Some straight up interesting dope to start your mornings:

• The investor gold rush is on the verge of ending in a whimper. (WSJ) see chart below
• Ride this market’s last-gasp rally (MSN) see also Halloween Indicator: Timing The Market Significantly Beats Time In The Market (Harriman Intelligence)
• Companies Holding Lots More Cash (Real Time Economics)
• Probabilistic Investing (Mebane Faber)
• An Intriguing Product That’s Too Complex for Many: Alternative mutual funds using complex investment strategies to protect against steep market declines or hedge against interest rate movements (NY Times)
• Man Making Ireland Tax Avoidance Hub Proves Local Hero (Bloomberg
• House, Set to Vote on 2 Bills, Is Seen as an Ally of Wall St. (DealBook)
• Five LinkedIn Strategies You Haven’t Thought Of Before (Forbes)
• Alan Greenspan owes America an apology (Guardian)
• 5 Unanswered Questions That Will Keep Physicists Awake at Night (Scientific American)

What are you reading?


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 Tuesday AM Reads”

  1. Bob is still unemployed   says:

    Why is broadband more expensive in the US? (BBC)

    “Home broadband in the US costs far more than elsewhere. At high speeds, it costs nearly three times as much as in the UK and France, and more than five times as much as in South Korea. Why?…”

    • Bob A says:

      1. they charge more because they can
      2. the physical areas are vastly larger and cost more to cover

      • Bob is still unemployed   says:

        I tend to agree more with your (1) than your (2).

        In areas where real broadband competition exists, the prices trend lower.

    • bear_in_mind says:

      Simple. U.S. = regulatory capture. There is no competition, just oligopolies that collude to maximize profits and avoid price competition at all possible costs.

  2. I’m no gold bug, but I had to comment on that WSJ gold chart. It has to be the least significant visualization I’ve ever seen: It shows us the y/y growth rate of gold reserves… not only is a bar chart a poor choice (limiting us to the arbitrary “August” effective date), but also a 36bp decline in world growth RATE means so little to me…

  3. Bob is still unemployed   says:

    From the Scientific American article, the question asked, “Why is the universe so exquisitely balanced such that life can exist?” is a good example of getting the wrong answer because the wrong question was asked. The question asked puts the cart before the horse.

    The implication of the question is that the universe was balanced just so that life, as we know it, could exist.

    Perhaps life as we know it came about because of the conditions that existed, and if different conditions existed, then some other manner of life might exist.

    So I think the better question to ask is along the lines of, “if the universe had turned out differently, would life exist and, if so, what would it look like?”

    Of course, with the multiverse theory of the universe, perhaps alternative life forms already exist… somewhere….

    • RW says:

      I was struck by a similar thought: The question seemed completely parochial even in terms of this universe; e.g., self-organizing systems — such as, but not exclusively, systems we think of as ‘living’ — arise from perturbation and imbalance; from balance nothing new ever arose.

  4. hue says:

    Congress Fiddles While Rome Burns (WaPo) At the source of the shutdown, anger at Obama runs high as economy falters

    Today’s Investors Aren’t Buying The Dip, They’re Buying The Flip (Minyanville)

    Amid Rising Discord Over Indian Images, F.S.U. Has Harmony (NYTimes) Florida State students voted on the nickname in 1947, when the all-women college became coeducational and started a football program. (Other nominees included Golden Falcons, Indians and Crackers.)

    • willid3 says:

      hm. its odd that those that proclaim that others must be responsible, and not be victims,seem just as likely as other to blame others for their own failures. guess they are just as human as any one else. its also strange that that those where the least amount of economic activity support those who oppose them. and now their chosen leaders are just as likely to boost wall street and keep them down as any thing else

      • hue says:

        i thought i was reading The Onion or Borowitz and not the Washington Post. it’s brilliant, darkly funny because it was written like a straight story, not satire. then again, I live in Atlanta, that whole story is around me everyday.

  5. Francisco Bandres de Abarca says:

    Me? Last night, I was watching this video of some epic wave shredding of massive waves on the Portugal coast:

    Other than that, I am hearing the occasional suggestion that this may be a market where fundamentals just don’t matter. I’m suddenly having flashbacks to a discussion I recall from early 2000 (in which I argued to the contrary). Danger, Will Robinson.

  6. S Brennan says:

    Your “LinkedIn Strategies You Haven’t Thought Of Before” caused me to look at my page

    Counterintelligence Specialist at US Department of Health and Human keep stalking my page, can’t think of why a FDR policy advocate is considered a terrorist material…but it must be business, because, he does it from work….and why does US Department of Health and Human Services need Counterintelligence Specialists spying…last I heard that was the FBI’s job to do this kind of weekly intimidation? This guy is so obvious, it must be some form of intimidation that I don’t understand…

    ….there’s a “LinkedIn Strategy You Haven’t Thought Of Before”

    Dale Orlowske
    Senior Intelligence Analyst/Counterintelligence Specialist at US Department of Health and Human Services
    Washington D.C. Metro Area
    Government Administration

    PreviousUS Department of State Diplomatic Security,
    US Army Contracting Command,
    Joint Task Force Global Network Operations
    EducationExcelsior College
    Send Dale InMail
    Senior Intelligence Analyst/Counterintelligence Specialist
    US Department of Health and Human Services
    July 2013 – Present (4 months)Washington DC
    Provide defensive counterintelligence for the department of Health and Human Services and it’s subordinate agencies. Program Manager for SCADA protection and TSCM. Researches, reviews, interprets, evaluates and integrates extremely complex public health information, statistics, scientific studies, and other sources of classified and unclassified data, plans, and/or products in order to contribute to or independently produce written and briefing products for the HHS Secretary, Deputy Secretary and OPDIV/STAFFDIF senior leadership. Develops and strengthens substantive relationships with other government organizations..

  7. willid3 says:

    are current retirees just born lucky? they grew up when jobs, and the economy was growing.

    but later generations aren’t so lucky.

    consider Gen Y. they have yet to recover. and are unlikely to be able to retire as well as their parents if they can retire at all.

    • bear_in_mind says:

      That’s life! Imagine if you were a male born in the U.S. sometime between 1840-45. Pretty good chance you would have faced battle in the Civil War. How about 1890-95? Would have lived through a couple wicked recessions only to very likely face the enemy in trenches during WWI. 1920-25…

      I think you get the point. History didn’t end after WWII, Korea, Vietnam, Beirut, Gulf (Daddy’s) War, 9/11, Afghanistan, Iraq 2 (Sonny’s) War, etc. As has been in the past, so will be in the future, that if good timing and good fortune smile upon you, you’re certainly most likely to have greater socioeconomic attainment than your parents. Conversely, if the economy is motoring through uncertain economic tides, you aren’t likely to make as much progress as your parents, or your parents-parents.