My morning reads:

• Japan’s economic minister wants Nikkei to surge 17% to 13,000 by March (Japan Times)
• OMG, its not safe anywhere!
…..-The Pitfalls Ahead for Stocks (WSJ)
…..-Bonds: So Much More Dangerous Than You Think (The Motley Fool)
• Your New Landlord Works on Wall Street Hedge funds are snatching up rental homes at an alarming rate (New Republic) see also Home Prices Rise in 88% of U.S. Cities as Recovery Gains (Bloomberg)
• Family Inc: Why you should run your family like a company (WSJ)
• Another way to look at the national debt (Washington Post)
• Watchdog’s report raises concerns about SEC’s revolving door (Washington Post) see also SEC Nominee White’s Disclosure Report Shows Possible Conflicts (Bloomberg)
• 10 Questions with James Dyson (WSJ)
Disruption guru: Why Apple, Tesla, VCs, academia may die (Business Journal) see also Samsung Girds for Life After Apple in Disruption Devotion (Bloomberg)
• The Importance of Excel (The Baseline Scenario)
• Dinosaurs died out ‘within a gnat’s eyebrow’ of devastating meteor impact 66 million years ago (Daily Mail) see also Comet Ison caught on film by Deep Impact craft (BBC News)

What are you reading?


The Pitfalls Ahead for Stocks

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 Tuesday AM Reads”

  1. Iwasframed says:

    Not a member with WSJ — how do I get access through your site?

  2. hue says:

    laying seeds for astroturf: documents reveal big tobacco funded own Tea Party first

    cast them if you got them: remember mr. John “tobacco checks” Boehner

    i live in potlanta;) 79-year-old woman charged with dealing, cops found 9 pounds in her house

  3. Mike in Nola says:

    House prices are rising because big Wall Street money is buying up houses to rent out using the money that Ben is handing them. While possibly unintentional, it is just another subrosa bank bailout to let the TBTF avoid taking the writedowns they otherwise would.

    Of course Ben likes it because it gets the MSM to tout “the recovery” as shown by rising house prices. I think Reagan’s budget director mentioned the other day that Blackrock owns like 15,000. This will continue til they all decide get out and then it will be a repeat of the bubble bursting.

  4. Mike in Nola says:

    Forgot to mention that in the meantime renters and buyers are being squeezed by all the free money Ben is handing out. If there were no free money, housing bubble 2 wouldn’t be happening and house prices and rent would settle down to a more affordable level.

    But only the little people have to worry about a place to live.

  5. Concerned Neighbour says:

    So the Japanese economic minister wants the Nikkei to surge 17% to 13,000 in a matter of months? I can make two replies.

    First, something tells me that “wants” really means “will make”.

    Second, it would not surprise me to hear a news release from Ben Bernanke soon that he “wants” (wink wink, nudge nudge) the DOW to hit 36K in a matter of months. After all, there is no longer any need to maintain the illusion that our markets are not completely manipulated.

  6. 873450 says:

    Slower Growth of Health Costs Eases U.S. Deficit

    “Even if slower growth persists, the cost of health care poses one of the greatest threats to the country’s fiscal health. It threatens to consume a larger proportion of the overall budget, meaning larger deficits, cuts to other programs, higher taxes or some combination of the three. Remaining on a lower cost trajectory would reduce the pressure on Democrats and Republicans seeking to put the country on a sounder fiscal path.”

    “We’re not going from unsustainable to sustainable,” said Jared Bernstein of the Center on Budget and Policy Priorities, a liberal-leaning research group in Washington. “Even if the recent changes persist, we’re not done in terms of achieving sustainability in health care cost growth, but we have more time to figure out what’s working without hacking away at social insurance”

    Hell no! If anything, the imperative to shred Medicare now is greater than ever. Otherwise, our children and grandchildren might want it.

  7. willid3 says:

    spending per capita per president

    doesn’t exactly line up with what we have all been told.

    seems the biggest spenders for the last few presidents are all Republicans

    and seems like at least one of them is a lot more conservative than any ‘conservatives’ are today.
    just saying

  8. VennData says:

    China joins U.S., Japan in condemning North Korea nuclear test

    “…Foreign Minister Yang Jiechi said China was “strongly dissatisfied and resolutely opposed” to the test and urged North Korea to “stop any rhetoric or acts that could worsen situations and return to the right course of dialogue and consultation as soon as possible”.

    … however we reserve the right to scream and screech, around our infrequent, orchestrated power changes, at the Japanese for trying to take our Diaoyu islet rocks!!!

