Good Twitter IPO morning:

• Going public: How Twitter’s IPO will work (AP) see also The Single Biggest Determinant of Startup Valuations at IPO (Tom Tunguz)
• You’re Not Listening To Robert Shiller If His CAPE Ratio Has You Scared Of Stocks (Business Insider)
• Lifestyle ETFs and investment products based on belief systems (Reformed Broker) see also Ex-Hedgie Now On Index Crusade (Index Universe)
• INVESTING FAIL: Gold Bug Schiff Counters Goldman on First Drop Since 2000 (Bloomberg)
• The FHFA is pushing ahead with a plan to ban fees on ‘force-placed’ insurance. (WSJ) see also
• The Numbers Guy: Public cost of fast-food industry’s low pay remains unclear (WSJ)
• Distressed Home Sales: Rising or Falling? It Depends on the Source (WSJ)
• How Washington Is Wrecking the Future, in 2 Charts (Atlantic) see also Where’s the GOP’s anti-poverty agenda? (Washington Post)
• The antibiotic era is over. And we are cutting health research funding? (Incidental Economist)
• Far-Off Planets Like the Earth Dot the Galaxy (NY Times)

What are you reading?


Major Asset Classes YTD Returns

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.

12 Responses to “10 MidWeek AM Reads”

  1. rd says:

    The GOP anti-poverty plan starts and ends with supply side economics. Tax cuts for the rich means they will hire more gardeners and maids which will raise employment.

    I have been baffled by the rage against food stamps. I can under stand wanting to reform them to focus on healthier eating options but I would figure targeting aid to the poor so that it is spent on essentials would be preferable to just handing them cash.

    • RW says:

      Movement conservatism was always reactionary but every year the level of revanchism seems to kick up another notch; apparently somebody has to pay for the feeling of loss when the country fails to fall in line and the poor or disenfranchised are ready to hand as scapegoats (with the added benefit that punishing them upsets liberals and other bleeding hearts).

  2. RW says:

    The Grey Lady drops a couple air bagels; Dean Baker helps clear the air.

    NYT Endorses Imaginary TPP Deal

    The Trans-Pacific Partnership (TPP) is a trade deal that is being negotiated completely in secret. The main actors at the table are large corporate interests… This might lead one to think that the end product will be an agreement that furthers the upward redistribution of income rather than benefits the bulk of the population.

    It’s Per Capita Growth that Matters for Well-Being

    The NYT had a piece telling readers that growth in Africa has not been able to reduce the number of people in poverty. By not taking population growth into account, it wrongly implied that the continent is seeing rapid growth.

  3. hue says:

    Why I Dumped My Smartphone For a 7-Year-Old Motorola Razr (WaPo) Smartphones Are Killing Us — And Destroying Public Life (Salon)

    Can’t Get Away From It All? The Problem Isn’t Technology — It’s You (Wired)

    ‘Weirdo Ricky’: Maybe Martin Doesn’t Belong in NFL ( “How is bullying something that’s even mentioned regarding the NFL? Because that’s kind of what we’re taught to do — at least on the field — is to bully the guy across from us so we can win the football game.”

    • willid3 says:

      you are right about they NFL ‘culture’. problem is you are suppose to bully the other team. not your team mates. and basically thats true where ever teams exist. bullying your team mates, only ends up breaking the team, as your team mates have no reason to come to tour aide when you need it. wonder if thats not why so many teams that have lots of talent fail? because nobody really thinks they are on team, just a collection of individuals, and maybe there is some bullying against team mates going on

  4. VennData says:

    Tea Party gets trounced from Virginia to Alabama. Moderate Republican wins New Jersey

    The GOP is moving to the left.

  5. winstongator says:

    Shiller’s CAPE is a 10 yr average. We’ve still got some real shitty years in there. I would like to see 3 graphs: CAPE vs. time, which is the graph shown, CAP vs. time, and then CAE vs. time. Knowing why CAPE is rising is important.

    Looking at the S&P500, E10 will be significantly higher when 2013 is included. It will probably rise for 2 more years, level off for 2 years, then rise quickly for 2 years as 2008/9 work their way through the snake. I’m basing this only on how past years get worked through the average.

  6. rd says:

    Rex Nutting does a detailed take-down of the GOP mantra about out-of-control spending under Obama:

    He does some adjustments with TARP etc. to get an accurate baseline, removing that type of emergency, one-off spending that was actually passed under Bush II.

    His conclusion: Fiscal policy over the past 4 years has been a disaster for the economy. federal spending under Obama has increased the least since Eisenhower, even though it has been the biggest economic and financial crisis since the 1930s.

    No wonder, Uncle Ben occasionally sticks his hand up in his Congressional testimony to say “Excuse me. I could use a little help here.”

  7. willid3 says:

    customer service or lack there of?

    business seems to think they do this well.

    boy are they wrong!

  8. willid3 says:

    the quick fix mantra?
    business (and it seems others too) think just a few simple fixes will correct improve any thing

    turns out be wrong almost always.

  9. willid3 says:

    oh oh. banksters ate it again.

    wonder what they have also rigged? so far it seems to be commodities, and any benchmarks that exist.