Good morning.  Here’s what I’m reading to kick off Tuesday:

• Bull Market Rivals ’90s at Half Valuation as Demand Broadens (Bloomberg) but see also Bull Market Looks Good, But Beware Ides of March (Barron’s)
• 401(k)s are not the problem. You Are (Washington Post)
• The “Easy Money” Myth (Reformed Broker)
• Hilsenrath Analysis: Fed Likely to Continue Taper, Consider Changing Forward Guidance (Real Time Economics)

 

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.

9 Responses to “10 Tuesday AM Reads”

  1. hue says:

    Spaced Out Nation: Report for WH estimates Americans spent $109B, five times more on drugs than at bars (BusinessWeek)

    Drones will cause an upheaval of society like we haven’t seen in 700 years (Quartz)

    11 Times ‘The Simpsons’ Predicted the Future of Technology (Mashable)

  2. Bob is still unemployed   says:

    How America’s internet can become the fastest on Earth (theweek.com)

    A bit of history: When President Clinton signed the Telecommunications Act on Feb. 8, 1996, The New York Times reported that the bill “knocks down regulatory barriers and opens up local telephone, long-distance service, and cable television to new competition.” For a while, it did. By the year 2000 — thanks to common carriage and line-sharing rules carried over from the telephone industry — there were more than 9,000 internet service providers in America. That meant very robust competition.

    Then the Federal Communications Commission deregulated the broadband market with two game-changing decisions. In 2002, it decided not to extend common carrier rules to cable companies. And in 2005, the agency dropped the line-sharing rule for DSL service, following massive lobbying from cable and telecom companies. This meant that broadband infrastructure did not have to be shared with other broadband companies, allowing infrastructure-owning providers to become large monopolies. New entrants to the marketplace often have to dig their own lines. By 2005, the number of internet service providers had plummeted to less than 2,500.

  3. rd says:

    Low PE ratios indicate that there is still lots of room to run in this bull market:

    http://blogs.marketwatch.com/thetell/2014/03/10/stock-markets-frothy-valuations-are-still-far-from-tech-boom-extremes/

    Still pining for the good old days of 1999-2000 when cash flow, earnings, and revenue were merely quaint anachronisms. The old gold standard of bull market targeted gains was 1929 but that has been replaced by 2000. It can’t be considered a real bull market anymore unless it re-achieves those valuation peaks.

  4. Robert M says:

    I can’t remember the rule that was abused during the finance crisis that allowed financial institutions to mark to mkt their collateral(127?) but this appears to be another shell game that the FED is going to allow in that once again the industry will decide what pricing is:
    http://www.bloomberg.com/news/2014-03-10/repo-fire-sale-proposal-said-within-reach-after-fed-sounds-alarm.html

  5. willid3 says:

    maybe its just me, but isn’t the falling sales a bigger sign that some thing is wrong?

    http://pragcap.com/10-warnings-signs-of-stock-market-exuberance

  6. willid3 says:

    getting the government out of mortgages by not getting it out of them?

    http://www.reuters.com/article/2014/03/11/us-usa-housing-idUSBREA2A0YU20140311

    so did any body really look at the crash in the private mortgages after 2008? do they not understand lenders don’t want to have 30 notes at all? cause thats way to long for them?
    and if the goal was to get government out of mortgages, why dont they just do that? and no have government be a re-insurer?

  7. thomas hudson says:

    berkshire hathaway dramatically ramped up lobbying activity in 2009, much of it for BNSF:

    https://www.opensecrets.org/lobby/clientsum.php?id=D000021757

  8. Singmaster says:

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    http://gourmetfestcarmel.com/tickets/
    Rarities Dinner with Aubert de Villaine, Véronique Drouhin and Olivier Krug
    $5,250 per person | SOLD OUT
    Friday, March 28, 2014 | 6:30 pm