My afternoon train reading:
• How Franklin Roosevelt Secretly Ended the Gold Standard (Echoes)
• When to take investing advice from Twitter (MarketWatch) see also Twitter Just Crushed Wall Street After The Cyprus Bailout (Business Insider)
• New Reasons to Change Light Bulbs (NYT)
• The London Whale, Richard Fisher and Cyprus (Economix)
• The many failures of the personal finance industry (Abnormal Returns)
• Companies: Show Us the (Political) Money (NYT)
• Home sales reach highest rate since 2009 (MarketWatch)
• NRA Poised to Scuttle Gun Legislation Most Americans Want (Bloomberg)
• Why I left Google (MSDN) see also Vulnerabilities Continue to Weigh Down Samsung Android Phones (threat post)
• Is the “Buy to Rent” Party Over? (A Lightning War for Liberty)
What are you reading?
The Yen is the Safest of Safe Havens
Source: All Star Charts
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.
BLS: Green Goods and Services Summary (ht LA Times)
Green jobs are still a small segment but the good news is that the growth rate is nearly four times that of other work including healthcare.
The bad news is you won’t be able to figure out the trend for awhile going forward because sequestration cut the BLS budget by $30MM and the green data series was cut (along with a number of others).
Could be a lot worse of course; e.g., Indian reservations are getting sequestration cuts in healthcare that will negatively affect nearly two million residents.
WRT the Bloomberg piece, I’ve pretty much decided I won’t support and probably won’t vote for any politician that has an NRA rating much above zero.
The article by the Google developer who switched is what I’ve been saying for awhile. My realization was, like his, being creeped out when I got ads related to my emails in gmail which showed that Google was scanning them. That was about 5 years ago. After that, I’ve never used gmail for anything other than as a throw away address.
What also gripes me more is that clueless friends and clients who use gmail have put my real name and email address in their google phone books so I’m trapped in the matrix anyway.
What he describes is why I may never have an Android phone unless someone like Samsung or Amazon produce one that is basically Google free.
People still talk about MSFT as if it is the great Satan, but they got spanked good in the early 2000′s and are pretty good about privacy, although you do have to watch what you put on skydrive; I read about someone losing his account because he was storing pirated multimedia there and they do apparently do some scanning for that and porn.
SPX 1700 by year-end.
http://blogs.marketwatch.com/thetell/2013/03/21/siegel-sees-sp-500-hitting-1700-by-end-of-2013/
age of greed?
http://harpers.org/blog/2013/03/day-of-greed/
rich get richer, the rest of us get poorer
http://www.philly.com/philly/business/20130321_Rich_getting_richer__everyone_else_poorer.html
while they win the class warfare, and accuse any one who notices that, of class warfare!
That was a man…too bad today’s Democratic party doesn’t have the slightest trace of Roosevelt’s courage and initiative.
“The recovery from the Great Depression began instantly with Roosevelt’s policy shift, in March 1933. He had changed expectations, and begun an administration that would use money as a tool to bring widespread prosperity — rather than serve as a tool of moneyed interests.” – How Franklin Roosevelt Secretly Ended the Gold Standard
@S Brennan:
probably the best indicator of Roosevelt’s initiative was that he became hated as a traitor to his class.
But then again, Obama is too.. He was originally middle class.
New post by Michael Pettis on the EU using the Latin American crisis as an example:
http://www.mpettis.com/2013/03/21/when-do-we-call-it-a-solvency-crisis/
Great article Willi – I’ll mention that today (I’ve been writing about Income Inequality all week – huge debate in my Tuesday post on SA): http://tinyurl.com/cdhxp5v