My Monday morning reading  to start the week:

• Middle class struggles to get good financial advice (USA Today) see also Keep Your Portfolio Simple (WSJ)
• Lesson From Buffett: Doubt Yourself (WSJ)
• In Repurchase Craze, Companies Rush to Buy High (Yahoo Finance) but see Stock buybacks beat the market (MarketWatch)
• Bond Buyers See No 1994 Rout Helped by Bernanke Clarity (Bloomberg)
This is more extreme than my views: Gold Is Dead (Capuchinomics) see also Gold Bulls Split With Buffett as Traders Say Sell (Bloomberg)
• Doubleline’s Jeff Gundlach: Interest Rates Will Stay Low — The Economy Is Too Weak For The Fed To Ease Off The Gas Pedal  (Business Insider)
• Lessons from Broken Clocks (Above the Market)
• Public pensions stay private (USA Today)
• Rolling Stones rock packed house after price cuts in LA (Reuters)
• 40 Gargoyles and Grotesques Around the World (Twisted Sifter)

What are you reading?

 

DJIA 1,000-Point Thresholds  
DJIA 1000 Point Thresholds
Source: Bespoke

• Chasing Negative Performance (BlackRock)

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.

12 Responses to “10 Monday AM Reads”

  1. hue says:

    Climate Change Death Spiral Will Bring Cheaper Gas, Jobs (Wonkette)

    Don’t Speak to Airline Commandants (Terry Report)

    ‘Retail Exemption’ Shields some Fertilizer Facilities from Stringent Safety Inspections, Rules (Center for Public Integrity)

  2. RW says:

    Yamada: Caution, intermediate signals are mixed

    Both short- and long-term technical indicators look reasonably positive but intermediate time-frame not so much.

  3. RW says:

    Sequester Watch

    Meals On Wheels Sequestration Cuts Taking Effect
    Furlough Watch: Agency-by-Agency Impacts of Sequestration
    Sequestration already biting Navy, Marines readiness
    Sequestration hits long-term unemployed
    Sequester takes its toll on Mall, park police and Smithsonian museums
    Sequester Impact On Medical Research Results In Cuts To Promising Projects
    Housing Authority employees furloughed due to sequestration
    Sequestration Cuts Taking Their Toll from Education, Services
    As sequestration begins, contractors report lowered profits

    • willid3 says:

      all true if you believe the evidence. but if you have the proper ideology you dont see any thing at all. and if we can just eliminate all that dastardly data that the government collects, we can say any thing all, as no body can refute us with …
      data

  4. davefromcarolina says:

    Robert Fitch on Barack Obama: Speech given before the Harlem Tenant’s Association, Nov. 14, 2008.

    Excerpt:

    One of Obama’s most repeated mantras resonates here: “a common good and a higher interest,” he says. “That’s the change I’m looking for.” Where in the world most of us reside do we find that higher interest? I don’t know except perhaps in the higher interest rates that kicked in with variable rate mortgages.

    The haves and the have-nots have different and opposing interests—landlords want to get rid of rent stabilization; tenants have an interest in keeping it. Workers want to save their jobs; bosses want to save their capital, which means cutting workers. In pursuing their opposing interests, the have-nots are forced take up the weapons of the weak—demonstrations, direct action; filling the jails with conscientious objectors; taking personal risks. Who benefits when one side gives up without a struggle? The Haves or the Have-nots? Frederick Douglass reminds us: “Power concedes nothing without a demand. It never did. It never will.”

  5. arthurcutten says:

    I left this comment on the site of the original piece about ‘Gold Is Dead.’
    The problem with this opinion is that it is totally reliant on the DX index.

    The comment:
    Have you looked at the composition of the US Dollar DX index recently?
    It is heavily weighted to the euro, and to a lesser extent the Pound Sterling, and Yen.
    It includes no account of the Yuan or the Rouble or Rupee any of the other high growth emerging countries.
    Might I suggest that you discount this study to its proper significance, ie. nothing.

    There are much better comparisons and studies to be made. One of the most significant factors is that the central banks of the world were net sellers of gold for twenty five years. And then around 2006 they became net buyers.

    None so blind as those whose paychecks depend on their not seeing.

  6. WallaWalla says:

    Are all telephone calls recorded and accessible to the US government? A former FBI counterterrorism agent claims on CNN that this is the caseSo, if I’m understanding this correctly: the FBI can analyze all the “telephone calls between Russell and Tsarnaev that took place both before and after the attack”, without having any prior legal or illegal wire tap on any of those phone devices or numbers. Therefore, all phone messages and all calls are being recorded.

    As a sort of rebuttal to claims of ‘limitless’ wiretapping, here are remarks by NSA’s General Counsel, Rajesh De, given at Georgetown in February. They explain this entire situation, essentially, from the government’s perspective. The bottom line is that there is a method to the madness… checks and balances, even within NSA.
    Remarks of Rajesh De, General Counsel, NSA, Georgetown Law School, February 27, 2013

    • willid3 says:

      while i suppose its technically possible to do it (and it wouldn’t really surprise me if they have been since 2001) the ability to collect isn’t followed up with the ability to analyze the data. consider the data for all transaction on the AMEX of NYSE are available, but having it and being able to analyze and actually act on it, are worlds apart as we can tell from how ‘investors’ actually operate

  7. DeDude says:

    NY Times stupid “Denmarks welfare queen” article a week ago has been followed up (dare I say they rehabilitated themselves) with a brilliant “Room for debate” on the issues.

    http://www.nytimes.com/roomfordebate/2013/05/05/denmarks-work-life-balance

    A number of short articles on the issue by people who (for the most part) are knowledgable and articulate provides all those insights that the original article lacked. This “Room for debate” format is just fantastic – hope others will copy that concept.

  8. VennData says:

    Hurdles in House for Web-Sales Bill

    ​”..A bill that effectively would end tax-free online shopping appears to be sailing smoothly toward Senate passage Monday but will hit choppier waters in the Republican-controlled House, where antitax sentiment is stronger….

    http://online.wsj.com/article/SB10001424127887324582004578461343878790484.html

    Yeah.. the GOP is for small business, your local mom and pop.. ROFL!​ How can anybody believe these clowns? Small local businesses have been waiting for this bill for decades.

  9. willid3 says:

    the real reason banks dont want to have more capital.

    it impacts the bonuses.

    http://baselinescenario.com/2013/05/06/the-cost-of-equity-capital/#more-10626