Happy Merry! Some expertly curated reads to end your light, holiday shortened week:

• Bullishness Jumps to Three-Year High (WSJ) but see Mom and Pop Wary of Stocks (WSJ)
• Bob Peck’s Top 10 Disruptive Themes for 2014 (Reformed Broker)
• Sorry, haters: Unloved stocks had a great year (MarketWatch)
• Abenomics Drives Japan Hedge Funds to World’s Top Performers (Bloomberg)
• Fed wins battle of the exit – for now (FT)
• Why Gold Would Be Useless in an Economic Apocalypse (The Atlantic)
• Bank Of America Economist Torpedoes One Of The Main Arguments For Impending Inflation (Business Insider)
• Send in the Drones? Retailers Ruined This Christmas (Daily Beast) see also Final Tally For All The Amazon Shopping This Holiday Season (Business Insider)
• The Year We Broke the Internet (Esquire)
• The Least Important Writers of 2013 (Gawker)

What are you reading?


10 Year Treasury Yield Touches 3%

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.

9 Responses to “10 Friday AM Reads”

  1. romerjt says:

    Once I discovered that a Chevy Volt would get 100mpg I amused myself by contemplating the disruptive (not strong enough) effect on the whole oil universe. I assumed the penetration of electric or semi-electric cars would be at the low end of the model spectrum focused on economy. Now I’m intrigued by the adoption of it at the high-end with Telsa and how that might actually speed up the penetration process as it becomes fashionable – - really important in our social media world.

  2. rd says:

    Must read story on UPS’s failure to deliver many packages because their airplane fleet became a bottleneck:


    I think one of the major changes is that department stores are now starting to really look at on-line sales as a sales driver. They are even using their mall stores as warehouse stores where they will ship from a store to a consumer who ordered online. As a result, stores were relying on more and more home delivery shifting from consumers’ cars to shipping companieswithout informing the shippers of this ahead of time. It appears that this may have occurred even though it does not appear to have been a stelalr shopping season (although it will probably take a month before that final verdict can be accurately accepted).

    This incident will likely be taught in B-schools for years as an example of multi-industry supply chain mis-management as well as making promises and last-minute sales decisions without addressing capacity questions down the delivery line. As multiple industries squeeze costs out everywhere, excess capacity shrinks or is not expanded so that the potential range of outcomes may not be accomodated.

    As we see with so many things (the Obamacare website as a prime example), execution must be a major part of any strategy . It doesn’t matter how good an idea somebody has. If it is handled incompetently, it will probably be a failure. Desperate managers tend to make bad decisions with regards to execution.

  3. rd says:

    Re: Economic Apocalypse

    One of the reasons that potatoes became popular in Europe was when populations figured out that they grew underground and could be dug up as needed, which was useful in wartime when armies swished back and forth. The armies would take the grain stores and livestock, but would not necessarily figure out that the plants in the field out back were food that the peasants could live on over the winter.

    “Wartime food
    However, Europeans discovered that potato was ideally suited to combat starvation caused by war. It could be planted, hidden underground and dug as needed unlike grains. Moreover, it is easy to cook and as nutritious as any other popular food. When French, Austrian and Russian armies invaded Prussia during the Seven Years War(1756-1763), peasants escaped starvation by eating potatoes. In 1778, the war of Bavarian Succession was called “the potato war” because most of the action consisted of destroying the enemy’s food supplies- which essentially contained huge portions of potato.”


  4. Bob A says:

    it’s a shame these aren’t available here.
    SEAT Ibiza 5 door
    67 US mpg combined
    or this

    perhaps this kind of mileage should be rewarded with similar tax credits to electrics

  5. VennData says:

    I like the Marketwatch follow up line “…Sorry, haters: Unloved stocks had a great year. Stocks that analysts rated negatively in 2013 did better than the ones they liked…”

    But author Brett Ahrends, don’t let that stop you from believing in their Ayn Randian “philosophies.”

    Oh they were totally wrong, again, but they are all right about the evils of Obama. ROFL.

  6. Jojo says:

    Nice to be able to pay $0-60k/year for college and think a $50k car is cheap…
    Chinese Students Major in Luxury Cars
    December 19, 2013
    Chinese students at the University of Iowa began coming into Carousel Motors in Iowa City about three years ago to get their Mercedes (DAI:GR) and Audi (NSU:GR) luxury cars serviced. Finally, general manager Pat Lind started asking if they’d ever considered his dealership when they made their original purchase. No, the students told him. Back in China, they’d been told to buy their wheels in Chicago before heading to college.

    So Lind began sponsoring the university’s Chinese student association, which sends information to incoming students in China before they arrive in the U.S. Sales to Chinese students doubled and now make up about 5 percent of the vehicles sold at the dealership, located about two miles from campus. “We became an advertiser,” Lind says, “and got our face in front of them.”

    The number of students from China enrolled in U.S. colleges and universities reached 235,597 during the past academic year, more than triple the 64,757 enrolled in 2002-03, according to the Institute of International Education. These students often come from families that are better off than the typical American college student’s, says Sid Krommenhoek, a founder of Zinch, a consulting firm owned by textbook rental company Chegg that works with prospective Chinese students. Shelling out $50,000 for a high-end car is viewed as an affordable status symbol compared with back home, where such cars can cost two to three times as much because of hefty import duties.

    Zinch surveyed 25,000 Chinese students last year and found that 62 percent said they could afford to spend at least $40,000 each year on a college education. “Most schools are recruiting [Chinese] students for whom the difference between a $20,000 and a $40,000 education is a rounding error,” Krommenhoek says. “This is a very attractive demographic for foreign brands.”


  7. rd says:

    Apparently DOJ is getting tired of investigating JP Morgan and has decided that they all need a break:


  8. VennData says:

    Domestic Oil Production Up 50% Since Obama.

    Stick that in your tank, GOP.

  9. Stock Soup says:

    reference to ‘unloved stocks’

    lower quality stocks tend to outperform high quality stocks mid-bull-cycle

    a good way to add lower quality shares is RPV an RZV, Both include only the cheapest stocks for their respective indexes (the S&P 500 and the S&P 600 Small Cap). RPV trounced the S&P 500 last year. And I like the combo of big and small caps. Both ETFs are liquid.