My morning reads:

• P&G to Apple Hurt by Strong Dollar Keep S&P 500 Profits in Check (Bloomberg)
• Rate increases can actually be bullish (MarketWatch)
• ‘Abenomics’ Brings an IPO Flood (Moneybeat)
• Where did the Reach for Yield Go? (Synthenomics)
• Foreclosure Squeeze Crimps Las Vegas Real-Estate Market (WSJ) Best read of the day
• SEC Set to Clear Away Curbs on Hedge-Fund Ads (WSJ) see also Regulators Seek Stiffer Bank Rules on Capital (DealBook)
• Tom Keene: These Are The 9 Charts I’m Watching Right Now (Business Insider)
• Mexico takes title of “most obese” from America (CBSNews)
• So, You Want to Hide from the NSA? Your Guide to the Nearly Impossible (Atlantic Wire)
• Google Chromebook Under $300 Defies PC Market With Growth (Bloomberg)

What are you reading?


Investors Yank $13.5 billion from Municipal-Bond Funds
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.

16 Responses to “10 Mid-Week AM reads”

  1. VennData says:

    The Money Side of Driverless Cars

    ​This MUST be stopped. People won’t let their cards park themselves, oh no, they will just let them drive around the city, polluting, clogging up traffic, and burning Iranian fossil​ fuels! This is an issue of national security.

    Sobeit if a few lazy gov’t-union meter maids lose their jobs. They are wasteful inefficient and should have their wages cut, immediately to prepare them for their low-wage futures. They should get second jobs now in the private sector in firms with less than fifty employees.

    The real problem is what about the destruction of auto insurance jobs? We MUST charge each of these cars a special tax to be given to shareholders of insurance companies immediately! Start right now with a fee on the developers of these cars – that’s YOU Google! – In lieu of that, immediate across the board tax cuts for the wealthy (who own those job-creating auto insurance companies) so they can start preparing NOW with investments and job-creation!!!

    Since Obama will not come up with a compromise that is palatable to the right-thinking leadership of the House – does he ever?! – this should be left to the states to sort out, with permanent, immediate block grants given to large state insurance commissioners to dole out …er… I mean invest alongside – in any way they see fit – the clever insurance companies like AIG in leveraged product that the insurance companies must be given access to from the FED window now.

    Please contact the Right to Drive campaign at our recently IRS-approved web site

    • rd says:

      Who needs a parking space? A hybrid automated vehicle could simply drop you off at your destination and then just circle the block until you are ready to leave. Standstill traffic would reduce fuel costs, since the car would not need to be moving, so the more automated cars doing this, the cheaper it would get.

  2. “American voters say 55 – 34 percent that Edward Snowden is a whistle-blower, rather than a traitor, according to a Quinnipiac University national poll released today.

    “In a massive shift in attitudes, voters say 45 – 40 percent the government’s anti-terrorism efforts go too far restricting civil liberties, a reversal from a January 10, 2010, survey by the independent Quinnipiac (KWIN-uh-pe-ack) University when voters said 63 – 25 percent that such activities didn’t go far enough to adequately protect the country.

    “Almost every party, gender, income, education, age and income group regards Snowden as a whistle-blower rather than a traitor. The lone exception is black voters, with 43 percent calling him a traitor and 42 percent calling him a whistle-blower.”

    U.S. Voters Say Snowden Is Whistle-Blower, Not Traitor, Quinnipiac University National Poll Finds; Big Shift On Civil Liberties vs. Counter-Terrorism

  3. willid3 says:

    we must absolutely must get control of the out of control judicial branch.

    dont they realize that business can do no wrong??? and even if they might make mistake it was forced on them by the government???

    the right thinking house must hold hearing on this. they must interview( ok interrogate . water borading of judges and justice department officials would seem appropriate to get to the bottom of this). and Obama must be involved here some place, so we can start impeachment hearings as soon we find the smoking gun.

  4. VennData says:

    Judge Finds Apple Colluded on E-Book Pricing

    Like Wow! What cool company! How they cooluded is just awesomness. I want to buy more of their closed systems, like, to show my. like, hipsterness.

  5. Mike in Nola says:

    The hype about the Chromebook is deceptive. The qualifier in the article is that 20% market share described is laptops under $300. There aren’t a lot of those and they are generally pretty crappy.

    The $1400 chromebook was pretty much of a disaster in sales.

  6. Mike in Nola says:

    Oh, and I hope the gentleman taking the Chromebook to Belize is on a flight with Wifi and stays somewhere with good wifi. They are mostly useless without an internet connection.

  7. PeterR says:

    The trailer for tomorrow’s installment with Seth Meyers looks good.

  8. Conan says:

    I have read in many places the reduction in the labor participation rate is due to Baby Boomers retiring. Thus not to worry as this was natural and going to happen anyway,.

    However this analysis by Doug Short seems to negate that assumption.

  9. Doug of North Texas says:

    Comment on Tom Keene’s 9 charts – Investment Chart – what if, just what if that fall from the trend is not a dip, but the beginning of a head-and-shoulders? Reasons why? Like jobs, investment money has been out-sourced for more than the last decade (on job growth, see any sources about total jobs since 2000, much less full-time ones); while the US is currently the destination of choice as emerging country growth stagnates and Japan stirs the Asian pot, this is a long-term chart. I am guessing US safety-net breakdown leading to lower current spending (savings would have to rise to meet goals of medical and retirement) by the 99.9% could be a cause for the long-term. Investment would fall (accelerator theory, anyone?) as income growth would be seen as better elsewhere and the investment dollars go to those markets. This appears to be an extreme (and currently low-probability) scenario, so maybe someone can offer another possibility.

    • S Brennan says:

      Good One Willid3,

      To the “the list of people earning between $26 and $27 per hour”

      At the bottom of the list we see “Mathematical-science occupations” at $26.98/hr. Now if we can only drive the wage lower…hmmm.

      Are you American born and love science & math? Did you finish in the top 5% of your class? Willing to spend long hours studying while other students party their way through college. Don’t you love the fact that when you enter the working world know that only 50% will get STEM jobs? And because you are classed as “management” no overtime pay for 50-55 hour work weeks?

      Well then, you’re gonna love the H1-B Wage Limbo Game, a game that puts flexibility, determination, and your willingness to grovel to the test! One congressman watching the game remarked, “hey I didn’t think watching “immigration reform” could be so much fun…let’s lower the bar with a higher ceiling on H1-B’s and watch more American scientists and engineers stumble on student debt, high costs and low pay”

  10. rd says:

    An interesting article here with data on oil transport by pipeline and rail.

  11. VennData says:

    As of this Sunday the Chicago Sun-Times kills its pages devoted to books and the entertainment-focused “Show” section in which they appeared.

    Just as long as they don’t this take out: