Some reading to start off your Superbowl Sunday:

• Why football is still a money machine (CNN/Money) see also ANOTHER SOCIALIST SUCKLING AT TEAT OF GOVT: Subsidies for Saints Owner Open New Orleans to Super Bowl (Bloomberg)
Bill Gross: Credit Supernova! (PIMCO)
• You can’t have it both ways. (The Reformed Broker) see also Don’t start by assuming stupidity (Offsetting Behaviour)
• Are jobless recoveries the Fed’s fault? (Noahpinion)
• 7 Super Bowl Investing Lessons (Above the Market) see also Power Shifts to The Players (WSJ)
• Are Apple analysts Stupid or lazy? (Fortune)
• Behind January Unemployment Data, a Hidden Boom for 2012 (Daily Beast) see also Obama’s Jobs Record Looks Better (Real Time Economics)
• Schneier on Security (Bruce Schneier)
• High-Risk Primaries Could Cost Republicans in 2014 (FiveThirtyEight) see also How Republican Governors Are Pretending to Cut Taxes (Bloomberg)
• Columbia Shuttle Crew Not Told of Possible Problem With Reentry (abc News)

Whatcha doing for the big game?

 

The NFL is a Money Machine

Source: CNN/Money

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.

13 Responses to “10 Sunday AM Reads”

  1. willid3 says:

    is the way capitalism is taught to students part of the problem? is accounting too?
    http://opinion.financialpost.com/2013/02/01/is-capitalism-ignoring-the-writing-on-the-wall/

    not sure that jobless recoveries are the Fed. it might be that the cause of US jobless recoveries is that we have such a high trade deficit (and that seems to grow) that even when consumers start to buy again it doesnt translate into jobs. and by consumers I mean not just individuals, but business, and governments. because they are all consumers. without whom there can be no capitalistic economy.

  2. eliz says:

    Reading “Will QE Affect The Effect?” – Brian Pretti et al., The Contrary Investor

    (…) Over the past four years we have heard more than a number of commentators tell us that “the stock market is doing well so the economy must be doing well”. Unfortunately this has not proven to be the case as we continue with one of the most anemic economic recoveries on record. Although we are certainly not there yet, the danger is that this current round of extraordinary excess central banker liquidity creates further asset bubbles, very much as happened with the late 1990’s tech stock bubble and the clear bubble in mortgage lending in the middle of the last decade. By the Fed’s own admission, they missed “seeing” the last two asset bubbles they had a hand in creating. Now that we have moved into the endgame of global central bank monetary expansion, let’s hope central bankers everywhere have had their annual optometrist check-up.

  3. VennData says:

    Top G.O.P. Donors Seek Greater Say in Senate Races

    “…The biggest donors in the Republican party are financing a new group to recruit seasoned candidates and protect Senate incumbents from challenges by far-right conservatives and Tea Party enthusiasts who Republican leaders worry could complicate the party’s efforts to win control of the Senate…”

    You gotta fight for your right to Tea par-tee…

    http://www.nytimes.com/2013/02/03/us/politics/top-gop-donors-seek-greater-say-in-senate-races.html

    Teahadists! Do NOT let these insurgents bring you back to the Bush years of Medicare part D giveaways to the 47%! Stop The Liberal RHINOs from taking over YOUR party! demand to know how they plan to shut down government, or send these rich guys back to their Socialist paradise!

  4. eliz says:

    As for the jobs data – looking at the quantity of jobs without looking at the quality (ft/pt, wages) is sheer nonsense. Think if everyone who wanted a job was paid 1 penny/hr – we’d have full employment. “Yea!”???

    Tell me what kind of jobs are being created. Tell me how much people are earning. Example (fictitious): “There were 3155 P/T jobs and 1667 F/T jobs added in the 0-$10/hr segment.” Tell me the amount of additional money being placed in consumer hands, broken down by wage levels (cause we know people making less will spend more, and those making lots will save more).

