My morning reads:

• When emotions rise or fall with the Dow (MarketWatch) see also Stock Bulls Get New Member of Club (WSJ)
• Bernanke Tightens Hold on Fed Message Against Hawks (Bloomberg)
Doug Short: Is This Bull Market Fundamentally Driven? A Look at PE Expansion (Advisor Perspectives) see also One of the Most Sentiment-Driven Rallies Ever (TRB)
H.Res. 112: Celebrating the 100-year precedent of the Federal tax exemption for municipal bond interest (Govtrack)
Martin Wolf: Why bankers are intellectually naked (
• Meet the Hedge Fund Managers Turning a Profit on the Sandy Hook Massacre (The Sparrow Project)
• Google’s penetration of Android (Benedict Evans)
• Denmark Races to Prevent Foreclosures as Home Prices Sink (Bloomberg)
• A Look Behind the Curtain at Wall Street’s 24/7 Effort to Gut Finance Reform (Mother Jones) see also Regulator sides with big banks on avoiding break-up votes (Reuters)
• 74 Things Every Great Star Wars Movie Needs (Wired)

What are you reading?


More Homeowners Dig Out

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.

9 Responses to “10 Tuesday AM Reads”

  1. Mike in Nola says:

    Strangely named article about Google. Android is something of a Frankenstein to Google. They’ve prospered giving away services so they could snoop and advertise to the chieapskates, but the have lost control of Android. Aside from Samsung’s giving Google the cold shoulder, Amazon has created it’s own version that Google is powerless to capitalize on. An Amazon phone could be a real kick in the privates to Schmidt: a phone that is subsidized by Amazon’s ecosystem and which produces no ad revenue for Google. Bezos could even twist things further by using Bing/Yahoo for search and getting Nokia to port it’s navigation app to Amazon’s version. As MSFT has shown, no one is invulnerable to the twists and turns of the marketplace, many of which are unpredictable.

  2. hue says:

    how the Glock became America’s weapon of choice

    “The Glock was created in 1982 by curtain-rod manufacturer Gaston Glock. Glock didn’t like the handguns available on the market and decided to manufacture a new gun from scratch. …
    In 1988, the Glock made its way to the United States. It was perfect timing, coinciding with the rise of the American drug trade, when many cops were feeling outmanned by gangs on the street. The Glock’s large capacity and light body gave it advantages over other guns. …
    In 1991, the first Glock shooting spree took place in Texas” 50 shot, 24 killed including the gunman.

    don’t ask don’t tell: Portman inspires other Repubs to stop talking to their children

  3. RW says:

    Shrugging off Atlas

    Those of us who know the numbers, or who simply live in America and look around, know that the 47 percent who aren’t paying federal income taxes this year are by and large not “moochers.” About a fifth are elderly retired. About two-thirds are in households with incomes of less than $20,000 a year—definitely not living high. And nearly one-third owe no income taxes because of the earned-income and child tax credits, which both became law with bipartisan support.

    As a group, the 47 percent who pay no income taxes do not lack work ethic. They do take personal responsibility for their lives. They may not pay federal income taxes this year, but they pay plenty of sales, property, and payroll taxes. For the most part, they do not constitute the Democratic base. More than half of the 47 percent are the elderly white and Southern white voters who voted for Romney by substantial margins.

    So how does someone like Romney, along with his peers and all their staffs and everyone else in that Boca Raton room, become convinced that 47 percent of Americans are the moochers, the takers, dependent on ‘free gifts’ from the government, lacking work ethic, lacking personal responsibility?

    Enter Nicholas Eberstadt of the American Enterprise Institute (AEI), with his contribution to the think tank’s “New Threats to Freedom” series.

    NB: Not sure what category or categories this would best fit. Analysis of biased research is necessary when outfits like AEI, Heritage, Cato, et al produce stuff that looks like research but serves some other purpose. There are other areas where the form is a mask for function; e.g., Congressman Ryan produces stuff that takes the crude form of a budget or plan but really only serves the function of manifesto, a statement of principles. Maybe agnotology would serve as a general category: The study of producing ignorance and distraction.

  4. Hantra says:

    Regarding Altman, isn’t he simply making money because he predicted the knee-jerk, political fear-mongering that was sure to follow the actual tragedy? Someone should at least be benefiting from this panicked theater that DC is putting the nation through. Which is worse? The fact that Feinstein had her bill written for a year, and rolled it out before the bodies were removed from the school? Or a guy who anticipated these clowns’ reaction?

  5. Mike in Nola says:


    With talk radio and Fox News, the elite can live in unrealworld and get people to vote against their own interests. Close relative served in the Air Force in Thailand during ‘Nam at one of those bases that weren’t there. Came back and worked twenty+ years in computers til he got a back injury at an industrial plant he was in and some short term memory problems from resulting back surgery. Was on SSD until reaching 65 and going on Medicare and old age benefits. Also taking advantage of the VA hospitals which he earned, but he still doesn’t see himself as part of the 47% Romney and his cohorts want to screw..

  6. James Cameron says:

    > What are you reading?

    This site . . . again, it’s really a nice job, night and day over the previous version. It’s also been developed for mobile, where it shines vis-a-vis the old.

  7. VennData says:

    GOP opens the door to …er…. Our friends to the South. All that anger, bluster, “stealing American’ jobs. Rewarding law breaking! They didn’t really mean it.

    Man are they gonna lose the:

    1) Angry White males

    2) The “We hate ‘Press one for English, Press 2 for Spanish’” bloc.

  8. rd says:

    An example of the asinine stuff that passes for commentary:

    The first sentence is:
    If every state in the Union was like North Dakota, the American economy would be growing as fast as China’s.

    Every state in the union cannot be like North Dakota for many reasons, nor would we want them to be. North Dakota is resource-extraction and farming. That is pretty much it. It is a much less diversified economy than Australia’s and Canada’s. So it does great when commodity prices are high and sucks when they are not. We just happen to be in a paeriod when Bernanke is pumping as much money as he can print into commodity and stock market prices in the hopes that some of it will trickle down ot the average American.

  9. @Mike in Nola:
    This recent spate of articles are for the most part red herrings. One does not “control” Linux, only the final code one releases, and no, Google does not profit from Android. Android is built using Linux, which Google has licensed under Apache while Linux is under GPL3. Therefore anyone can use Android, change it to their liking, and redistribute it. Same for ChromeOS. The only reason Google suggests using its version of Android is so that vendors can steer clear of patent suits, plain and simple. If vendors like Samsung and Amazon are willing to take the risk — and clearly they are — then fine. All else is FUD.