My heavy-on-WSJ (for reasons unknown) Friday morning readings:

• Big Round Numbers In Sight for Stocks (WSJ) but see Trading Volumes Fall for Big Firms (WSJ)
• Did Intrade Close Because of Embezzlement? (Rajiv Sethi)
• Dissecting the Variety of Price-Earnings Ratios (Charles Schwab) see also Making Adjustments (ie What if 2008 Never Happened?) (Mebane Faber Research)
• Brain Drain: 120,000 Professionals Leave Greece Amid Crisis (Siegel)
• Microsoft Can’t Keep Up in a Mobile World (WSJ)
• What currency will challenge the dollar? (MarketWatchsee also Krugman: Goldbuggery and the Lust for Gold (NYT
• Will Baby Boomers Drag Down Growth? (WSJ)
• 48% of U.S. teens own an iPhone. 62% plan to buy one. (Fortune) see also T-Mobile Debuts $99 iPhone Today in Bid to Stem Customer Exodus (Bloomberg)
• Who Killed The Deep Space Climate Observatory? (Popsci)
• Elizabeth Warren: Banks Determined Number of Victims of Their Own Foreclosure Frauds (Wall Street on Parade) see also Has financialization gone too far? (New Republic)

What are you reading?


Two Firms Amass Much of World’s Copper Supply

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.

18 Responses to “10 Friday AM Reads”

  1. Mike in Nola says:

    Only a little over half or law school graduates had full time, long term employment not funded by their schools.

  2. Concerned Neighbour says:

    I’m reading of yet more significant misses on economic data this morning (retail sales, consumer confidence). If recent history is any guide, I expect the “markets” to power to new highs on all this worse than expected news.

    I’m well past being sick of this BS.

    • wisegrowth says:

      It’s just light-hearted fun now… we are at the peak of the market when the people “in the know” know that much of the value is “narrowly justified”.

  3. Mike in Nola says:

    Re: Winklevoss twins tweet from BR earlier.

    Are they the new Hunt brothers? Inherited wealth without inherited business acumen.

  4. hue says:

    In Great Plains, If You Drill It They Will Come (Christian Science Monitor)

    Bright Lights, Rig City: The Bakken From Space (Midwest Energy News)

    Hockey Shticks: Two Centuries of Energy in America, In 4 Graphs (npr)

    • hue says:

      Within the npr story, there’s an amazingWorld Energy Timeline

      -”Colonel” Edwin Drake drills what is generally accepted as first oil well at Titusville, in northwest Pennsylvania
      -British scientist John Tyndall publically demonstrates greenhouse effect at Royal Institution, London

      -Discovery of oil in Saudi Arabia and Kuwait
      -Guy Callendar delivers paper linking carbon dioxide and climate change to general disbelief at the Royal Meteorological Society in London

      -First commercial “frac” job at Hugoton gas field, Kansas
      -Admiral Hyman Rickover tapped to head U.S. nuclear submarine program

  5. franklin411 says:

    I started off reading the global warming satellite article, but then I gravitated towards the boob study for some reason:

  6. VennData says:

    Jay-Z dissing Nets fans

    ​Woulda brought the Nets to Brooklyn for free
    Except I made millions off it, you f—— dweeb
    I still own the building, I’m still keeping my seats
    Y’all buy that b——-, you better keep y’all receipt.

    No wonder these “artists” are always killing each other.

    Artists? hahaha!

  7. honeybadger says:

    So, does intrade offer a market on if they will remain solvent or not? What are the current odds?

  8. wisegrowth says:

    Last night in response to some issues on other blogs I wrote about two things that may be of interest here. The first is “how to know where you are in the Business Cycle”, My research into effective demand makes it very simple.

    Also, there is a post about the Fed funds rate when the economy is up against the effective demand limit. Normally the Fed funds rate will rise before the limit and then peak at the limit. In normal times, it is an excellent and easy way to predict the Fed funds rate. But now we are in a liquidity trap and you will see in the graph that the Fed funds rate will most likely not rise at all this business cycle. Its moment to have risen has already passed.

  9. thomas hudson says:

    al gore’s satellite lives, but will not be used for what he originally intended:

    The National Oceanic and Atmospheric Administration would manage the DSCOVR mission as an operational sentinel to give notice of approaching solar storms with potentially calamitous consequences for terrestrial electrical grids, communications, GPS navigation, air travel, satellite operations and human spaceflight.

  10. VennData says:

    Judge denies $20 million severance to outgoing AMR chief

    ​Who can look themselves in the mirror​ and not giggle when using the term “job creators?”

  11. krice2001 says:

    “Elizabeth Warren: Banks Determined Number of Victims of Their Own Foreclosure Frauds ”

    I voted for Elizabeth Warren and was very happy she won the seat. The banks fought hard through their lobbyists and ‘paid for’ Senators to make sure she would never head up the consumer financial protection agency she helped create. So now they’ve got to contend with her as a U.S. Senator (as apparently do the captured regulators). Hopefully she can make a difference.

  12. VennData says:

    PlaneSploit. Take control of any plane with this Android app

    ​We have to obviously give these to ever one, especially school children so they can protect themselves by PlaneSploiting the other guy first.

  13. willid3 says:

    hm. since we saw how well private regulation works (or not). maybe this isnt a good idea?

  14. farmera1 says:

    Dissecting the Variety of Price-Earnings Ratios

    I appreciate this article. Many/most articles use the term PE without defining which PE they are using. When I see PE in an article without a definition, I immediately throw the article in the circular file. My opinion is the article is defending some held opinion (market is too high or market is too low, buy or sell), and not trying to communicate or educate.