My morning reads:

• Federal Reserve’s Janet Yellen: Fearless and candid (Gannett) see also Summers the Shiftless (Krugman)
• What Is a Hedge Fund, Anyway? (WSJ)
• Buying a burning platform (Reuters) see also Google-Motorola Deal Foreshadows Challenge Awaiting Microsoft (Bloomberg)
• Forward Guidance – Who Are You Going to Believe, the Fed or Your Lying Eyes? (The Econtrarian)
HILARIOUS: S&P Accuses U.S. of Suing to Avenge Ratings Drop (WSJ)
• Why Do Economists Blog (Econbrowser)
• The Myth of Part-Time America: A scare story (The Atlantic) see also Wealth, Not Robots, Makes Us Lazy (Overcoming Bias)
• Across U.S., bridges crumble as repair funds fall short (LA Times)
• How to make your own slow jams (Kottke) see also Saving Classical Music: An App for That? (WSJ)
• The Lichen Loophole (Now I Know)

What are you reading?

 

Major Asset Classes | August 2013 | Performance Review
090313a-thumb
Source: Capital Spectator

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 Midweek AM Reads”

  1. VennData says:

    http://www.chicagotribune.com/news/local/ct-met-illinois-lawmakers-syria-0904-20130904,0,7085801.story

    “… Until I see evidence of a real threat against the United States or our allies or unless the international community reaches a consensus and leads, I am not convinced that a limited strike against Syria at this time is warranted,” said Rep. John Shimkus of Collinsville. Shimkus is a 17-year lawmaker, a West Point graduate and a retired Army lieutenant…”

    Like Michelle Bachmann’s vote against Obama’s Libya victory, the Tea Party is first and foremost, against Obama.

    That vote helped sink her in the primaries after Iowa.

    This could be the vote that tosses the rest if the Tea Party into Boston Harbor.

  2. farmera1 says:

    Those nasty but hugely profitable derivatives, are still laying out there, secret and hidden from view, like so many cancer cells waiting to blow up and kill the host. The banksters won again.

    How the Bank Lobby Loosened U.S. Reins on Derivatives
    http://www.bloomberg.com/news/2013-09-04/how-the-bank-lobby-loosened-u-s-reins-on-derivatives.html

  3. willid3 says:

    over valued market? i guess if you only look at profits its not so bad. but seems like you need to look at rising revenue (aka sales) to really determine that. slowing sales and increasing profits only show cost cutting. which isn’t a long term way to run a business. unless you are going to run it into the ground of course

    http://pragcap.com/further-evidence-of-an-overvalued-market

  4. willid3 says:

    so bridges are crumbling. add this to that. here in Texas, because we cant fund roads any more and we have lots of roads that were built to ship farm products to markets, now being used by fracking companies, which seems to be destroying them. so the state is now starting to rebuild those roads as gravel roads instead of using pavement. add on top of that, the state is going to turn over to cities and counties roads that are state and federal highways that are really being used as either loops or surface streets in cities and counties. not hint on how this works out since the cities and counties dont get any more to do the maintenance.

  5. willid3 says:

    social security isn’t an asset. its income.

    http://www.marketwatch.com/story/social-security-is-not-an-asset-2013-09-04?dist=lcountdown

    so dont treat it as that. then you wont be lead down the rose covered path that ends badly for you. but not for wall street

  6. VennData says:

    http://www.nytimes.com/2013/09/04/business/economy/business-losing-clout-in-a-gop-moving-right.html

    The GOP is like Microsoft:

    1) overly dependent on an outmoded platform

    2) pretending to have the answers with solutions people don’t really want when they actually see ‘em

    3) badly managed

    4) financed by oodles of cash.

    • VennData says:

      Apple is like Ron/Rand Paul supporters.

      1) Simple

      2) Around 10% market share, niche product

      3) Reverent followers – Paulbois

      4) Talk about freedom, but are really a closed system

  7. willid3 says:

    schilling from a Congressman???

    no can’t be. and for wall street at that?
    http://www.bloomberg.com/news/2013-09-03/sec-can-fix-a-gap-between-the-rich-and-the-rest.html