The reading for from my slow snow-delayed morning commute:

• Here’s The Truth About That 1929 Stock Market Crash Chart That Everyone Is Passing Around (Business Insider) see also Analyst Destroys The Stock Market Crash Chart That Wall Streeters Are Passing Around (Business Insider)
• Two Behaviors That Hurt Stock Investors (Rick Ferri)
• Beware of cashing out (Fidelity)
• Who anticipated the Great Depression? (Econbrowser) see also Who Anticipated the Great Depression? Gustav Cassel versus Keynes and Hayek on the Interwar Gold Standard (Wiley Online Library)
• The IPO bogeyman is dead (Fortune)
• Are Emerging Markets Cheap? (Morningstar)
• New Apple TV hardware references already appearing in iOS 7 builds (9to5 Mac) see also Apple Said to Plan TV Box Amid Time Warner Cable Talks (Bloomberg)
• The Facebook Effect on the News (The Atlantic)
• Westminster is a disaster for dogs — but it can be fixed (The Week)
• F1 pit stop ballet (Kottke)

What are you reading?

 

S&P 500 Earnings (Inflation-Adjusted)

Source: Chart of the Day

 

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. VennData says:

    1) Over 1 Million Added to Rolls of Health Plan in January

    http://www.nytimes.com/2014/02/13/us/over-1-million-added-to-rolls-of-health-plan.html

    We are nearing the tipping point for Ted Cruz to take credit.

    2) Sheldon Abelson’s Internet Jihad.

    http://www.politico.com/magazine/story/2014/02/sheldon-adelson-internet-jihad-103461_full.html

    I have a suggestion for you Sheldon, invest that money in an on-line gaming platform instead of wasting it on lobbyists.

    3) Obama Democrats splitting the Corporatists from the snake handlers on Immigration Reform too.

    “…The idea that’s begun circulating, to do a discharge petition on immigration reform in the House, is a good one and I would urge House Democrats to take it up. It’s clear a majority of the House supports immigration reform. A minority faction has scared Republicans out of acting even though large parts of the Republican base, including business and religious groups, support the bill, making a discharge petition an appropriate remedy.”

    http://m.washingtonpost.com/opinions/ej-dionne-john-boehners-sunshine-band/2014/02/12/ed33ee3c-9421-11e3-84e1-27626c5ef5fb_print.html

    The Tea Party should be honest and vote to allow open borders to any dinosaur that wants to come here, ven if they don’t believe in them, because it’s inevitable…

    4) Minority Babies Are now the Majority.

    http://www.washingtonpost.com/local/census-minority-babies-are-now-majority-in-united-states/2012/05/16/gIQA1WY8UU_story.html

    Better be nice Cracker, they’re gonna remember who was on their side.

  2. hue says:

    A Movable Feast: Hemingway’s favourite burger recipe (BBC)

    U.S. Army Considers Replacing Thousands of Soldiers With Robots (IEEE Spectrum)

    It’s over: Jeb Bush will be the GOP nominee in 2016 (The Week)

  3. 4whatitsworth says:

    http://pragcap.com/weak-retail-sales-weak-q1-gdp

    Hmm stocks up on bad news today.. That makes me wonder if QE4 or at least QE3.1 is in the air..

  4. RW says:

    It seems folks are beginning to recognize that many large corporations are the real welfare queens WRT their direct and indirect public/social subsidies but that may not go far enough in some cases; there is a qualitative as well as quantitative difference between leeches and vampire squids.

    Nelder: Peak Oil Isn’t Dead

    Since at least 2005 there has been a massive increase in the financial investment to fund production in oil. This has been paid for by higher prices for fuel. …

    The world, in summation, already has an energy-related transport crisis in the respect that the fuel we use to run our vehicles is now much, much more expensive than it was compared to a decade ago and the prices continue to rise at a faster rate than our incomes do. The result can only be reflected in a lower general standard of living without changes in lifestyle.

  5. DiggidyDan says:

    Corporate America Is Finally Getting Nervous About Record-High Profit Margins
    http://www.businessinsider.com/goldman-margin-expansion-difficult-in-2014-2014-2

    Seems that our corporate overlord masters of the universe are beginning to get a bit worried that their massive profit off of the misery of the public will not be sustainable in the coming future. With rising rates, more taxes, higher input costs, and an improving labor market, it seems the gravy train will begin descending down the other side of the mountain. Hopefully it stops in the valley and the unwashed masses can partake in just a bit of that sweet, sweet, gravy. In the mean time, make sure you are invested in “margin makers” and not “price takers” as the compression begins.

  6. That paper by Irwin on Cassel and the Great Depression was fascinating, though I can’t help but question the conclusion that Cassel had the answer about getting out of the GD.

    I mean, his story of getting in makes a lot of sense, but haven’t we sort of re-run this experiment recently with massive monetary stimulus and discovered that some good old fashioned demand-side Keynesian pump-priming should at least be considered because monetary actions tend to lose traction once deflation (or disinflation) takes hold? I’m not sure, but it seems that the end-all, be-all answer is still elusive.

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