My early Sunday morn reads:

• Fund Managers Should Go Into the Closet When Markets Drop (Investment News)
• Zweig: Understand the difference between ‘Shallow Risk’ and ‘Deep Risk’ (Moneybeat)
• Corporate Investment: A Mysterious Divergence (FT.com)
• Toyota Outsold by GM Signals Long-Term Japan Demand Slump (Bloomberg)
• CNBC Fed poll: 50% say Obama should pick Yellen; 2.5% say he should pick Summers (WaPo) see also Summers a Bane for Treasury Bonds; Yellen a Boon? (Moneybeat)
Denninger: Glass-Steagall: Where Are The Tea Partiers And Republicans? (Market Ticker)
• Your Smile Can Change the World. All You Have To Do is Grin and Bare It… (theguardian)
• The Zombie Argument that Refuses to Die: Shakespeare: William Shakespeare (Standpoint Magazine)
• How America’s Top Tech Companies Created the Surveillance State (National Journal)
• Hollywood’s Reliance on Sequels Makes for a Pallid Picture (WSJ)

Whats for brunch today?

 

Some May Call it Lying
GS Der

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.

15 Responses to “10 Sunday Reads”

  1. chartist says:

    Toyota’s problem is their cars are bland. Their “fun per gallon” advertising convinced no one. When Detroit built unreliable cars, Toyota grew. But now quality is up at Ford and GM. Honda’s styling beats Toyota across the board. Toyota is not going to grow pick up truck market share in the US. I can’t see cowboys in Texas driving Toyotas.

  2. TLH says:

    Lots of Tundras in Texas. They are made in San Antonio.

  3. Bob is still unemployed   says:

    Over brunch I’ve been reading an excellent article about the discovery of the Higgs Boson.

    How the Higgs Boson Was Found

    Before the elusive particle could be discovered—a smashing success—it had to be imagined

  4. DeDude says:

    Great explanation of how and why economic growth is hurt when the rich harvest all the wealth of increased efficiency:

    http://economix.blogs.nytimes.com/2013/07/26/growth-from-the-middle-out-and-how-it-works/

    May not be news to most of us but it is nicely laid out.

  5. Conan says:

    Japan Inc. Cashes In on Abenomics as Toyota to Sony Profits Rise

    Abe’s drive to end 15 years of deflation in Japan through monetary easing and fiscal stimulus benefited manufacturers as the yen dropped 5 percent against the dollar last quarter and about 20 percent in the past 12 months, boosting earnings from overseas. Toyota, the world’s largest carmaker, may exceed its fiscal-year net income target by 21 percent, according to the average of 23 analyst estimates compiled by Bloomberg.

    “Abe introduced a real bullet,” said Ichiro Takamatsu, a fund manager in Tokyo at Bayview Asset Management Co. “Companies will report stronger numbers because of the weak yen.”

    http://www.bloomberg.com/news/2013-07-28/japan-inc-cashes-in-on-abenomics-as-toyota-to-sony-profits-rise.html

  6. Conan says:

    Here is the WTF headline from the notorious Larry Summers:

    Larry Summers thinks US banks should maybe be a little bit bigger

    http://qz.com/108798/larry-summers-thinks-us-banks-should-maybe-be-a-little-bit-bigger/

    • bear_in_mind says:

      Larry Summers strikes me as akin to a cross between ill-tempered show pony, Dr. Strangelove and Hedley Lamarr. That he continues to be considered for high-level posts seems to argue for the Peter Principle… but geez, hasn’t he already failed enough?

  7. Mike in Nola says:

    UK households are most heavily indebted among their peers. Interactive map shows where burden is.. (Of course, you need to know UK postcodes.)

    http://www.telegraph.co.uk/finance/10207452/How-much-debt-is-your-neighbourhood-in.html

  8. MidlifeNocrisis says:

    I own 2 vehicles and one of them is a Prius. It may be bland by some standards………. but it is the most economical, reliable, and practical vehicle that I have ever owned. When it hits 250,000 miles, I will get rid of it and buy another…………. Prius.

  9. Jojo says:

    Discover magazine
    20 Things You Didn’t Know About… Gravity
    Friday, July 19, 2013

    1. Star Wars’ Obi-Wan Kenobi said the Force “surrounds us and penetrates us; it binds the galaxy together.” He could have been talking about gravity. Its attractive properties literally bind the galaxy together, but it also “penetrates” us, extending physically through us, keeping us bound to Earth.

    2. Unlike the Force, with its dark and light sides, gravity has no duality; it only attracts, never repels.

    3. NASA is trying to develop tractor beams that could move physical objects, creating an attractive force that would trump gravity.

    4. Passengers on amusement park rides and the International Space Station experience microgravity — incorrectly known as zero gravity — because they fall at the same speed as the vehicles.

    http://discovermagazine.com/2013/julyaug/23-20-things-you-didnt-know-about-gravity

  10. Mike in Nola says:

    This headline and story seems somewhat at odds with the one about GM surpassing Toyota:

    http://news.sky.com/story/1043799/toyotas-record-sales-make-it-top-carmaker

  11. VennData says:

    “…​Republicans are trying to block efforts to inform people about the law and are using scare tactics to keep them from enrolling…”​

    http://www.nytimes.com/2013/07/27/opinion/the-war-over-health-care-exchanges.html

    ​Great guys. Why would you support people who did this?

  12. VennData says:

    I prefer “default ceiling” because “debt ceiling” sounds like some sort of virtuous limit

    http://www.calculatedriskblog.com/2013/07/theyre-back-congress-threatens-to.html

  13. Willy2 says:

    Foreign demand for Treasuries is waning. But this doens’t automatically mean that rates are going higher tomorrow. It could happen in say 3,4 or 5 months time. But rates are bound to go higher.

    http://www.financialsense.com/contributors/bud-conrad/despite-declining-deficit-fed-will-keep-qe

    My personal opinion is that “Operation Twist” was meant to absorb supply of longer term Treasuries (from e.g. China).