Good morning. Here is what I am reading today:

• Wall Street’s Brightest Minds Reveal Their Best Investment Ideas For The Next Decade (Business Insider), see also Squish puny humans, investment theme du jour (FT Alphaville)
• After Crisis, Iceland Holds a Tight Grip on Its Banks (DealBook)
• Albert Edwards’s Gloomy Tone Shifts to Top Gear (MoneyBeat), but see “New All-Time Highs” (Reformed Broker)
• When Will Corporate Profit Margins Contract? (Pragmatic Capitalism)

 

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.

7 Responses to “10 Thursday AM Reads”

  1. hue says:

    Nation Recalls Simpler Time When Health Care System Was Broken Beyond Repair (The Onion) Netflix Instant Thinking About Adding Good Movie (The Onion)

    Vinod Khosla writes a scathing response to 60 Minutes’ ‘Cleantech Crash’ report (GigaOm)

    The return of IPOs: Back with a boom (The Economist)

  2. rd says:

    A good little piece in the Business Insider about West Virginians wondering about why the news was fixated on a NYC traffic jam instead of 300,000 people without clean water and shut businesses:

    http://www.businessinsider.com/west-virginians-still-dont-trust-their-water-2014-1

    I have spent a fair amounto time in West virginia, Kentucky and otehr areas in that part fo Appalachia over the years. The deep poverty in some areas makes it astonishing to think this is actually America.

    Also, I think most people now take fabulous modern infrastructure like clean water supply, wastewater treatment etc. for granted, but it actually hangs by fairly tenuous threads as there are lots of potential failures in the systems that can occur so constant shepherding, maintenance and replacements are necessary to maintain these systems.

    • WickedGreen says:

      Reality has little to do with what is on cable tee-vee, something that BR is kind enough to remind us of frequently enough.

      The adhd circus known as CNBC just reported that cattle futures are rising because it’s frightfully dry in California – in the supposed rainy season. Of course, it’s posited as a commodity price story. A ‘play’ even. Buy now!!

      I’m constantly bemused by the refusal to incorporate earth process and human impact risk by … (alleged) risk managers.

      Is your portfolio tempered by the statistical possibility of a major earthquake in the heart of the 8th/9th largest economy in the world?

      Is your asset allocation imbued with the realization that the inter-mountain west lives in the context of an annual hydrological deficit?

      Is your cheaper Arctic shipping premium offset by your emerging markets natural resource conflict discount?

      Pay no attention at your own risk. Hey, the lights are on and your cube is climate controlled … it’s all good!

    • willid3 says:

      could be i am wrong but maybe the reason many dont complain as they should be is fear? as you noted its a very poor area. might even be considered almost 3rd world level or poverty. so they fear any thing that will impact jobs. no matter what. but the problem in WV has been going on for a while. and exists in other states too.

      http://robertreich.org/post/73471886666

      course then its not just WV that has this we in Texas do it also. Consider West TX. there was an explosion that basically wiped out the town. but did the state step in to maybe reduce the risk of this again? no. and our legislature was even in session then and could have done some thing. but didn’t. so if you have a facility with some explosive materials, they may or may not be making sure they dont blow up the town. sort of like the rail roads (or shippers) who seem to be very lackadaisical about being very careful when shipping oil. leading to a few explosions. some times destroying a town. other times just causing an evacuations. or maybe its that fracking seems to be causing earth quakes. in states that hadn’t been very geologically active.
      but dont expect the government to slow any of this down any time soon.

      but also expect your insurance rates to go up, as insurers become aware that there is more risk is selling you insurance than they bargained for. or that get the state(s) to allow them exclude risks from these events.

  3. Robert M says:

    This is actually mind boggling for 2 reasons. One, it was written by Micheal R Strain from the AEI. Two, Erza Klein himself was the source.

    http://www.nationalaffairs.com/publications/detail/a-jobs-agenda-for-the-right

  4. rd says:

    An interesting article here highlighting the Byzantine procurement process of Congress and the Pentagon.

    http://online.wsj.com/news/articles/SB10001424052702304887104579302180502232524?KEYWORDS=a-10&mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304887104579302180502232524.html%3FKEYWORDS%3Da-10

    The A-10 Warthog has a very unsexy mission of flying low and slow obliterating anything it can get its visual or electronic eyes on. It is one of the best infantry and light armor support weapons since the invention of modern artillery. However, it fits in that grey area of Air Force support of Army and Marine ground troops, which is generally not as high priority to the AF as fighter jets and high altitude bombers. It would take dozens or hundreds of armed drones to provide the same level of close-in support as one Warthog.

    Instead, orders of magnitude more money will be spent on the F-35 joint strike fighter:

    http://en.wikipedia.org/wiki/Lockheed_Martin_F-35_Lightning_II