    While I can’t find anyone giving me the breakdown I really want to see, Mike Shedlock does one of the best jobs in analyzing the jobs numbers. His last post can be read here.

    ~~~

    BR: That is a different (legitimate) issue — we currently report quantity, and suggest quality through wage measures.

  5. louiswi says:

    We’ll be counting the tats and other forms of body disfigurement of the players and then have a post game discussion about exactly when the National Football League became the National Freak League.

  6. mad97123 says:

    You can’t have it both ways – apply the logic to now rising rates, and falling dividend yields as stock prices rise. All last year the relative dividend yield argument was sited as the reason to own stocks rather than bonds.

    Now that stock are in a new secular bull no one will care one bit about the relative yields.

  7. mad97123 says:

    Are jobless recoveries the Fed’s fault?

    As a boomer nearing retirement myself, I am contemplating working longer because there is no rate of return to be had. If I don’t retire, I will not open a spot for the next generation to fill.

    So the fed will keep rates low, keeping me in my job, keeping unemployment high, keeping rates low, keeping me in my job…..

  8. Jojo says:

    NY Times
    February 2, 2013
    In Hard Economy for All Ages, Older Isn’t Better … It’s Brutal
    By CATHERINE RAMPELL

    Young graduates are in debt, out of work and on their parents’ couches. People in their 30s and 40s can’t afford to buy homes or have children. Retirees are earning near-zero interest on their savings.

    In the current listless economy, every generation has a claim to having been most injured. But the Labor Department’s latest jobs snapshot and other recent data reports present a strong case for crowning baby boomers as the greatest victims of the recession and its grim aftermath.

    These Americans in their 50s and early 60s — those near retirement age who do not yet have access to Medicare and Social Security — have lost the most earnings power of any age group, with their household incomes 10 percent below what they made when the recovery began three years ago, according to Sentier Research, a data analysis company.

    Their retirement savings and home values fell sharply at the worst possible time: just before they needed to cash out. They are supporting both aged parents and unemployed young-adult children, earning them the inauspicious nickname “Generation Squeeze.”

    http://www.nytimes.com/2013/02/03/business/americans-closest-to-retirement-were-hardest-hit-by-recession.html

  9. willid3 says:

    partial reason for a jobless recovery? unpaid interns replacing employees?
    http://www.ibtimes.com/all-work-no-pay-seeking-justice-unpaid-interns-one-lawsuit-time-1052242

    seems that many of the rules that cover these aren’t being followed by those who hire the interns. seems like they have been replacing employees with them. which is illegal. interns are suppose to offer no advantage to employers, not replace employees, and be supervised by employees, and been educational. not to be an entry into a job. and they really shouldn’t be just available to those who can afford to live without pay.

  10. willid3 says:

    hm…2nd round of the foreclosure mess showing up. seems that forgery experts are now being added to foreclosure cases. and this might become a really big mess for the banksters

    http://www.nakedcapitalism.com/2013/02/expert-witnesses-starting-to-take-on-forgeries-in-foreclosures.html

  11. willid3 says:

    hm. it seems that the police (aka national banks) didnt do their jobs and not just in the US.

    http://www.bloomberg.com/news/2013-01-31/germany-will-never-let-ecb-shut-deutsche-bank.html

    Europe had it too. and I would guess this is a world wide problem.

  12. ConscienceofaConservative says:

    About those low cost ETF’s..(never trusted them)

    http://www.reuters.com/article/2013/02/03/us-blackrock-lawsuit-ishares-idUSBRE9120CG20130203

    ~~~

    BR: YEAH, YOU ARE BETTER OFF WITH C SHARES . . . .

  13. willid3 says:

    maybe we have been sold a bill of goods…that we can’t retire because we buy any thing at all? just stop that and you will be able to retire…even if every business is out of business and has no employees?

    http://blog.chron.com/lorensteffy/2013/02/revealing-personal-finances-dark-side-friday-bookshelf/