Some reads for your Wednesday morning:

• Individual Investors Lose Money When Using Technical Analysis (Value Walk) see also And the Chart Says: Oh Dear God No (FT Alphaville)
• Goldman Sachs: What Happens If Elon Musk Is the Next Steve Jobs? (MoneyBeat)
• The Pending Failure of a Major Chinese Property Developer Looks a Lot Like Pets.com (Quartz)
• The New Age of Crony Capitalism (Economist)

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.

10 Responses to “10 Wednesday AM Reads”

  1. ilsm says:

    Crony Capital does not even mention defense.

    The F-35 is $400B in government investment so Lockheed can skim rents off $1000B in sustainment and trying to make it do something.

    The Littoral Combat Ship is contrived missions for ships that fail the test so Australain and Italian owned shipyards cam profit building the ships and collect rents forever…..

    In US 16% of outlays go directly to the “unwarranted influence” Ike’s term for crony capital.

  2. gman says:

    I always find the when inequality come up that “income” is always the metric. Wealth is much more unequally distributed. Wages and ordinary income are already much more highly and progressively taxed that the way the wealthy make their money(carried interest, muni interest, cap gains and offshore and trust vehicles,)

    How many of the Forbes 400 got there by earning wages or ordinary income? NONE.

    Are the pundits using “income” as the metric that clueless or are they just afraid to offend the various media/think tank moguls and patrons?

    Invariably the “remedy” is to raise taxes on ordinary income and wages..some people NEVER lose.

  3. Bob is still unemployed   says:

    Asteroid to Black Out Bright Star Regulus (skyandtelescope.com)

    “…Get ready for the best and brightest asteroid occultation ever predicted for North America. Late on the night of March 19–20, the faint asteroid 163 Erigone (eh-RIG-uh-nee) will briefly eclipse the bright naked-eye star Regulus for more than 20 million people in the New York metropolitan area and parts of Long Island, New Jersey, Connecticut, upstate New York, and Ontario. The star will wink out of sight for up to 14 seconds around 2:06 a.m. EDT on the morning of the 20th for New Yorkers, and a minute or two later farther north. …”

    Unfortunately, for the NYC area, the weather does not look like it will cooperate.

  4. gordo365 says:

    Call me cynical – but if GS is saying Tesla isn’t a good long term investment – that means they are buying hand over fist…

  5. Conan says:

    http://www.theatlantic.com/education/archive/2014/03/the-myth-of-the-science-and-engineering-shortage/284359/

    The Myth of the Science and Engineering Shortage
    American students need to improve in math and science—but not because there’s a surplus of jobs in those fields.

    Were there to be a genuine shortage at present, there would be evidence of employers raising wage offers to attract the scientists and engineers they want. But the evidence points in the other direction: Most studies report that real wages in many—but not all—science and engineering occupations have been flat or slow-growing, and unemployment as high or higher than in many comparably-skilled occupations.

    It is true that high-skilled professional occupations almost always experience unemployment rates far lower than those for the rest of the U.S. workforce, but unemployment among scientists and engineers is higher than in other professions such as physicians, dentists, lawyers, and registered nurses, and surprisingly high unemployment rates prevail for recent graduates even in fields with alleged serious “shortages” such as engineering (7.0 percent), computer science (7.8 percent) and information systems (11.7 percent).

    Far from offering expanding attractive career opportunities, it seems that many, but not all, science and engineering careers are headed in the opposite direction: unstable careers, slow-growing wages, and high risk of jobs moving offshore or being filled by temporary workers from abroad.

    Among college-educated information technology workers under age 30, temporary workers from abroad constitute a large majority. Even in electrical and electronic engineering—an occupation that is right at the heart of high-tech innovation but that also has been heavily outsourced abroad—U.S. employment in 2013 declined to about 300,000, down 35,000 and over 10 percent, from 2012, and down from about 385,000 in 2002. Unemployment rates for electrical engineers rose to a surprisingly high 4.8 percent in 2013.

    • willid3 says:

      well that myth is useful to make sure we keep their pay down?

    • willid3 says:

      also makes it so that colleges and universities can keep their enrollments up. otherwise they would fall a lot as many concluded that those weren’t viable degrees. might also have responsibility for why dont value college education any more.

    • Init4good says:

      It boils down to the world, esp the US, certainly does not use science / engineering to make important decisions. Sure, to construct buildings and bridges requires fairly precise engineering and science basics, but a very few engineers can satisfy the commercial business needs of any large industry, so why hire anymore than necessary to conduct business? Face it, the vast majority of decisions are decided based on money or politics. The majority of folks in the US are severely science-impared, and it has gotten much worse – now that almost everyone has been immersed in the ignorance of the MS media and divisive politics for the past 25 years.

      Most americans still believe there were weapons of mass destruction in Iraq, and that world trade center bldg 7 collapsed due to fire – need I say more?

  6. willid3 says:

    so just why does investment income from over seas end up in US GDP?

    http://abcnews.go.com/Business/wireStory/us-current-account-deficit-falls-14-year-low-22965934