obama (Fortune)
• BuzzFeed Best of 2012 (BuzzFeed)

What are you reading?


With Instagram, Facebook Spars With Twitter

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.

17 Responses to “10 MidWeek AM Reads”

  1. RW says:

    Are you really a chart expert?

    Good luck in tracking stock prices versus the surprise index. …If the Citi index showed that there were disappointments, that would be the end of the story. The perma-bear site would simply report that the macro conditions were bad.

    Since results have been beating expectations, and you are selling snakewater, there is a problem. Solution? If you do enough data mining you can find a time period where beating expectations was actually bearish… Black is white. Bad is good.

  2. Bob is still unemployed   says:

    Is Microsoft becoming irrelevant in the consumer marketspace, going from 97 percent share of the computing devices to about 20 percent share? Goldman Sachs seems to think so?

  3. for those pasta aficionados out there- something to consider: are you addicted to wheat?

    a couple slices of pizza or pastrami on rye from time to time gotta be ok? No?

    Guess I’ll just have to live with my addiction then :-)!

  4. Julia Chestnut says:

    A bunch of idiots on my FB feed are putting up this stupid thing that reads “If the mayans were so good at predictions, there would still be mayans.” And I think “Never been to Guatemala, have you?!?” Because there are tons of Mayans – speaking Mayan – throughout Central American and Northern Mexico. And furthermore, this lunacy about the Mayan calendar is completely inaccurate and kind of denigrates the achievements of their culture.

    And I would love to see a massive movement against corporate welfare. A really aggressive one.

  5. Livermore Shimervore says:

    Is All Things Digital to Apple what Fox “News” is to the GOP?

  6. VennData says:

    What honor these PE guys have. they’re going to sell the gun business that provided the gun that killed those little kids.

    Cerberus is going to make a little on the back end of selling the gun to Lanza that killed a couple of dozen little kids. Atta boy PE. You should be happy to be a Limited of theirs, getting a little more return on that Lanza sale.

    They can’t shut it down, no… they are going to sell it, that’s the Republican spirit.

  7. 873450 says:

    UBS fined $1.5bn for Libor rigging

    “Swiss banking giant UBS has agreed to pay $1.5bn (£940m) to US, UK and Swiss regulators for attempting to manipulate the Libor inter-bank lending rate. ”

    UBS will plead to one count of wire fraud. Just about every other paragraph in the article depicts criminality. At least 45 UBS employees were involved in LIBOR manipulation, bribery, collusion, etc.

    CEO Sergio Ermotti’s statement is incredible:
    “We deeply regret this inappropriate and unethical behavior. … No amount of profit is more important than the reputation of this firm, and we are committed to doing business with integrity.”

  8. RW says:

    Three R’s of Narrative Nonfiction

    Data can be an opaque window, resistant to meaning unless it is ‘thickened’ by context, by narrative. This works quite well if you can appropriately answer the question: How do you know that?

  9. VennData says:

    China Orders Banks to Review High-Yield Products

    Two thoughts come to mind:

    One, are much of the Chinese High-yield Wealth management products portfolio are other Chinese High-yield Wealth Management product portfolios?

    One invariably hears from people who want to sound knowledgeable about China that “The Chinese word for ‘crisis’ are the characters ‘danger’ and ‘opportunity.’” When will they learn the Chinese characters for ‘Madoff?”

  10. rd says:

    So will the GOP have the same intense drumbeat to apply the chained CPI to tax brackets etc.?

    Probably not since the wealthy don’t have to substitute when prices go up.

  11. spooz says:

    Bloomberg’s “Banks See Biggest Returns Since ’03 as Employees Suffer” fails to mention that the only thing keeping the banks afloat is ZIRP forever. Risk adverse savers thrown under the bus to keep zombies intact.

    Chris Whalen on ZH:

    “Yet investors are really not prepared mentally or emotionally for a market where the large banks are not delivering double digit revenue and earnings growth, whether organically or via M&A. Most institutional investors, keep in mind, have no idea how the TBTF banks actually make money. So when well-meaning Sell Side analysts predict wondrous stock price appreciation for the Zombie Dance Queens, the proverbial sheep on the Buy Side sing with joy — and rush into the interest rate trap so lovingly constructed by Chairman Bernanke and the Fed. Keep in mind that the corollary of ZIRP is massive interest rate and market risk on the books of all banks. Think trillions of dollars in option adjusted duration risk.”

  12. rd says:

    The earth just shook:

    Grover is handing gold stars for good attendance out to his House and Senate pupils. He has now declared that they have been really trying hard but Boehner’s Plan B which only increases taxes on people making over $1 million in ordinary income is not a tax increase (probably actually a correct statement as they will classify income over $1 million as some other much lower taxed income). However, he didn’t bless Obama’s plan, so presumaly applying the same tax rate to people making over $250k is still a tax increase (presumably because their tax accountants that aren’t as good as the $1 million ones).

  13. Jack Damn says:

    - GM on the road alone.

    The exit strategy is fairly simple. GM plans to buy another 200 million shares from the U.S. Treasury before the end of the year, leaving the Treasury with just 300 million shares it intends to sell into the equities market. No surprises here. This is exactly in line with what President Obama said should happen when the government pumped $49.5 billion into the struggling car maker in 2009. Rescue, recovery, release.

    What was never clear, however, was how much of this the government could recoup from GM, and how much would fall on the backs of taxpayers. The rough calculation, given GM’s current share price, is that taxpayers are on the hook for about $12.6 billion.

    - Two Billion Pixel Photo of Mount Everest

    Click and hold on the photo. Move your mouse around and you can pan the image. Also zoom controls.

  14. RW says:

    Just cuz it’s one of those talking points.

    Ten-country comparison suggests there’s little or no link between video games and gun murders

    @Jack Damn, thanks for the Everest link.