Good Friday morning:

• 7 charts that tell the Fed not to taper QE3 (MarketWatch)
• The Last Mystery of the Financial Crisis (Rolling Stone) see also Corrupted credit ratings, Standard & Poor’s lawsuit and the evidence (Vox)
• Like it or not, you too have exposure to emerging markets (Sober Look)
• Gold Trade Most Bearish Since ’10 as Fed Spurs Drop (Bloomberg) see also Gold Takes a Plunge Below $1,300 (WSJ)
• The Conflict Between Managing Funds and Selling Funds (Bronte Capital)
Decline and fall: how American society unravelled (theguardian)
• WTF!?! Can Others See When You View Them on LinkedIn? (Full Contact) see also The Trouble With Kickstarter (WSJ)
• Finance blogger wisdom: summer reading (Abnormal Returns)
• BigBrain: An Ultrahigh-Resolution 3D Human Brain Model (Science Magazine) see also BigBrain: The Best Gray Matter Map Ever Made (Popular Mechanics)
• Advice on Life and Creative Integrity from Calvin and Hobbes Creator Bill Watterson (Brain Pickings)

What are you doing this glorious weekend?

 

Gold Takes a Plunge Below $1,300
Chart
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.

11 Responses to “10 Friday Morning Reads”

  1. VennData says:

    As Prisons Squeeze Budgets, GOP Rethinks Crime Focus

    http://online.wsj.com/article/SB10001424127887323836504578551902602217018.html

    ​DO NOT RETHINK!!!​ WE PUT YOU IN THERE TO RETURN US TO MEDIEVAL TIMES, STOP PEOPLE FROM SMOKING DOPE AND HAVING GAY SEX OR ANY SEX AND RAISE THE SPEED LIMITS TO BACK IN THE GOOD OLD DAYS AND ALLOW SMOKING ON AIRPLANES AND IN BUSINESSES AGAIN!!!

    WE ARE RIGHT, THE SOCIALIST AGENDA OF PELOSI, REID, AND OBAMA ARE WRONG! INVADE NOW!!!

  2. rd says:

    The Calvin and Hobbes cartoon that I have learned the most from:

    http://www.flickr.com/photos/sriks6711/5509963/

  3. willid3 says:

    when you dont like the data that reality is producing, forbid getting the data so that you dont have any thing that can challenge your ideology?
    http://www.thefiscaltimes.com/Columns/2013/06/21/The-Republican-War-on-Data.aspx#page1

    shades of the USSR, or just about any others who are ‘true’ believers and can’t deal with any thing that challenges their ideology.

  4. codepoet says:

    So everything seems to be selling off…where oh where is the money going? is it just staying in cash? Bonds are selling off (emerging and domestic), stocks are selling off (emerging & domestic) and the money certainly isn’t going to gold…

    so where is all that money flowing TO????

    • Anonymous Jones says:

      Probably to paying down debt. System leverage shrinks overall.

    • ashpelham2 says:

      Surprised Oil hasn’t spiked by 5.00.

      Really though, I think money is going back to cash again for the institutions. Individuals haven’t gotten the creeps yet. At least not my clients. At least not YET.

  5. codepoet says:

    and yes, at Berkeley we ended our sentences in with prepositions.

  6. Greg0658 says:

    codepoet when I heard that fact a couple days ago – got thinking – would seem:
    cash into land based property & business – to retain a manufacture’g (very broad) process (farmette)
    pay down FedRes borrowing at the window (juice isn’t going anywhere else)

  7. willid3 says:

    hm…retirement like it used to be?
    http://www.reuters.com/article/2013/06/21/us-column-rural-retirement-idUSBRE95K0KM20130621

    never to be again. wonder if we didnt allow tax deductions for prnsions unless all employees were eligible for the same benefits, would they return/ what if tax deductions for any benefits, had to be offered too all employees to be deductible, would there be less benefits or more?

  8. willid3 says:

    so regulators can actually do their jobs? and they dont have to be insiders? maybe we should be looking at having more ex prosecutors doing it?
    http://www.nakedcapitalism.com/2013/06/new-yorks-benjamin-lawsky-collects-scalps-showing-regulators-can-gasp-regulate.html