My afternoon train reads:

• Naive Speculators Were Hit Hard (Price Action Lab)
• Bankers are honorable men (MarketWatch) see also Remember That $83 Billion Bank Subsidy? We Weren’t Kidding (The Ticker)
• First U.S. Bank Regulations May Look Strikingly Familiar (Echoes)
Financial Media Wakeup Call: The Big Disconnect (The Reformed Broker)
• Wage gaps destroy employee morale, productivity (Financial Post) see also The Political Importance of Elizabeth Warren (Project Syndicate)
• Apple CEO to Face Investors Seeking More of Cash Hoard (Bloomberg)
• What Our Brains Can Teach Us (NYT)
• Science and gun violence: Why is the research so weak? (boing boing)
• What “Disrupt” Really Means (Tech Crunch)
• Wonderful, Glorious Eel (EELS)

What are you reading?


Big Investors Differ on Gold’s Prospects

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.

11 Responses to “10 Tuesday PM Reads”

  1. farmera1 says:

    Go Elizabeth. Trouble is, we’ve built this huge cancer that no one knows how or wants to fix. Fixing it will probably kill the patient.

    Elizabeth Warren Absolutely Grilled Ben Bernanke On Too Big To Fail Banks’ ‘$83 Billion Subsidy’ Today

  2. howardoark says:

    I upgraded my phone to Ice Cream Sandwich (Android 4.04) yesterday and lost my Big Picture app in the process and now I can’t find it in the App Store. Is there a link to it somewhere on the site?



    BR: 1. Go to mobile site —
    2. You should eventually se a pop up that says “Get the Big Picture on your home screen. Tap and then Add to Home Screen
    3. It points to the mail, tweet bookmark button — in the middle, is a button “Add to Home Screen

    There it is!

    See this and this

  3. Arequipa01 says:

    WRT wage gaps, etc, if only it were that were the end of the problem…how about wage theft? How about the fact that under McDonnell/Cuccinelli*, it is virtually legal:

    “Days before, Van Buren had called Virginia’s Department of Labor and Industry to report his employer’s nonpayment, a crime under Virginia state law. To his disbelief, the agency told him they were no longer taking wage-and-hour claims and that it was up to him to investigate and prosecute the alleged crime. They referred him to a private lawyer, but the attorney’s fees alone would have amounted to more than the sum he sought.”

    Keep trying to balance your portfolios…pay no attention to the fact that you are ad portas of a Slave State in the US. Keep believing that drones won’t be used in the contiguous 48 or that Brennan is anything but a monster…or that all the Chads and Steves and Todds and Scotts manning terminals in Utah aren’t psychopaths…as long as you have enough digidollars, everything will be alright…

    *the big boy fascists had to take a rolled newspaper to this little dog to keep his nose out of UVA

  4. bear_in_mind says:

    Thank goodness for Liz Warren!!!

    Um, that’s an $83,000,000,000.00 bank subsidy PER YEAR. That’s one helluva taxpayer gift to line the pockets of the likes of Jamie, Lloyd, Vikram, Brian and John.

    @Arequipa01: I now archive every statement of earnings and keep a spreadsheet recording every benefit dollar that appears on each statement. I fully expect to find some sleight-of-hand at some point down the line, but I’ll be ready to fight ‘em tooth and nail.

    Also, a sobering read from The Washington Post (apologies if this is a re-post):

    Fiscal trouble ahead for most future retirees

  5. VennData says:

    Hilarious how CNBC’s favorite Republican of economic “gravitas” Corker from Tennessee was schooled by Bernanke today. The dimwit doesn’t know anything. He’s driving the GOP clown car.

    Hey CNBC, ask Corker about abortion, stem cell research, the stimulus, gay rights, immigration etc…

    C’mon CNBC, Go on ask the hick.

  6. VennData says:

    “…I think the existence of this disconnect is fascinating, so many people’s mindsets are locked in this late-90′s paradigm of stockpicking as a hobby…”

    – Reformed Broker

    I wonder why it is that people who try to do stock pricking eventually stop? Could it be that they all get creamed?

    Well if you listen the esteemed bob Corker from Tennessee talk about how terrible Clinton was, Obama is, and how Bernanke is causing inflation, you DESERVE to lose your money.

    Listen to the GOP bumpkins from the South. Go on! They’re going to help you!

  7. SomeGuyNamedDave says:

    Here’s what I’m reading:

    An interesting long form article about the inconsistency of gun violence research…

  8. VennData says:

    “…Senate Republicans, who usually find it easy to unite against President Barack Obama, found themselves unable to forge a united front over how to deal with the impeding budget cuts, with some proposing to give more budget power to a White House that most Republicans say they mistrust…”

    Oh he’s so evil! And the GOP they’re great guys, that’s why they’re tearing into each other on the budget, guns, immigration, gay rights and anything else they’ve been holding up for decades.

    The clown car horn toots in colorful language today.

  9. rd says:


    Unfortunately, the Supreme Court has now probably locked in an impossibility for prosecuting much of the financial crisis fraud so the reasons why Geithner and Holder were nominated in 2009 have played out fully:

    However, the ever-resourceful private sector is coming up with a potential brilliant solution to this problem. The original Titanic disaster killed many major players, including some corporate titans. It appears that we may get a replay that could signficantly reduce the number of financial sector executives: