Good Sunday morning. Here is what I am reading in paradise:

• Rosenberg Sees Inflation After Calling Housing Bust in Recession (Bloomberg)
• Investing Successfully is Really Hard (Above the Market)
• Market needs a correction. But this isn’t 1929! (The Buzz) see also Some Lines Say Maybe the Stock Market Will Go Down (Bloomberg)
• Don’t fall in love with your stocks (Marketwatch)
• From Snowy Atlanta to Sunny Sochi, It’s All About Global Weirding (Daily Beast)
• Science Confirms: Internet Trolls Really Are Narcissistic, Psychopathic, and Sadistic (Slate)
• BofA Shares Zoom Ahead of Other Big Banks’ (WSJ) [we are long BAC]
• A Scientific Explanation of How Marijuana Causes the Munchies (Smithsonian Magazine)
• Karl Rove: Presidents Who Leave Deficits, Bad Economies, and War Are the Worst (NY Mag) see also Cruz Senate Stunt Goes Unpunished as Old Tools Don’t Work (Bloomberg)
• Depressing: More than half of millennials think astrology is science (MotherJones)

3 day weekend!

 

S&P 500 Relative Value by Sector  
sector value
Source: Bank of America Merrill Lynch via Josh

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 Sunday Reads”

  1. Willy2 says:

    - Yep, the usual “Obama bashing” by one of the republican pundits, this time it’s Karl (“make my blood pressure explode”) Rove. Sure, it’s all Obama’s fault, right ? Why not blame Obama for both Global Warming & Cooling too ?

    - I was hoping Rosenberg had seen the light but he’s still right for the wrong reasons. If he wants to signal interest rates are going to rise then I agree but rising rates are the ultimate Deflation, NOT Inflation. In early 2009 he predicted deflation but we got both a stockmarket inflation and bond market inflation (=falling yields).

  2. RW says:

    Time to get real on Comcast-Time Warner

    …the merger is increasing the degree of vertical integration that now extends to markets where Time Warner had the larger downstream position. In other words, the issue here is not the horizontal merger (which doesn’t look like much). Instead, it is the vertical merger.

    …with every potential harm to the public benefit is also opportunity. What would happen if, as part of the conditions to approve this merger (a) content assets were divested; and (b) Net Neutrality was enshrined? That may remove more structural impediments to competition and guarantee that this is a long-term win for consumers. It would be nice if someone were to propose that.

  3. RW says:

    Inequality By Design: It’s Not Just Talent and Hard Work

    …It would be interesting to see what would happen to the big fortunes in the financial sector if it had to pay a small transaction fee, effectively subjecting it to the same sort of sales tax that is paid in almost every other sector of the economy. It would also be interesting to see what would happen to the private equity folks if they lost the opportunity for the tax gaming that is their bread and butter.

    I could go on (read my non-copyright protected book on the topic), but the point should be clear. If the 1 percent are able to extract vast sums from the economy it is because we have structured the economy for this purpose. …

  4. Singmaster says:

    Re: Mother Jones article
    So maybe that guy Goulden with the $5k astro- investing book has timed it perfectly. Guess he saw that in the stars.

  5. rd says:

    What would make Obama a much worse President than Bush would be if Obama left a major financial crisis for his successor unlike Bush.

  6. VennData says:

    The opening paragraph of the Rove piece.

    “… Karl Rove is most famous for being architect of one of the worst presidencies in American history and then a Superpac strategist/delusional Romney campaign-night dead-ender. I’m a Rove junkie, and just as a snobbish fan of any popular band must have some obscure album he finds superior to the band’s most popular work, the Rove career function I find most delightful and rewarding is his work as a Wall Street Journal op-ed columnist. This is the medium that truly pulls back the curtain on Rove’s fascinating combination of insularity from facts outside the conservative pseudo-news bubble, delusional optimism, and utter lack of self-awareness. The Journal column is a weekly gift to amateur Rove psychoanalysts everywhere…”

  7. hue says:

    Our lives with the “stupid masses of people out there that are on that fuckin’ social media” (The Awl)

    New Zealand PM: ‘I’m Not a Reptile’ (3 News) Remember this.

    New Geometric Sandcastles from Calvin Seibert (Collosal) Where are you going on vacation, BR, in Feb?

  8. rd says:

    Re: Astrology

    There is a surprisingly high percentage of Americans who believe that God will protect them from dying from snakebite. One of them just died from a rattlesnake bite.

    http://www.wbir.com/story/news/local/2014/02/16/pastor-dies-after-snake-he-was-handling-bit-him/5529907/

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