OMG, three day weekend!    Continues here

• Stocks are STILL the best bet (The Buzz) but see Penny stocks rally, fueling big-dollar dreams (WSJ)
• CAPE, Forward Returns and You (Reformed Broker)
• Fear ‘the banksters,’ not the stock market (The Week) see also It Wasn’t Household Debt That Caused the Great Recession (The Atlantic)
• Checklist: How to Spot a Bubble in Real Time (TBP)

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.

17 Responses to “10 Friday AM Reads”

  1. VennData says:

    Netanyahu Says Obama Got Syria Right

    http://www.bloombergview.com/articles/2014-05-22/netanyahu-says-obama-got-syria-right

    Nice to see that at least the foreign right wingers can admit they were wrong. Obama did what he said he was going to do.

    I bet none of the GOP Media Machine does the same.

    The GOP are clowns.

  2. VennData says:

    Meg Whitman, job creator.

    http://www.nbcnews.com/business/business-news/hp-plans-more-job-cuts-ceo-meg-whitmans-turnaround-effort-n112486

    Instead of hearing more about those GOP job creators, can we hear more about how timid executives miss every technology opportunity while earning massive salaries?

  3. ch says:

    RE: spotting bubbles? Note that 7 of the 10 richest counties in the US now surround Washington DC per WaPo. That’s merely one of the checklist items that the most obvious bubble out there currently ticks off: US Treasuries.

  4. willid3 says:

    maybe part of the reason we have higher unemployment?

    and because of the 41% error rate, companies may have actually hired some one that they should or wouldnt have?

    http://qz.com/211178/you-should-fear-background-checks-even-if-youve-done-nothing-wrong/

  5. hue says:

    Buttonwood: One dollar, one vote. When it comes to setting policy, the views of businesses and the rich seem to count for more (The Economist)

    Facebook Product Guy Slams Buzzfeed And Vox In Rant About The State Of News (Forbes) How algorithms decide the news you see. Past clicks affect future ones (CJR) and movies and music

    Hellish desert crater has been burning for 40 years (boingboing)

    • RW says:

      Matthew Yglesias comments on Facebook product guy rant

      Facebook product director furious at Facebook’s effect on news

      …. Traffic on the internet right now is all about Facebook sharing behavior…. On Twitter if you share something, your followers see it. On Facebook, what is seen is driven by algorithm that Facebook controls–if they wanted to promote more hard news they could do it….

      …If Facebook executives don’t like a world in which those are the kind of stories people read, they should do something about it…

  6. VennData says:

    Bill Fleckenstien’s predictions from last year…

    ​”…However, following the crack in Japanese bonds, my friend the Lord of the Dark Matter said, “I would expect in the coming days (and given the violence of this selloff, it is days, not weeks) that central bankers will reaffirm their commitment to liquidity and that they are ‘all in.’ They will make their intentions both clear and unambiguous. If the markets don’t stabilize after that, then it is ’1987 time’ for equities.”

    I totally agree. Eventually, even the really slow learners should be able to understand that the central banks are trapped and that their only choice is between depression and easy money…”

    http://money.msn.com/bill-fleckenstein/post.aspx?post=1a1ea896-7df1-493e-8680-defcd0de8b87

    ​Just another ass clown who you should never, ever listen to.​

  7. betheball says:

    Regarding Penny Stocks. I’ve noticed many of the legalized marijuana stocks have cratered after popping the first days of the year. As in literally losing 90% from their very brief peak. Maybe that’s why the guy made the reverse move from Cali to Tennessee.

  8. willid3 says:

    corporate tax loop hole? buy a foreign company, and move your address to it, presto, you get to use the new home countries tax rates. even if you dont move any thing else to the new home country.

    and the new home country doesnt even have much of stake in the company either.

    http://www.newrepublic.com/article/117843/levin-brothers-want-end-tax-inversion-gop-refuses

  9. willid3 says:

    maybe a better way to do health care in the US?

    http://www.msnbc.com/msnbc/vermont-progressive-alternative-obamacare

  10. willid3 says:

    are we slipping back into what caused the great recession?

    only this its different?
    not

    http://www.nakedcapitalism.com/2014/05/widespread-signs-credit-market-froth.html

  11. rd says:

    A good article to read the next time you think you have had a bad day at work and you think the stress is intolerable:

    http://www.theatlantic.com/technology/archive/2014/05/fire-shelters/371421/

  12. Jojo says:

    Today I Found Out
    $311 and a Hot Dog Cart- The Founding of $928 Million Company
    May 23, 2014

    In 1941, Carl N. Karcher, a 24 year old man who had dropped out of school in the 8th grade to work on a farm, and his wife had $15 in cash (about $241 today). They took out an additional $311 loan against their car, and used the money to purchase a hot dog cart.

    It must not have seemed like much at the time, and certainly the hot dog cart business might have failed, leaving them in debt. Fortunately for them, it didn’t take long for their hot dog cart to do well enough that they were able to buy another one. A couple years after starting their little business, the Kerchers were operating four hot dog carts.

    Business just kept booming, and before long the Karchers were able to buy a restaurant, which they called Carl’s Drive-In Barbecue. In addition to the usual hot dogs, hamburgers were added to the menu, which turned out to be a good business decision on their part.

    http://www.todayifoundout.com/index.php/2014/05/founder-carls-jr-borrowed-311-buy-hotdog-cart/

  13. rd says:

    This is what real glacial collapses do:

    http://www.livescience.com/873-bursting-ice-dam-flooded-ancient-ocean.html

    http://www.glaciallakemissoula.org/story.html

    http://www.whoi.edu/oceanus/viewArticle.do?id=5078

    http://www.pbs.org/wgbh/nova/earth/megafloods-of-the-ice-age.html

    The Antarctic situation is more of an acceleration of glacial movement instead of a collapse or bursting scenario. It will still be bad for people along coastlines but is quite a differnt animal from some of the major sudden collapse events that occurred as the last major glaciation was in its melting phase and the oceans rose 400 feet. some of these events would raise the ocean level by inches or feet in a few months.

  14. Biffah Bacon says:

    @rd
    The upside will be climate moderation as more cold fresh water enters the ocean system and increases the heat reservoir of the oceans, as well as increased injections of iron rich sediment from meltwater should goose plankton growth and sequester some carbon.