My afternoon train reads:

• The 5 biggest lies on Wall Street (MarketWatch)
• A brief history of the Chinese growth model (MPettis)
• A Valuable U.S. Export: Banking Regulations (Bloomberg) see also Too Big to Regulate? The Warren Debut (Credit Slips)
• NBC purchases rights to “Nightly Business Report,” saves show (Talking Biz News)
• Within a decade solar will be cheaper than coal. Within 2 decades, cheaper than gas (Atlantic)
• Watching porn is bad for your smartphone (CNNMoney)
• Marissa Mayer Hints That Yahoo Could Go Social (Wired)
• Curating the Cosmos (Slate)
• The Biggest Financial Asset in Your Portfolio Is You (NYT)
• The Internship: Owen Wilson And Vince Vaughn Put The Goof Into Google (Fast Company)

What are you reading?


European Banks Move to Boost Health Gauge   

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.

7 Responses to “10 Thursday PM Reads”

  1. James Cameron says:

    The Chrome Pixel . . . Google’s high end laptop contribution to cloud computing:

    Apple, Microsoft and Google are increasingly competing in many of the same areas, and that fact will be especially punctuated if Google rolls out its own retail stores.

  2. JimRino says:

    The Chrome Pixel is powered by an i5 Intel chip, it’s more a mobil design, not a high end laptop.

  3. RW says:

    Brett Arends gets 4 out of 5 in “The 5 biggest lies on Wall Street” and that, as they say, is much better than average.

    Needs to drop the ‘cash on the sidelines’ schtick though: an accounting identity approach to any set of modern transactions involving money is logically impeccable and theoretically sound only if you are keeping track and not interested in predicting a real-world equilibrium condition or explaining actual behavior.

    Perhaps Arends could take his own advice and “try it” beginning with a margin account before moving on to other forms of leverage. How many shares of Apple stock can a person acquire before delivering a single penny out of her account? Quite a few if her credit is good.

    How much cash is there on the sidelines? As much as there is liquidity which, in the current environment, potentially means a hell of lot if it gets deployed; therein lies the real rub IMHO.

    NB: The notion that there must be an immediate, one-to-one correspondence in exchange because an accounting identity says so doesn’t even hold up in a barter or hard-money economy if one side of the trade will accept an IOU. In a credit-based economy with a fiat currency it simply holds no water.

  4. A says:

    Wasn’t sure if Barry had previously supplied this, but it’s quite alarming:

  5. bobmitchell says:

    Sticking up for Porn-

    Just like all “cyber attacks” come from China…..

  6. Joe Friday says:

    Within a decade solar will be cheaper than coal. Within 2 decades, cheaper than gas

    This can be sped along by eliminating all subsidies for coal and oil. Then, once we’re driving CNG vehicles, heating, cooling, and generating electricity with gas, we could slowly phase-out the subsidies for gas.