Here are my Friday reads to wrap up your workweek!

• SURVEY: What Financial TV Network Do You Watch? (Business Insider)
• An Optimistic View of the United States (Economix) but see The Most Wonderful Time of the Year May Not Be All That Wonderful for Retailers (WSJ)
• Americans Recover Home Equity at Record Pace (Bloomberg)
• Nine reasons the filibuster change is a huge deal (Washington Post) see also One huge effect of filibuster reform: Obama can actually fire people (Washington Post)
• Active Managers Stink? Blame These All-Too-Common Fund Flaws (Barron’s)
What Constitution? Example of how the police can search your car without a warrant or your consent (boingboing) see also Drivers Stopped at Roadblock Asked for Saliva, Blood (NBC DFW)
• The World’s Most Powerful Computer Network Is Being Wasted on Bitcoin (Gizmodo)
• NASA Announces Plan for Capturing Asteroid (National Geographic) see also Will an Asteroid Destroy You Before You Finish This? (Bloomberg)
• The iconic lead statuette of the Maltese Falcon from the 1941 film of the same name (Bonhams)
• The music video for ‘Like a Rolling Stone’ by @bobdylan is an innovative digital take on an old theme (WSJ) see also Official Interactive Video for “Like A Rolling Stone“ (Bob Dylan)

What is up for the weekend?


Nobelist’s Valuation Measure Draws Questions

Source: WSJ


Category: Finance, 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.

14 Responses to “10 Friday AM Reads”

  1. swag says:

    Apparently Tyler Cowen has graduated from the econ blogosphere to become the new Moustache of Understanding

  2. hue says:

    Japan’s Losing Battle Against ‘Goldman Sachs With Guns’ (Bloomberg)

    The Detroit Bankruptcy (Demos)

    Teen Credits Concussion With Giving Him His Musical Talents (CBS Denver)

  3. martin66 says:

    Poor survey construction at the first link. Fails to include “Other” and “None”. More promotional than educational.

  4. rd says:

    Tracking exuberance – This time is different

    The interesting thing about the long-term CAPE history is that there is typically a long period of 20 years in the blue zone (below 20) before it recrosses back into the yellow zone (above 20) . That only took weeks in 2009 and early 2010. There is also typically multiple tops with successfully lower peak CAPE values as the secular bear grinds along.

    The Fed has clearly and deliberately targeted high prices for stocks (resulting in high CAPE), low mortgage interest rates, and TBTF bank solvency as their three proxies for lowering unemployment. The old mantra “Don’t fight the Fed” still seems to be the primary underpinning of the absolute values of stocks while the EPS is still driving the direction that stock prices take.

    I still don’t see how stocks continue a strong uptrend unless sales and revenue rise significantly except if the Fed keeps their foot to the floor on the gas pedal.

  5. VennData says:

    Author wins Copyright Case for Matrix movie

    Now, if only ALL the Hollywood writer rip-offs would be uncovered, we’d have something going here. And THEY are the ones who don’t want their movies copied ROFL at these crooks.

  6. mrthinks says:

    I want a ‘none of the above’ on election ballots. Wouldn’t that be fun?

  7. VennData says:

    Let’s let the GOP fight and fight and fight and stop them fighting us, people.

  8. NoKidding says:

    ” SURVEY: What Financial TV Network Do You Watch? ”

    With sites like this, why watch any? Information density on TBP and others is superior by orders of magnitude.

    Kramer vs. Durden? No contest.

  9. Bomber Girl says:

    mrthinks, THAT (“none of the above”) is the best idea I heard today. although my personal favorite idea for congressional elections (particularly House of Reps) is we use a system akin to the jury system…We are all eligible to serve, you get called, you show up for a year, you get it done, you go home. Civic duty. No cash from lobbyists.

  10. Giovanni says:

    RE: Bitcoins

    No one would spend the FLOPS if there wasn’t a demonstrable possibility of arbitrage but doesn’t this just mean that the value of alternatives vs. ‘official’ fiat currencies is on the rise?

  11. Giovanni says:

    I was in grade school when JFK was assassinated but I still remember they rolled TVs into the classroom that afternoon in our Philadelphia school, who knew they had TVs? The big point is that guys like Art Cashin and Bill Siedman lived history and have so much to teach us whipersnappers. Harry Truman said there’s nothing new in the world but the history you don’t know and it’s more true in investing than anywhere else.

    Thanks for sharing that bit of history, I’m very thankful for all that people like Art and Bill have shared over the years.