Archive for January, 2013

Ferrari 275 GTB/4

Gorgeous car:

• 0-100mph in under
• 15 seconds
• 91.3bhp/litre from a race-derived
• 3286cc V12 with four cams
• 165mph top speed

Pretty slick for 1966


Source: Classic Driver

Category: Weekend

NFP: 20 Years of Net Job Creation

click for larger chart Source: JP Morgan Funds   On NFP day, I usually present you with my usual schtick as to why each month’s data point is much less important than is made out. Rather than repeat that yaddayaddayadda again this month, let’s look at the really long term 20 year chart above. A…Read More

Category: Data Analysis, Employment

Labor-Market Polarization Over the Business Cycle

Category: Think Tank

Discuss: Barack Obama is a Liberal Republican

I have been having fun mocking friends and family on both sides of the political aisle.  GOP colleagues who keep telling me BHO is a Socialist, while Dems think he is the next JFK. I enjoy disabusing them of their political biases by explaining to them Barack Obama’s actual politics. Politically, he is a modern…Read More

Category: Current Affairs, Philosophy, Politics

The Taxpayer Relief Act-a misnomer to celebrate the swearing in of the new Congress. David R. Kotok Cumberland Investments, January 3, 2013   “OMB head Jeff Zients complains that the CBO analysis is not realistic. In OMB’s view, we were not really going to go over the ‘cliff.’ Zients points out that the ‘Act’ actually…Read More

Category: Think Tank

10 Thursday PM Reads

My afternoon train reads: • The four business gangs that run the US (Sydney Morning Herald) • Bill Gross: Money for Nothin’ Writing Checks for Free (PIMCO) • Untangling Skill and Luck in Business, Sports, and Investing (Farnam Street) see also Foul shooting and luck (Sabermetric Research) • The Fall and Rise of the West…Read More

Category: Financial Press

2013 US Market Structure Predictions

Themis Trading’s 2013 US Market Structure Predictions: Yes friends, it is that time of the year. It is the time when we start anew, carefully analyze market structure trends in the US equity markets, and release our predictions for what you can expect to happen this coming year in our capital-raising marketplace. This is not…Read More

Category: Trading

S&P 500 Index at Inflection Point

Dr. David P. Kelly of JP Morgan Asset Management quarterly deck is out. Its a regular favorite of mine, laden as it is with great charts that look at the very long term. You can download the entire 69 page deck here.   click for ginormous chart Source: JP Morgan Funds

Category: Analysts, Data Analysis, Investing, Markets

Better Chinese services data

The South Korean finance ministry announced that it is to spend 72% of its 2013 budget in H1 this year, with 45% in Q1, citing economic uncertainties; Governor Shirakawa seems to be more willing to work with Mr Abe, who has announced that the BoJ must increase its inflation target and ease monetary policy materially….Read More

Category: Think Tank

10 Thursday AM Reads

My morning reads: • Crony Capitalist Blowout (WSJ) see also Some Breaks for Industries Are Retained in Fiscal Deal (NYT) • What’s It Gonna Be, 2013? (NYT) • Defending Jim Cramer (Joe Fahmy) • Tech’s Hot New Market: The Poor (Wired) • Global Rally Is Tinged With Caution (WSJ) see also Stock market will blindside…Read More

Category: Financial Press