Some morning reads:

• Small-Cap Rally Is Bullish for the Stock Market (Barron’s) but see Bad Credit No Problem as Balance-Sheet Bombs Rally 94% (Bloomberg)
• Investing Using the Price-to-Earnings Ratio and Earnings Yield (Backtests 1951 to 2013) (Greenbackd)
Bond Market to Fed: Your 4% Rate Forecast Is Way Too High (Bloomberg)
• Warren Buffett: These were my biggest early mistakes (Reformed Broker) see also Listen to Buffett and Schwab: Be an indexer (MarketWatch)

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.

19 Responses to “10 Midweek AM Reads”

  1. RW says:

    The bond market has it right and the tepid current Fed policy pretty much guarantees it will stay right for awhile so I remain long EDV.

  2. RW says:

    Piketty’s data deserve better analysis

    There was buzz across the economics blogosphere and twitterverse over the Memorial Day weekend and into the work week today about Chris Giles’ Friday afternoon Financial Times piece claiming that data errors in the best-selling “Capital in the 21st Century” invalidate author Thomas Piketty’s results …

    …my examination of Giles’ analysis and the spreadsheets that Piketty provided to the public indicate that perhaps the key claim by Giles is erroneous. Giles bases his argument that there was not an increase in wealth concentration in the United Kingdom but rather a decrease on a single data point from a 2010 wealth survey in the UK. Because that survey did not exist in 2000, it cannot be directly compared to other time series data without harmonization. The entirety of the drop Giles claims is occurring can be explained by switching from one survey to another. …

  3. willid3 says:

    truck sales are saving the US economy?

    hm. so we are buying large vehicles? again?

  4. VennData says:

    1) ‘No Way To Prevent This,’ Says Only Nation Where This Regularly Happens,36131/

    2) Case Shiller: Chicago Home Prices Show Highest Growth In 25 Years

    “…Single family home prices were up by 11.5%, while condominium prices were up by an eye popping 18.4%…”

    ​​The bears lament the transaction volumes, the affordability, the low household formation. However, this means the marginally fewer people who own homes are not selling them, creating a long term inventory shortage. The individuals and big investors who bought single family, attached, and condos while Rick SanYelli was screaming at them not to are in good shape with a nice equity cushion over the last few years.

    3) Kerry tells Snowden to ‘man up’ and come home​

    ​​Well Secretary, he ISN’T a man, but a festering pustule.​ So “moral” and “good”, but doesn’t want to face the consequences of his actions, this hero to Paul Rand and all the pencil-necked sci-fi fantasizers.

    • fearlesspectator says:

      Festering pustule? I would think an intelligent observer would reserve such epithets for the Lindsey Grahams of the world. He and his ilk enabled the NSA to foist government spying on all US citizens, not to mention leaders of here to for friendly governments around the world. Such government over reach is a far more serious threat to freedom and democracy than the brave though illegal actions of a whistle blower.

    • Biffah Bacon says:

      You’ve made your bones with the Stasi, you’re a Good American now.
      How manly would Snowden have to be to come home and face being sent to Gitmo for torture? America can’t claim to be the land of the free and home of the brave anymore-we have government employees who cut peoples’ penises with razor blades for information, we regularly force feed people who have been on hunger strikes protesting the fact that they are not guilty of anything but being inconvenient to the government, and we happily murder our own citizens without trial. It has even recently come out that Congress stated that it didn’t care if the drone pilots knew who they were hitting-just kill people, they said.

      When America’s own military and intelligence workers are so horrified by their day to day tasks that they risk everything to reveal to other Americans what is going on don’t we have a duty as citizens to seriously consider what it is they are responding to?

  5. BottomMiddleClass says:

    I believe it’s been posted here before, but recent events make it worth revisiting John Oliver’s segments on the Australian Gun Control Ban and the effects in Australia since the ban took place.

    It’s really quite amusing as well.

  6. VennData says:

    Chamber Study Predicts Obama Climate Rule Will Kill Jobs

    The same guys who predicted Obama’s tax hikes would kill jobs, that Clinton’s tax hikes would kill jobs, that Bush’s and Reagan’s tax cuts would pay for themselves and that climate change itself wasn’t happening have a news flash for you.

    Eat it up GOP voter. Shout it to the rooftops. Proclaim your buy-in in public so you can’t back down because your ego won’t allow that.

    Why do the GOP tell you what WILL happen while the Democrats say what really DID happen?

  7. RW says:

    There will be many tributes to, reflections on and retrospectives of Maya Angelou but Part 2 of the Iconoclasts with Dave Chappelle strikes me as, well, particularly special and true (I do recommend the other three parts too though).

    NB: see Josh Brown’s salute to Still I Rise; the poem illustrates her POV perfectly, her last words in the video particularly.

  8. intlacct says:

    “​​Well Secretary, he ISN’T a man, but a festering pustule.​ So “moral” and “good”, but doesn’t want to face the consequences of his actions, this hero to Paul Rand and all the pencil-necked sci-fi fantasizers.”

    Ad hominem is the province of those for whom facts won’t carry the day.

  9. Crocodile Chuck says:

    Buffett’s BIGGEST investing mistake, EVAH:

    I thought he said once that he ‘didn’t understand tech, or its valuations’.

    Shoulda kept his wallet in his pocket.

    ps what’s eating Venn re: Snowden? ;)