I am home with a nasty headcold, one I hope goes away quickly:

• Certamen: A team competition in which contestants answer questions about investing (Reformed Broker)
• International trading opportunities (Fidelity)
• No business built on teenager demand is sustainable (Digitopoly)
• Wal-Mart’s dependence on food stamps, revealed (LA Times)

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.

22 Responses to “10 Midweek AM Reads”

  1. Iamthe50percent says:

    I look at that Fidelity chart and it screams to me that the index is at a top and about to enter another 50% bear market. Mindful of your teaching about how our minds play evolutionary tricks on us, I’m not going to bet on it, but I’m sure not going to put my money into it either.

  2. hue says:

    Amid Wave of Pro-Gun Legislation, Georgia Proposes Sweeping Law (NYTimes) allowing guns in bars, schools, restaurants, churches and airports. can’t wait for the first shootout at Hartsfield Jackson

    Establishment vs Nate Silver: Some Thoughts (om) ‘Data’ the buzzword vs. data the actual thing (Noahpinion)

    How A Predator Drone Works (The Onion)

    since the number of NYC finance suicides are actually low, why aren’t enough finance people killing themselves?

  3. RW says:

    Q&A: Why the Dollar Remains the Reserve Currency

    Q. The U.S., like many advanced economies, has an aging population, a declining work force, growing debts and forecasts that suggest the dollar will weaken over time against the currencies of emerging market economies — which could raise interest rates. That would raise the cost of capital for the U.S., dealing a strong blow to the economy. Is this inevitable?

    A. The dollar is likely to depreciate, partly because the U.S. still has a sizable trade deficit. From this perspective, a dollar adjustment would be good for the U.S. and the rest of the world.

    But it’s not clear interest rates will rise significantly any time soon. The world still clamors for dollars and there is no sign this will end. The world is so eager for protection against financial market mayhem, and there’s such a dearth of safe assets, so people may be willing to pay a high price for safety. It is plausible that there could come a tipping point when foreign and domestic investors lose confidence in the dollar. But this would create turmoil in financial markets worldwide. And that would cause investors to run for cover—right back into the arms of the dollar! So, till a better alternative comes along, for the foreseeable future the world is stuck in the dollar trap.

    NB: A cheaper dollar would be good news for the US economy — more exports and healthier current account — but the dollar trap says it isn’t likely to happen within the forseeable future so the real question remains: With the dollar relatively expensive AKA ‘strong’ (sic) and US borrowing costs low why aren’t we seriouslyupgrading all our infrastructure? The ROI we are getting for supplying global liquidity is so unproductive, such a piss-poor way of doing business, the Austerians and Deficit Scold’s will all be hung in effigy a decade from now; the ability to buy cheap abroad is no substitute for bridges, schools, networks, ports, and jobs at home.

    • Iamthe50percent says:

      “With the dollar relatively expensive AKA ‘strong’ (sic) and US borrowing costs low why aren’t we seriouslyupgrading all our infrastructure?”

      Because the Tea Party says that’s socialism.

    • willid3 says:

      thinking it will stay that way because what exactly else is going to replace it? the Chinese currency? the Russian one? or EURO? none of these are very likely are they?

  4. rd says:

    I assume the Scots will be preparing their mashed grapes over a peat fire to give their distinctive regional flavor to their wines.

    Europe may be demanding their agricultural regional product names back just in time for climate change to make those products not what they were:

    http://www.theguardian.com/lifeandstyle/2014/mar/11/europe-trade-talks-cheese-back-parmesan-feta

    Areas like the Finger Lakes, inland Virginia, the Niagara Escarpment etc. are now starting to produce decent wines. Since the geology and terrain in those areas are similar to the great wine-making regions in Europe, it is likely that they will just get bette with climate change as more grape varieties can be grown at peak conditions. These areas also have regular rainfall with lakes and rivers available for irrigation water as necessary unlike California. I expect that places like the Ohio River valley and other areas may also be conducive to wine-making over time.

    Since North America is all about change, unlike many areas of Europe, agriculture will be much more opportunistics for adapting to climate change except where drought and extreme temperatures make it untenable like the Southwest. However, more of the north will open up as the Southwest becomes poor for agriculture.

    • Crocodile Chuck says:

      “Areas like the Finger Lakes, inland Virginia, the Niagara Escarpment etc. are now starting to produce decent wines. Since the geology and terrain in those areas are similar to the great wine-making regions in Europe, it is likely that they will just get bette with climate change as more grape varieties can be grown at peak conditions” (snip)

      Uh, which great wine making region in Europe is ‘similar’ to inland Virginia?

  5. Conan says:

    5 Industries to Avoid in Your Job Search

    Information, Media and Telecommunications – reported the largest percentage of employers who are unable to offer competitive pay — 28 percent.

    Finance and Insurance – reported the largest percentage of employers who said retaining employees was of little or no concern to them.

    Manufacturing – “watch out” when employers act like they can get anyone to work for low pay. “They probably can — in another country,” she says. And if you do end up taking the job, “they won’t care about your career or your future.”

    Professional, Scientific and Technological Services – reported a year-over-year pay decrease of -0.10 percent and 18 percent of employers said they weren’t able to pay competitive wages.

    Healthcare and Social Assistance – reported a -0.70 percent year-over-year change in pay, and 18 percent of employers said they are unable to pay competitive wages.

    http://career-services.monster.com/yahooarticle/industries-to-avoid-in-job-search#WT.mc_n=yta_fpt_article_industries_avoid

  6. VennData says:

    Teenage demand…

    Google’s original search generates billions in free cash flow. Open system.

    Facebook is losing to Instagram, Snapchat, tossing IPO capital at pie-in-they sky. Closed system.

    Make your choice.

    Oh Microsoft? LOL. Their closed end business model based on Roman Empire. Why are you even thinking about them? Let alone buying their stock? Value? Who will be using ANYTHING they make in seven years?

  7. willid3 says:

    still waiting on US business to spend in the US/

    keep waiting this may take a decade or so

    http://qz.com/192295/that-hotly-awaited-rebound-in-us-business-spending-is-still-awaited/

  8. rd says:

    How FINRA protects investors through careful selection and vetting of arbitrators:

    http://www.reuters.com/article/2014/03/25/us-finra-arbitrator-idUSBREA2O14T20140325

    Just about every state and province now has websites where it is easy to search for current licensure standing for regulated professions. You can even check to see if your barber is legally licensed to cut hair. For the past decade, there has been no excuse to have any fraudulent claims of licensing slide through without being caught by agencies, companies or consumers.

  9. SkepticalOx says:

    http://www.youtube.com/watch?v=-d1N97X2BA0&list=PL239B84BD346EEEFA&feature=share

    Maybe a sexy car being tossed around will make you feel slightly better! Video Review (Chris Harris, again) of Jag F-Type Coupe R. (WANT WANT WANT!)