Good Sunday morning:

• Sell-Side Analysis Most Useful When Most Wrong (Bloomberg)
• Prosecutors say ‘Wolf of Wall Street’ is continuing to stiff his victims (WSJ)
• Why The Christie Mess Is Even Worse For Him Than It Seems (BuzzFeed) see also 5 reasons Chris Christie might be lying (Salon)
• Legal Weed’s Strange Economics in Colorado (Businessweek)
• Rebalancing A Blind Spot (Index Universe)
• How the ‘value trap’ squeezes Windows PC makers’ revenues and profits (The Guardian)
• Everything You Need to Know About the Healthcare Slowdown (The Atlantic)
• The new New York Times: making the concept of redesign obsolete (The Guardian) see also Native ads grow up (Columbia Journalism Review)
• The Flying Tomato Would Rather You Not Call Him That Anymore (NY Times)
• Jeff Jampol keeps Janis Joplin, Jim Morrison and Tupac Shakur in the spotlight. (WSJ)

Whats for brunch?

 
Apple devices flow into corporate world.

Source: WSJ

I wonder if this Accelerates or Reverses? 

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.

10 Responses to “10 Sunday Reads”

  1. Seaton says:

    Uhm, Barry, didya see this? I’m a bit surprised at the caustic attitude of his essay, about your stand on goldbugs, as an investment, trading, etc. Pretty disappointing bit of ranting from my perspective. Thought I’d share. Nice photos of the old BMW, wish I could own one.

    http://seekingalpha.com/article/1940081-10-reasons-barry-ritholtz-is-wrong-about-gold?source=email_authors_alerts&ifp=0#

    • I started reading it, but got bored.

      Could not get past the first point. Felix knows perfectly well that writers don’t write headlines, but rather editors do. That made me think he was not being very sincere in his criticisms.

  2. hue says:

    Kindle Vending Machine Shows How Amazon Could Take Over the World (Wired)

    The ‘Freedom’ Bush Left to Iraqis, 10 Years Later: A Bloodbath Civil War (Altenet) Fallujah? Where are the oil revenue, contracts?

    What Do Satanists Believe? (The Economist) Ancient Chinese Secret: Matrix, Timetable Hidde in 2,300 Year Old Bamboo Strips (Nature)

    • rd says:

      I think many of the contracts went to the Chinese because nobody was mad at them and they came bearing money, not guns. The Middle East was deliberately set-up to the fail by the Western powers after WW I. It was aprtitioned so that there would be multiple competing groups in each country so the countries would be easier to control. T.E. Lawrence drew up maps of how he thought the area should be structured to allow for effective self-governance. Those maps were deliberately ignored. As a result, we have had a century of of alternating civil unrest within countries and dictatorships.

  3. rd says:

    Jordan Belfort is an American citizen and needs to file a tax return each year outlining his worldwide income, so it should be pretty easy to figure out what income would be available to be shared with victims. If he is not declaring his Australian income to the IRS, then that becomes another route to the pokey.

    One of the questions I have had is why the Feds don’t pursue more drug charges against bad actors like Jordan Belfort living wild. An unbelievably high percentage of Americans get arrested before age 23, with a lot of those arrests being for drug-related offenses. As a result, a high percentage of poorer America is made much less employable. The focus of the articles is on the minority arrest rates, but young white males are also arrested at staggering rates. Drug-related offenses have a low difficulty threshold compared to financial crimes and are often accompanied by mandatory minimum sentences.Those opportunities to be arrested should be shared with the higher income levels.
    http://blogs.wsj.com/law/2014/01/08/study-49-of-black-men-are-arrested-by-age-23/?KEYWORDS=arrest+23

  4. rd says:

    Everything boils down to execution. In the West Virginia chemical spill that has left multiple counites without water, the media has identified that authorities knew that this plant had this chemical:

    http://www.marketwatch.com/story/authorities-knew-about-hazard-near-water-supply-2014-01-12

    It would be stunning news if the authorities did NOT know about this chenical because RCRA requires chemical inventories be reported to USEPA and/or state agencies on a regular basis. The chemicals are supposed to be stored within secondary containment structures that will hold all of the chemical that could spill. Clearly, the secondary containment system was either inadequate in volume or was improperly maintained and operated.

    BTW – these are the types of regulations that are frequently cited as “over-bearing” and “excessive” and the need should instead be determined by the private sector as the market will rationally allocate the risks and rewards. I wonder if anybody from the Chicago School of Economics or the Heartland Institute to interview residents of that area to see if they are in favor of reduced government regulation and reliance on the corporations to protect their drinking water supply.

  5. VennData says:

    Update from the war on President’s Day:

    I sitting in my basement seething about BARNEY FRANK today.

  6. slowkarma says:

    I live in New Mexico and California, and you know how much I’m interested in Chris Christie’s lane closures? Zero. Nada. Not at all. He could close the whole bridge, and I wouldn’t be interested — and, I suspect, neither would anybody in about 48 other states. What fascinates me is the East Coast coverage by so-called “national” papers like the New York Times. The other day, the NYT gave about 2 and 2/3 full pages to this lane-closure crisis. In the meantime, a couple days before, the former secretary of defense came out with a book that said a lot of what I felt were extremely important things about the conduct of American foreign and military policy under two Presidents. How much coverage did the NYT give to that, on that same day as the Christie crisis? None. I could not find in the entire paper a single line about Gates’ disclosures. All of this suggests to me that for the NYT, the world stops about a hundred yards on the other side of the Hudson (or however far the on-ramp was from the river.) For a national paper, it was laughable, but in a very sad way.

  7. JMH says:

    Between Apple, Google, and Microsoft, I would say Google has the best strategic vision. I don’t think Microsoft has to worry too much about losing Windows sales to Mac OS and the expensive Apple hardware required to get it. The Chromebook is a different story. (Who the &*()^%$ at Microsoft thought it was a good idea to have the Pawn Stars people give Google free advertising?)

    Apple is losing market share to Android in all markets and even Windows Phone in emerging markets:

    http://gadgets.ndtv.com/mobiles/news/windows-phone-devices-outselling-apples-iphone-in-24-markets-microsoft-468119

    Prepaid plans are exposing the price of the iPhone. Why buy a 5S when you can get a Nexus 5 for $250 less? Once you are in the Android ecosystem, why by an iPad?

    Tim Cook is definitely not Steve Jobs.

    It appears that Larry Page is a better CEO than Eric Schmidt. Not that surprising, What did Schmidt do for Novell?

    “Novell’s decline and loss of market share accelerated under Eric Schmidt’s leadership, with Novell experiencing industry-wide decline in sales and purchases of NetWare and a drop in share price of $40.00/share to $7.00/share.”

    http://en.wikipedia.org/wiki/Novell

    Never understood why Brin and Page hired him.

    Microsoft is a wild card. It either does a Blackberry dive, or recovers and clobbers everyone else with a unified platform strategy among other things. Windows 8? Screwy but good under the hood. Windows 8.1? Still screwy but a lot better than 8.0. Windows Phone 8? Not bad. Nokia hardware? Good, even great. How many variations of touch netbooks, tablets and notebooks run Windows 8? A lot. Microsoft only needs one thing to make everything work. The right CEO. After doing a bit of research, I know who that person is:

    It is … … …
    … … …
    NO CARRIER