What up dawgs?
• The Cult of Uncertainty (Fool) see also So Much Uncertainty, So Little Volatility (Hedge World)
• 2008 Investment Guides Are HILARIOUS (TBP)
• Claudio Borio on the financial cycle (Free Exchange)
• A major change in Bernanke’s policy reaction function (Gavyn Davies) see also The Omnipotent Fed idea (Noahpinion)
• Fracking’s Future (Harvard Magazine)
• iPhone 5 Sets China Record With 2 Million Sales in Three Days (Bloomberg) see also The iPad mini is the best tablet (The Wirecutter)
• Dan Gross: GOP Leaders Finally Ready to Cave on Taxing the Rich (The Daily Beast)
• How Accurate Are Your Pet Pundits? (Project-Syndicate)
• Building a Better Truth Machine (Slate)
• Insurance Industry Paying Increasing Attention to Climate Change (Science Daily)
Whats on you iPad?
Cliff? What Cliff? Investors snap up stocks even as DC inches closer to sequestration
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.
on bloomberg nassim talib w assist from McKee
ripped the usually slick roger altman a new one
no finance isnt fixed, its about as “fragile” as before
and yes banker comp is ridiculous and worse than ever
altman was lucky to escape quick
if he had hung around 10 more mins they would have devastated him on an indefensible position
Altman is real smart, and sooo smooth
but like bill gross or others in the business
half the time his self(ish) interest colors his analysis
Bloomberg the tools dont have the good wall st trashing video part up,
as for Boehner caving thats BS
this to me is no news at all heard it from Rudy Penner a mo ago
also heard dems dont do anything or agree on entitlements
so now Boehner spells it out
chain link the social security inflation adjuster
an eminently sensible idea
that according to rudy the new whackjob AARP leadership
has now decided they fight tooth and nail and freeze the Dems.
Boehner realizes something…
http://twitchy.com/2012/12/16/john-boehner-caves-in-on-debt-limit-again/
http://americablog.com/2012/12/boehner-caves-agrees-to-tax-hike-will-obama-say-thank-you.html
…Boehner realizes the “I did this!” guys. All those single individuals, guys on their own, with help from no one out there: ,stout, tough guy, macho men, … Like Rove, Morris, and Prebus… all LOST when they did it by themselves…
http://www.motherjones.com/politics/2012/11/inside-obama-campaign-tech-operation
Well you lost. The team won. They guys working together won. Funny how the GOP was wrong again, wrong about tax cuts creating more tax revenue, wrong that automatic assault guns rights are good for America etc.. etc…
> Dan Gross: GOP Leaders Finally Ready to Cave on Taxing the Rich
“John Boehner reportedly has offered to raise income-tax rates on people who make more than $1 million a year—but if, and only if, Obama agrees to entitlement cuts.”
Which is a far cry from the much larger pool of $250K+ incomes the administration is insisting on. So, it’s highly debatable that the GOP has caved, and certainly this position isn’t nearly enough to make a deal possible assuming the administration sticks to its position.
HSBC “Too Big to Jail” ( The Guardian )
BR, I think the answer to your WaPo questions re: zombie ideas, is partly contained in the “2008 Investment Guides Are HILARIOUS” piece. A: Because the Zombie’s never die.
All these folks are still pumping, and clients are still paying big money for their ideas. I’ll bet Joe Granville and Bob Prechter are still out there somewhere shilling for the cause (assuming they’re still alive), and someone is paying for their opinion, LMAO.
curious if this is financially feasable and even if needed .. can Apple products be bought in China in their currency and shipped here in blackmarket fashion to achieve better markups .. do the Chinese buy equal to us here & elsewhere for their iProducts? some interesting talks going on at the full thread too
So, is it a good idea to negotiate the “Fiscal Cliff” solution and keep the debt limit rule in place?
Look at it this way rich folk, with the way the GOP is heading, they may raise your taxes EVEN more.
End the Debt Ceiling silliness.
re top rates goin back up
reverting on a million plus was exactly what rudy said was on table and informally offered month ago
he says there is leeway to negotiate the cutoff downward
but not all the way to $250K
agree w james above –for me remains exactly as described a mo ago
the Rs are not going to do a top rate reversion fer nuthin
they want spending entitlement and Big O has done squat to lead
on that side of offer?
lot of dems say we won
to hell w Rs give m nuthin, we “won” or we can outwait them
one theory bein because Rs hold most of the stock market
which may puke–they will blink first
but you didnt win the House where all revenue and most spending bill originate
so its basically a bilateral game of chicken-
-which most of my D friends think they can bluff their way to victory and blink last
Ho ho ho over the cliff we go…
as for debt ceiling
Boehner might as well offer it
its republican leverage but a must do eventually–effects by march FAR worse for jobs than the cliff
there is a theory that we go all the way to march
till it is finally seenby Ds
including debt ceiling
how much leverage the Rs still have–as many many Ds do not believe it now
“Insurance Industry Paying Increasing Attention to Climate Change”
No kidding! Giant re-insurer Munich Re has the biggest private database of worldwide catastrophes in the world. They have a whole department of climate scientists, engineers, game theorists, ex-security agency honchos, economists etc. etc.
They’re pretty clear about climate change: If nothing is done to mitigate it fast, insuring anything is going to be painful.
Oh! And their experts have NO doubt about what is driving climate change: It is us and our addiction to fossil fuels.
Remember: This is a huge private corporation that has billions in play on the table. They’re not joking around and have no time for mind games and feel good BS.