My morning reads:

• Asia Stocks Head for Biggest Gain in Seven Months on BOJ (Bloomberg)
• Dan Loeb’s Investment Process (The Reformed Broker)
• The Great Rotation Remains Mainly Spin (Barron’s)
• Gold, Long a Secure Investment, Loses Its Luster (NYT)
• 3 bond bubble theories that don’t hold up (Fortune)
• The Federal Reserve’s VIP List (thelongshorttrader) see also Banks on Fed Staffer E-Mail List Get Leak of FOMC Minutes (Bloomberg)
• Wood: The fuel of the future (Economist)
• PC Shipments Post the Steepest Decline Ever in a Single Quarter, According to IDC (IDC)
• Nine Things You Probably Didn’t Know About Swear Words (Time)
WTF? Hacker uses an Android to remotely attack and hijack an airplane (Computer World)

What are you reading?


New Highs!

Source: Bespoke

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.

10 Responses to “10 Thursday AM Reads”

  1. hue says:

    The 37 Percent Puzzler (Atlantic)
    The share of adult Americans who have a job (or are looking for a job) has fallen to its lowest point since 1979, hovering around 63 percent. That means 37 percent of working-age Americans aren’t working. What are they doing, instead?
    Includes pie graphic, so some can lament it’s not to scale, it’s not to scale, why the working 47 percent look so small?

    Thatcher’s Life and Death Divide Britain (WaPo)
    Unlike with fellow conservative St. Reagan, ex-prime minister’s death appears to be opening old wounds.

    Appily Ever After: A Smartphone Shrink (NYT)

  2. streeteye says:

    That airliner hack story is BS until proved otherwise. ATC controllers send verbal clearances, not electronic. Maybe airliner dispatch can send flight plans electronically, but they can’t remote control a plane. Testing an attack on a piece of equipment from a simulator (where ability to load scenarios without pilot acknowledgement might make sense) has no bearing on whether it would work in a Boeing or Airbus. Sounds like claiming to have hacked Obama’s phone by sending it an SMS.

  3. Al_Czervik says:

    Admittedly, I am not a neutral observer. But there is a lot of general hating on gold as evidenced in several recent links by Barry. The article references the total price increase since the 1999 but didn’t interview anyone who had been invested in the metal itself for a period of years.

    Call it a perverse form of confirmation bias if you will, but the stuff has never been that widely held and hasn’t had a classic speculative blowoff. So I’ll take it as a positive sign. Regardless, have lightened-up recently until the price shows better action.

  4. VennData says:

    Highest paid heads of ASSOCIATIONS:

    ​”…1) Tom Kuhn, Edison Electric Institute, $6,736,627 … 2) Tom Donohue, U.S. Chamber of Commerce, $4,916,571 … 3) Scott Serota, Blue Cross and Blue Shield Assn., $4,182,231 … 4) Charles Dallara, Institute of Int’l Finance (Tim Adams succeeded him Feb. 1), $3,930,881 … 5) Jack Gerard, American Petroleum Institute, $3,617,134 … 6) Nick Calio, Airlines for America, $3,579,606 … 7) Peter Cressy, Distilled Spirits Council of the U.S., $3,327,409 … 8) Richard Ketchum, Financial Industry Regulatory Authority (FINRA), $3,099,986 … 9) Tim Ryan, Securities Industry and Financial Markets Assn. (SIFMA; departed Feb. 23; Kenneth Bentsen Jr. is acting president and CEO), $2,946,476 … 10) John Engler, Business Roundtable, $2,815,324…”

    These guys don’t produce anything.​

  5. willid3 says:

    maybe the cause of our bad economy?

    and this isnt a new development either, its been going on for a while now

  6. willid3 says:

    saw a suggestion that instead of paying executives in equity, why not pay them with bonds. and make them long term bonds? might make executives much more interested in the long term than in how well the company did this quarter.

  7. Mike in Nola says:

    Apparently Windows 8 is so bad that it’s causing a decline in Mac sales also :)

    My theory is that the decline in sales is a sign of several things: a bad economy for the masses, people finding that they may not need a full fledged pc, and the fact that newer versions of Windows actually require less hardware power than XP and Vista so that you don’t need to upgrade as often. My 3 year old Dell laptop is faster with Windows 8 than with Windows 7 and I’m hanging onto it til the new Intel chipsets debut in the fall.

    Lenovo seems to have the touch as they did not decline in a bad market. I thought it was because they had an in with the Chinese market but Asian sales declined and Lenovo’s gains were over here. Maybe Apple should copy them.

  8. Mike in Nola says:

    That Bloomberg piece about Asian stocks is a deceptive generalization based on an average. Shanghai stocks have been crappy and the Kospi ain’t no great shakes either. Although they continue to deny it, the Japanese money printing is part of a currency war directed against its export competitors, namely China and Korea (whose Hyundai’s are kicking butt.)

    FWIW, I’ve read that the Korea trouble is actually being orchestrated behind the scenes to get at Japan over the territorial claims and the stimulus. Makes sense to me.