Archive for January, 2013

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 investors in 2013 (MarketWatch)
• Why the predictability of wealthy white people is Good News (The Reformed Broker)
• Are We All Being Fooled by Big Data? (LinkedIn)
• U.S. Internet Users Pay More for Slower Service (Bloomberg)
• 12 Unbelievably Awful Things Fox News Did This Year (AlterNet)
• Oldest Man Turning 115 Can Thank Lottery Win-Like Genes (Bloomberg)

What are you reading?


Risk Seen in Some Mortgage Bonds

Source: WSJ

Category: Financial Press

Investment in a Time of Dysfunction

Investment in a Time of Dysfunction By Satyajit Das     Mad Mad World… In 2012, despite slowing growth, deepening sovereign debt problems and lack lustre earnings, equity markets advanced strongly. In 2012, the MSCI All-Country World Index of equities increased 16.9% in 2012 including dividends. 23 out of 24 benchmark indexes in developed markets…Read More

Category: Investing, Think Tank

The Story of ‘Keep Calm and Carry On’

A short film that tells the story behind the ‘Keep Calm and Carry On’ poster. Its origins at the beginning of WWII and its rediscovery in a bookshop in England in 2000, becoming one of the iconic images of the 21st century. Film, music, script and narration by Temujin Doran. Uploaded on Feb 28, 2012…Read More

Category: Weekend

Big Banks Are “Black Boxes,” Disclosure is “Woeful”

“The banks should give a full, fair, and accurate account of their financial positions and they are failing that test.” -Kevin Warsh, former Federal Reserve Board member “After serving on the [FASB] board, I no longer trust bank accounting.” -Don Young,  Financial Accounting Standards Board “Do I trust Bank Accounting? Absolutely not.” -Ed Trott, Financial Accounting…Read More

Category: Bailouts, Credit, Valuation

All Banking Incentives Are to Mislead Investors

What’s Inside America’s Banks?

Category: Bailouts, Video

Economic History and a Thoughtful Look at the Federal Reserve at 100

History is only as useful as the lessons it imparts. With that in mind, the Federal Reserve Bank of Cleveland kicked off events marking the 100-year anniversary of the Federal Reserve with a gathering of giants in the field of economic history. Presenters at the December 13-14, 2012 conference, titled Current Policy under the Lens…Read More

Category: Federal Reserve, Think Tank

America’s Bubble Dependent Economy

Interesting chart (which we marked up) from the JEC of the U.S. Congress illustrating household net worth as a percent personal income.   If that doesn’t look like a head and shoulders formation in the making, nothing does! The second chart illustrates why the U.S. economy is so dependent on the wealth effect generated by asset…Read More

Category: Economy, Markets

The American People are the Big Losers In The Cliff Deal

Bipartisan Hosing of the American People The “fiscal cliff” deal will raise taxes for 77% of the American public. It will add $4 trillion dollars to the deficit over the next 10 years. It will create a drag on the economy equal to 1% of the grodd domestic product. It creates uncertainty in the following…Read More

Category: Think Tank

Chris Christie Goes Postal on GOP Leaders

Category: Current Affairs, Video

People to Ignore in 2013

Each year, David Weidner of MarketWatch puts out a list of folks in finance that you should pay no attention to.

This year’s list is out, and its a doozy:

1. Jamie Dimon
2. Sam Stovall
3. Jim Cramer
4. Bill Miller
5. Michael Grimes
6. Sheila Bair *
7. Vikram Pandit
8. Greg Smith
9. Meredith Whitney
10. Occupy Anything
11. Glenn Hubbard
12. Robert Diamond
13. Mitt Romney

* Bair was on his Do Not ignore list.

(2012′s list is after the jump.)

Who did he miss this year?


Q&A: The Price of Paying Attention (November 3rd, 2012)

13 Wall Street voices to ignore (or not) in 2013
David Weidner
MarketWatch, January 2 2013

Read More

Category: UnGuru