  9. AHodge says:

    there would of course be lots of revenue in this US companies have “moved” huge maybe pushing a trillion of earnings actually made domestically to overseas. this is a noticeable portion of the hugely publicized pile of unrepatriated that remains untaxed. Unrepatriated? it was never foreign in the first place!

    the S corp tax is also a big joke.
    folks take $ 100 billion or so in losses each year, partly on foreign junckets, hummers manhattan pads bus. entertainment,
    and write it off against their personal earnings.
    cant do that more than 5 years so just close that S corp do a new one
    of course our precious “small business” cannot possibly be touched in any way.

  10. VennData says:

    When Rupert Murdock’s media properties talk about family planning, they mean something different.

    “…A new generation of parents is taking solutions from the workplace and transferring them to the home. From accountability checklists to branding sessions, the result is a bold new blueprint for happy families…”

    No wonder his family is so wonderful. Paper over any problems with better branding.

    You people who read the WSJ are wacko.

  11. RW says:

    Humans and robots work better together following cross-training

    In a paper to be presented at the International Conference on Human-Robot Interaction in Tokyo in March, Shah and Nikolaidis will present the results of experiments they carried out with a mixed group of humans and robots, demonstrating that cross-training is an extremely effective team-building tool.

    To allow robots to take part in the cross-training experiments, the pair first had to design a new algorithm to allow the devices to learn from their role-swapping experiences. So they modified existing reinforcement-learning algorithms to allow the robots to take in not only information from positive and negative rewards, but also information gained through demonstration. In this way, by watching their human counterparts switch roles to carry out their work, the robots were able to learn how the humans wanted them to perform the same task.

    @Mike in Nola, Wall Street didn’t understood the location-specific or regional nature of mortgages; ditto for housing. Compound their ignorance of the latter with ignorance of rental management and this latest bubble is probably not going to last long.

    @873450, the revanchist forces of reaction can feel their big opportunity to truly gut the weakened New Deal slipping away and are attempting a ‘surge;’ it may appear to hold back the tide but will ultimately fail I think. Could be wrong of course, the USA may indeed doom itself by fetishizing budget over people, but I am still somehow reminded of a day rowing just off the coast of Maine, looking down into clear water to watch a tidal rip begin, bending seaweeds and churning sand as the water underneath my keel began its rush toward land while all remained seemingly unchanged above. I felt something similar after Katrina when the difference between real and hollow governance became clearer to a wider population. The tide changed.

  12. DSS10 says:

    I’m sorry but I still can figure out how home prices have room for any dramatic increases…. I’m not saying that every real estate investment is going to go down the toilet but in no way will wage growth be able to keep up with increases in the cost of financing once all of this market “stimulation” starts to wind down. I know that a lot of sellers have been sitting on the side lines waiting for prices to get back to the 2007 anchor prices but I think that sellers who are not underwater will slowly change their price expectations to the point that they will start to supplement the current sale inventory and further stabilize prices at or around current levels. Sure its a great time to buy a house to hold for maybe two or three real estate market cycles but I don’t see a lot of upside or a “sustained uptrend” or any real huge (actionable) discrepancies in real estate valuations…

  13. VennData says:

    Unpopular dishes dropped from School lunch menus

    “…Grilled salmon, baked fish and black-bean burgers may be highly nutritious but Arlington Heights School District 25 students literally weren’t having it. This month, the school district eliminated the “nutrient-dense” lunch choices that included the aforementioned entrees after kids frequently took a pass on them…”

    Twinkies! Hohos! Lil’ Debbies! Let the free market dictate our food culture, health, and mental acuity for our young! FREEDOM for the 1% who own the food “””industry””” Tax cuts for them! So that our long term health costs go down!!! Let the Senate decide, why is it the Houses’ responsibility?! GO Baby, GO!,0,1230165.story

  14. James Cameron says:

    > Another way to look at the national debt (Washington Post)

    I thought this was an excellent piece by Zachary Karabell.

  15. rd says:

    The combination of the housing bust and Ben Bernanke’s policies inflating commodity prices means that the percentage of fully plumbed homes in the US have dropped to levels well before 1990:

    The reason is that a number of urban areas have people who simply come around and strip all of the plumbing and fixtures out of homes. In cities like Camden, NJ where they laid off their police force, the “self-regulating” locals have decided that homes can be stripped of plumbing unless there is an armed guard posted.

    We are likely to have large swathes of urban areas with abandoned homes that are essentially worthless over the next few years. I suspect that we will see much more bull-dozing of urban areas with opportunities for eventual massive redevelopment.

  16. VennData says:

    Rubio Gains GOP Influence

    Good to have a guy at the top of the GOP that believes the world is 10K years old, shredding Obama’s lies. But what if he calls Obama a dinosaur?