My morning reads:

Hulbert: 3 things not to worry about right now (MarketWatch)
• Gold U. Takes It on the Chin (WSJ) see also Risk of vicious circle for gold as hedging returns (Telegraph)
• A Keynesian Victory, but Austerity Stands Firm (NYT)
• Of Course Apple Avoids Billions in Taxes—and It Should (Atlantic) but see The seven craziest findings in the US investigation of Apple’s tax avoidance practices (Quartz)
• Blowing Bubbles in Japan (WSJ)
We are technically offshore! For U.S. Companies, Money ‘Offshore’ Means Manhattan (NYT)
Hiaasen: IRS Went After Small Fish, But Let The Big Ones Get Away (National Memo)
• Are these Pakistani men behind Facebook’s teen spam empire? (Daily Dot)
• Vitamins That Cost Pennies a Day Seen Delaying Dementia (Bloomberg)
• XBOX One Revealed (Wired)

What are you reading?

 

Caterpillar’s Doug Oberhelman: Manufacturing’s Mouthpiece
Chart
Source: Businessweek

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.

7 Responses to “10 Midweek AM Reads”

  1. willid3 says:

    sign of good time returning? or just that the income gap has gotten bigger?
    http://www.bloomberg.com/news/2013-05-20/buffett-jets-chief-says-u-s-leads-private-flight-rebound.html

  2. Jojo says:

    Looking for a cheap Ferrari?
    ———–
    So in Dubai, the number of Abandoned Luxury Cars lying around is kind of a Problem
    May 21, 2013

    http://www.messynessychic.com/2013/05/21/so-in-dubai-the-amount-of-abandoned-luxury-cars-lying-around-is-kind-of-a-problem/

  3. RW says:

    Sequester Watch, #5

    • A Look Inside a Head Start Classroom — And How Sequestration is Keeping Kids Out
    • Sequestration Forces Indian Land, Military Base Schools To Make Drastic Cuts
    • NOAA still planning to furlough storm forecasters
    • Oklahoma Tornado Fallout: The Sequester Cut Disaster Assistance and Weather-Warning Funds
    • Sequester’s 5% Cut Rolls Through Biomedical Labs
    • Fleet Week canceled as Navy cites sequester
    • Sequester hits Grand County schools, Rocky Mountain National Park
    • Sequestration Weakens Inspectors General, Making It Harder To Detect Waste And Fraud
    • Sequestration hits Kansas: 6,000 military workers will be furloughed
    • Meals on Wheels program may see sequester cuts
    [more]

  4. rd says:

    This commentary on Bernanke’s testimony from this morning annoys me:

    http://www.marketwatch.com/story/how-bernanke-blew-it-2013-05-22

    The commentary initially is going fine talking about how Bernanke discusses how early tightening could damage the economy. but the commentor quckly devolves into decrying Bernanke’s statement that they may start talking about some tightening in the next few FOMC meetings. The ire of the commetor is raised because this statement may mean that the stock market will not advancerapidly into infinity and beyond.

    As has been discussed recently on this site, the economy and the stock market are not necessarily mated at the hip. My suspicion is that Beernanke is happy with the wealth effect he has created with the current stock marekt levels and does not want to be known as the man who re-inflated the 1999-2000 sock market bubble with another crash. He doesn’t want the moneychangers to feel they have carte blanche to bid up any asset to outrageous values just because Uncle Ben will promise to keep the spigot open at full throttle with no end in sight. Bernanke is probably also wishing he had just a hint of help from Congress in keeping the economy going as well..

  5. willid3 says:

    and you think the US has problems when building weapon systems?
    http://www.ibtimes.com/sinking-feeling-spanish-submarines-too-heavy-float-1275183

    seems like thats not just a US problem. seems to impact every country in fact. just that some tend to buy from others.