My Tuesday morning roundup:

• Everything You Always Wanted To Know About The Stock Market But Were Too Afraid To Ask (BuzzFeed)

• Damn you, Mr. Sharpe (Barnejek)

• No, neither of these charts should scare anybody:

  1. Spooky Shades of 1987 (WSJ)
  2. The chart that’s scaring Wall Street (MarketWatch)



Continues here


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. RW says:

    Here we go again

    1) Government embarks on austerity, to try and maintain the confidence of the bond markets. We must preserve the AAA rating for our government’s debt, says the finance minister.

    2) Austerity reduces demand, helping create flat or negative growth.

    3) As a result, deficit targets keep being missed. Additional austerity is imposed, and growth declines again.

    3) Country loses its AAA rating, and the credit rating agency gives concerns about poor growth as an important factor for the downgrade.

    4) This confirms our fears, says the finance minister. We must redouble our efforts to reduce our debt.

    This will sound familiar to UK ears, but it is also what has just happened in the Netherlands.

  2. Bob is still unemployed   says:

    Looks like vinyl isn’t dead after all…

    Today, the Biggest Record Store in NYC Opened for Business (

    “Virgin Megastore shut down its last North American store in 2009 and British music giant HMV announced bankruptcy in early 2013. So how is it that America’s biggest new record store just opened for business today? Selling … you know, the stuff you can hold in your hands…

    “Located near the East River, Rough Trade NYC is the new stateside cousin of the London-born record retailer, which opened its first tiny shop on Kensington Park Road in 1976. Today, a 15,000 square foot playground has launched in Brooklyn, giving new hope to record enthusiasts….”

  3. hue says:

    China’s ADIZ and the Japan-US response (The Diplomat)

    We Wrote a Heartbreaking and Terrifying Post about Viral Content without Lists or GIFs. Then You Clicked on It, and Magic Happened. (The American Prospect) Why Are Upworthy Headlines Suddenly Everywhere? (The Atlantic) It’s all Algos, Facebook and ball bearings

    Blessed Are the Cheesemakers: 2013 Was Big Year for Naming Your Baby ‘Cheese’ (NY Mag)

  4. willid3 says:

    bailing out GM has worked pretty well.

    if we hadn’t the losses from the collapse of US auto parts companies would have triggered even more collapses at Ford, and any other car maker producing cars in the US. since they all share the same suppliers. and GM was a very large parts buyer.

  5. rd says:

    Homeland Security and corporate interests are eliminating another great part of American culture:

  6. VennData says:

    The Wall Street Journal Opinon page.. remember them? one of their brilliant “free market solutions” was to tear down housing.

    “So far, Washington has put its political capital into trying to refinance salvageable homes for unsalvageable homeowners, when a relevant policy would consist of judiciously buying unsalvageable houses and demolishing them. Fannie and Freddie’s strength is housing market software: They could be put to work devising a least-cost, maximum-bang strategy for demolishing unoccupied homes to preserve as much value as possible for the homeowners and mortgage creditors who remain.”

    They may not champion tearing down housing, but they sure like to remove the links to their past daily spiel of nuttiness:

    Holman Jenkins is a loonball.

  7. rd says:

    The Tea Party have made it imperative that military funding should be generally untouched and cuts should be focused in otehr areas of government spending. Here is an example of why the miliatry cannot survive if they had spending cuts:

  8. willid3 says:

    oh oh. look out the banks are about to have more mortgage problems

    seems they are looking at the secondary loans, and finding out that since a lot of the first mortgages are under water, that their seconds are too. only they dont want to admit that. imagine that!

  9. willid3 says:

    hm the taper is back? only inflation isn’t playing along?

    and they can’t imagine why that is? must need new glasses!