My morning reads:

This is the best thing you will read today: The End is Where We Start From (The Reformed Broker)
• Rally Matches 1990s Gains With Valuations 28% Lower (Bloomberg) see also Literally Every Strategist On Wall Street Has Been Wrong About The Stock Market (Business Insider)
• After a decade of decline, it’s time for the dollar to have its day (Telegraph)
• How the Rich Play the Market (WSJ)
• U.S. Posts Biggest Monthly Surplus in 5 Years (Real Time Economics)
Japan: The Kuroda recovery will be about domestic demand and not about exports (The Market Monetarist)
• The Facebook Home disaster (Salon)
• Bloomberg’s culture is all about omniscience, down to the last keystroke (Quartz)
• Pilotless Planes, Pacific Tensions (NYT) see also U.S. automatic cuts send Pentagon contract awards down 52 percent (Washington Post)
• Twitter Vines Get Shared 4x More Than Online Video Researcher says nascent tool packs branding punch (AdWeek)

What are you reading?

 

Consumption and growth
Chart
Source: Economist

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.

13 Responses to “10 Monday AM Reads”

  1. Mike in Nola says:

    One more reason for single-payer.

    http://www.cnbc.com/id/100731024

  2. VennData says:

    ​”…In all but the most progressive communities, prom glorifies heterosexuality…”

    http://www.cnn.com/2013/05/13/opinion/simmons-girls-proms/index.html

    We must STOP all dances so gay teens don’t feel alienated. And Math. we must stop math or those children who are not as gifted don’t’ feel left out! And the debate team! We can’t have people arguing, we must all agree to an accumulated wisdom of agreement as decided by the Author Rachel Simmons.

    You you left wingers wonder why people thing you’re nuts

    • Smokefoot says:

      Right-winger pick the wackos as representative of the other side, left-wingers also pick the wackos as representative of the other side. Maybe genuine debate and understanding would result from talking to the more reasonable members of each side.

      • Before you go off making a classic false equivalency error, let me remind you the difference between the two: The GOP leadership has been taken over by the wackos. That’s an enormous and substantial difference.

  3. hue says:

    Smartphones Driving Robberies, Half of NY Street Crimes (PCWorld)

    The Next Pandemic: Not if, but When (NYTimes)

    Postcards from the Ledge. Package Delivery Halts, But Grand Canyon’s Mules Trudge On (NPR)

  4. krice2001 says:

    “This is the best thing you will read today: The End is Where We Start From”

    Wow! Josh can really write. He may yet have a career in NYC after this investment advisor gig… I did lol in my office after reading the last 2 paragraphs

  5. Smokefoot says:

    The “The End is Where We Start From” article assumes that the consequences of the Fed’s actions will be the same as the Fed’s intentions. The Fed may intend to go slow and not cause any waves, but it sure looks like they will hint and hint with no impact until they actually do something, at which time we may still get a sudden increase in bond premiums.

  6. VennData says:

    Retail sales edge up, show some strength in economy

    ​Impeach Obama t-shirts, 3D printers, and massive direct mailing efforts from recently green-lighted 501(s)s leading the way.​

    http://www.reuters.com/article/2013/05/13/us-usa-economy-retail-idUSBRE94C0E120130513

    The Red-State Renaissance! (Of course we prefer the term Dark Ages, but I’m trying to talk to those soft-headed liberals.)

  7. Singmaster says:

    Josh Brown was the best thing I’ll read today. Thank you.
    Like that script in The Player
    ‘He lifts her dress. She kisses him harder.
    He puts his hands in her underpants. She grabs his shoulders.
    He pulls her dress above her waist. He rubs against her wide, soft belly.
    Slowly he pushes her panties down to her knees. She’s faint with passion.
    She arches her back and he lowers her down onto the buckboard.
    The horses snort and whinny. They, too, feel her passion.
    The camera moves in on the nostrils of the horse…
    as the buckboard begins to shake.(

  8. GoBigRed says:

    I am reading Waiting to Be Heard: A Memoir by Amanda Knox. I don’t usually read crime stories, but she’s different. I wish I could bet my 401K that she didn’t do it; there’s no way she – or Rafaelle – committed that crime. Many Americans don’t realize how much the Italian legal system resembles the Inquisition.

  9. idaman says:

    this was ridiculous – “Literally Every Strategist On Wall Street Has Been Wrong About The Stock Market (Business Insider)”

    the “journalist” cherry picked a time frame.

    as BR pointed out before – http://www.ritholtz.com/blog/2013/04/contextualizing-retracements-by-time-frame/

    same concept

  10. TrainStation says:

    re: the “Literally Every Strategist on Wall Street….” article- the article didn’t point out an interesting miss by these analysts- EPS. The average EPS estimate of the S&P by the analysts is $106.90, meanwhile Barrons shows the S&P’s EPS is stalled at $86.