My afternoon train reads:

• Dow Theory ‘Buy’ Signal Still in Play, But on Watch (MoneyBeat)
• Gold Rises for Sixth Time in Seven Days as Dollar Falls (Bloomberg)
• Four Factors the Fed Faces on Bond-Buying Exit (WSJ) see also For the Fed, Europe Represents the Road Not Taken (MoneyBeat)
• Whose side is your financial adviser on, anyway? (theguardian)
• Never Give Stores Your ZIP Code. Here’s Why (Forbes)
• Who’s dependent on food stamps? Cheapskate corporations (msnbc)
• More Proof The Big Six Of Publishing Are Run By Morons (Mike Cane’s xBlog)
• Why Are Hollywood Movies So Long? (priceonomics)
• Microsoft’s Surveillance Collaboration: Voluntary Aid, or New Legal Tactic? (MIT Technology Review)
• Iceberg: Antarctica loses Chicago-sized chunk of ice (Christian Science Monitor)

What are you reading?



The Dollar: A Love Story
Source: MoneyBeat

Category: Financial Press

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14 Responses to “10 Tuesday PM Reads”

  1. rd says:

    I assume this means inflation is about to explode.

  2. DeDude says:

    I guess creating warring tribes within a company does not maximize profits, who could have thunk?

    Another reason you should not hire a sociopath as the CEO of a company. They do not understand why it’s important to make employees feel they are part of a group working for a common goal and being appreciated. Their emotional universe does not include such feelings. They may get the Yin of competition but the Yang of collaboration is in their world replaced with other c’s (coercion, conning, conniving).

  3. chartist says:

    I like gold here….I suspect the chart over the last several months has carved out the first half of a reverse head and shoulders continuation pattern….If you’re horizon is 5 years, I think you’ll be very happy….Even happier with silver.

  4. willid3 says:

    didnt banks whine about regulations being a threat to them?

    doesnt look like it does it?

  5. willid3 says:

    hm..maybe CNBC needs to hire people who know some thing instead of parroting a line ?

  6. willid3 says:

    hm…budgeting for minimum wage employees.

    first we start with income
    The fun starts on page three of the journal with the sample monthly budget. It presumes net income (after tax) from the first job of $1,105 a month—that comes out to 35 hours at $7.89 per hour of take-home pay. To get the income up to $2,060, there’s a line for a second job that would bring in $955. So first, in addition to working 35 hours per week at a low wage, the employee has to go pull another five or six shifts at a second job.

    then we have spending

    Once the employee is working 75 to 80 hours a week, it’s a relatively simple matter of budgeting. Some of the lines sound reasonable: $600 a month for rent, $100 a month for car and home insurance, $100 a month for cable and phone. But some of the suggestions are banoodles. Presumably these employees must all live in Hawaii, because the suggested monthly cost of heating is … zero. The line for health care is $20 a month, which is enough to pay for a bottle of aspirin—and a couple of days of health-insurance coverage each month. I’m not sure what kind of car you could purchase, maintain, and operate for $150 a month, but Visa and McDonald’s seem to be confident that the theoretical employee could find one. Set aside $100 for savings each month, and the employee has $27 to spend each day.

    notice any thing missing?

  7. Joe Friday says:


    Twinkies have returned to the store shelves, but they are almost 10% smaller. The original ones were 42 grams, the new ones are only 38 grams. The new owner of Hostess said it had to make them smaller to cut costs.

    Gee, you would have thought they had already accomplished that by slashing the wages of their employees by $10,000 a year, and stealing money from the workers pension fund. Oh, but then the pension funds were diverted to provide higher pay for management.

  8. Moopheus says:

    Re: long movies. Funny to think that one of the reasons studio execs forced Terry Gilliam to cut 12 minutes from Brazil was that if the movie went too long, they lost one screening each night. Presumably there’s an executive somewhere with a spreadsheet where they plug in number of screens, screenings, minutes, dollars, hopes, and dreams, and then someone pulls a number out of their ass.

  9. willid3 says:

    possible explanation of why we are becoming a nation of part time workers? and low wages to boot?

    no or low demand?

  10. rd says:

    100,000 people in the Washington, DC area won’t have municipal water supply for several days to repair an impending major failure.