My afternoon train reading:
• Nearly 50% Of All Home Sales Now Cash, As Institutional Investor Activity Hits New High (Forbes) see also Families Blocked by Investors From Buying U.S. Homes (Bloomberg)
• 5 signs the market bulls are wrong (MarketWatch)
• Treasuries Risk Shown as Fed Distorts Stocks Correlation (Bloomberg) see also In Fed and Out, Many Now Think Inflation Helps (NY Times)
• Krugman’s Theory of Interstellar Trade (Scientific American)
• Happy Centennial, Federal Income Tax (Economix) see also Reagan Revolution Misses Tax Fiefdoms Flourishing in U.S. (Bloomberg)
• Greenspan Has Left the Building by J. Bradford DeLong (Project Syndicate)
• A meeting at a posh Caribbean resort led to a friendship that would later form the foundation of a 15.6% stake in Twitter (WSJ) see also Kass: I’d Pay $32.50 a Share for Twitter (WSJ) Takeaway: Kass should spend more time in Caribbean
• Everybody Knows You’re a Dog (Boing Boing)
• Apple Sales Set to Show Mobile Shift Lifting Tech (Bloomberg) see also Why Apple should tell Carl Ikahn to go jump (WSJ)
• Kareem: How Boys Become Men (Esquire)
Whats are you reading?
Booms & Busts
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