Wow, its Friday already? This week went by quickly! Here are your pre-weekend reads:

• Why Inflation Matters (Fidelity) see also No Inflation in the Developed World Despite QE (Pragmatic Capitalism)
• The Yellen Doctrine: Robust Growth Is the Priority, but Bubbles Matter (New Yorker)
• Is Europe Making a Comeback? (BlackRock) see also Why Draghi was right to cut rates (FT)
• Ireland closes chapter in euro crisis with plan to end its bailout program (Washington Post)
• Why Google and KKR are teaming up to do big solar deals (Quartz) see also Bonds Backed by Solar Power Payments Get Nod (NY Times)
• Sweet spot for stock sales: Executives give favorable stock guidance, sell shares, then disclose bad news. (WSJ)
• Business Insider Passes CNBC in Key Traffic Measure (24/7 Wall St.) see this example why Here’s Everything We Know About The Leak Of The Century (Business Insider)
• The Invention of Leisure (Epicurean Dealmaker)
• Viral Journalism and the Valley of Ambiguity (io9)
• Learning from Jeff Bezos (Seeking Wisdom)

What’s up for the weekend?


Earning Season Ends

Source: Bespoke


Bloomberg View



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.

9 Responses to “10 Friday AM Reads”

  1. RW says:

    Cat bonds wouldn’t have helped the Philippines

    Super Typhoon Haiyan might well have been the biggest and strongest storm in recorded history, with wind speeds exceeding 200mph and hurricane-force winds extending more than 50 miles from the storm’s eye. …[however], far from demonstrating the need for catastrophe bonds, [it] actually does the opposite: it’s a pretty clear example of a case in which cat bonds would have been superfluous.

  2. WFTA says:

    Over priced barbeque and the Rice homecoming football game.

  3. “A panel of bank regulators has been gathered before the committee and she immediately criticizes the strength of their spines. ‘The question I really want to ask is about how tough you are,’ says Warren, now brimming with indignation. ‘Tell me a little bit about the last few times you have taken the biggest financial institutions on Wall Street all the way to a trial.’ There is silence from the hapless group, reduced now to browbeaten props, and claps from Warren enthusiasts in the hearing room. After a long pause, the senator leans in and asks, bitingly, ‘Anybody?’”

    Mad as Hell (Politico)

  4. RW says:

    Noise, Fed policy, labor share and current account aside, the baseline story is very straight forward.

    Why Stocks Are At An All-Time High

    …[in nominal terms] The American economy is bigger than it’s ever been, so corporate America as a whole is more valuable than it’s ever been. That makes perfect sense.

  5. hue says:

    Todd Harrison: Last year I offered the cannabis industry was my best investment thesis for the next decade. That food chain evolved. Pot Vaporizer Boom Leads to Secret Stoners (NYPost) (BR’s Gift Giving Guide)

    Uncle Toucan Sam: The Nasal Ranger Sniffs Out Skunk Weed (The Denver Post)

    The Bearable Lightness of (The Atlantic)

  6. RW says:

    Treating secondary or tertiary problems as primary or, worse yet, fixing problems that never even existed in order to maintain the appearance of ideological consistency is not a recipe for macroeconomic success.

    When the putative ‘paper of record’ uncritically reports those fixes as if they were real-world solutions it can only amplify FAIL. Just say’n.

    NYT Reinvents History of Euro Crisis

    … the euro crisis is about a collapsed housing bubble leading to a severe recession. Te budget deficits were an outcome of this collapse.

    But the NYT has decided to reinvent the history of the crisis. It told readers that the problem in the euro zone was overspending.

  7. willid3 says:

    QE was really printing money as much as it was an asset swap. bad for good of course
    care to guess who got the bad?

  8. willid3 says:

    did you think that it was only a current change to news organizations where they ‘phoned’ it in?

    seems not.

  9. Jojo says:

    NY Times
    Off the Charts
    Around the World, Inflation Is Hitting Lows Not Seen for Years
    Published: November 15, 2013

    AMERICAN inflation, which has seemed to some conservative economists to be an impending threat ever since the Federal Reserve began to buy large quantities of government securities, appears to be falling to levels lower than any seen in recent years. There are similar declines in many European countries.

    The decline in the inflation measure most watched by the Federal Reserve — the personal consumption expenditures deflator — could provide a reason for the Fed to delay the widely expected tapering of bond purchases. Last week, the government reported that the price index had risen only 0.9 percent over the 12 months through September. “Fed officials have said that their ultra-easy monetary policy is justified not only by weakness in the labor markets but also by declining consumer price inflation, especially if it gets too close to deflation,” Ed Yardeni, the chief investment strategist of Yardeni Research, wrote this week. “They’ve indicated that even if the unemployment rate falls down to 6.5 percent, they might be in no rush to tighten policy if inflation remains too low.”