My morning pick-you-ups: (Continues here)

• The Miserable Mangled Mess of Managed Futures (Peter L Brandt)
• As solar panels boom, it was the simple business model that the big energy players missed (GigaOm) see also Solar Panels Now Being Offered as a Prebuilt Feature in California (Daily Beast)
• Agriculture Investors Develop a Taste for Permanent Crops (Institutional Investor)
• Hedge-Fund Middlemen are Getting Cheaper (MoneyBeat)

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.

20 Responses to “10 Wednesday AM Reads”

  1. rd says:

    The electric utility industry is suffering form “Blockbuster” syndrome. Blockbuster basically was moving forward with standalone DVD kiosks but their franchises wouldn’t stand for it. So Redbox did it instead while Netflix streamed on-demand video and Blockbuster is gone, along with its franchisees.

    The electric utilities have been buying power from big single-source generators and transmitting them on wires down to the customer in a one-way flow. They will have to rethink their business model as well as the regulatroy structure they are in to address a Solar City model.Many of them will be unable to re-imagine their business and will vanish, but not without a bloody rear-guard action.

    • VennData says:

      And the GOP Media Machine has their followers believing it’s all about bubbleheaded liberals and their nuke anviety, save thge whales fear of tanker mishaps, Keystone pipeline wetlamnds protection and global warmings…

      No GOP voter, the old white guys wanna protect their franchise and are getting you to pay for it.

  2. RW says:

    Extraordinary Elite Delusions and the Madness of Commissions

    America was (and still is) suffering from huge unemployment and depressed spending, which wasn’t just causing great current hardship but undermining our long-run prospects by exiling productive workers from the labor force and causing us to forgo much-needed investment. And faced with this disastrous current reality, our bipartisan wise men decided that the crucial challenge was … cutting entitlements.

    This didn’t just totally misjudge the nation’s needs, it was also strangely incoherent even on its own terms. …

    Cheese-eating Job Creators

    Since the late 1990s we have completely traded places: prime-age French adults are now much more likely than their US counterparts to have jobs.

    Strange how amid the incessant bad-mouthing of French performance this fact never gets mentioned.

    NB: Where conventional wisdom WRT economic policy is not flatly wrong it is usually out of date.

    • VennData says:

      Spot on.

      If you have a zero percent tax rate, your investment won’t return jack unless you got demand.

      Demand is everything. The GOP tacitly admits this in the way they roll out their talking points in short, paid-for sound bites. They don’t give the supply of good ideas a second thought. They got you poor suckers voting against your long run intetest all day long.

      Until you understand you cannot have zero taxes, you will be the WSJ and Fox News’s bitch GOP chad pricker.

      • rd says:

        I think it would be fabulous if supply-side, trickle-down economics actually worked. However, at the US tax rates, the data from two attempts to implement it has shown that the theory is deeply flawed. It probably works very well at significantly higher tax rates but simply promotes inequality and government deficit spending at the current tax levels.

        Similarly, it would be nice if deregulation of financial systems could free up the animal spirits for productive purposes. Unfortunately,beyond a certain point it appears to just give us fraudulent MBS’s, front-running trades, cooked books, and robosigning.

    • willid3 says:

      that the French are more likely to be working is just a spin of made up French data. only some people can see through the smoke and mirrors that show the true situation. and that would be the GOP, Tea party and conservatives.

  3. couragesd says:

    Spurious Correlations


    Admin: We linked to that in Reads last week or so

  4. VennData says:

    Russia and China sign gas deal

    “… Putin was in Shanghai for an Asian security conference where China’s president called for a new model of Asian security cooperation based on a regional group that includes Russia and Iran and excludes the United States…”–finance.htmlThank goodness Snowden gave them all those secrets that can also be used to collect you last call to mom.

  5. hue says:

    Everything is Broken (Medium)

    The Politics of Climate Change This Summer Will Be Worse Than Obamacare’s (NYMag) What Climate Change Will Do to Your City (Slate)

    Vince Foster: Has the Fed Changed Its Economic Assessment From a Liquidity Trap to a Structural Trap? (Minyanville)

  6. VennData says:

    China/Russia gas deal price to remain secret.

    Hey Snowden lovers, get your hero to get the data from his keeper Putin. Yes, you can wait until Rand Paul surrenders to them both. Ayn Rand will create technologies to protect you with another fiction book.

    Ayn Rand wrote fiction. Get your head around that GOP voter.

  7. VennData says:

    I’m sick of people saying that Larry lawnmower wasn’t bailed out in 2009.

    The Fed cut rates to zero and held them there. If you didn’t refi, you gave back the keys ot the bank who had to eat the loan.

  8. VennData says:

    Obamacare was just a Big Bailout for the Elites in the Insurance Companies!

    Most of the main US insurance companies are headquartered in Kenya!!!

  9. rd says:

    The potential irrelevance of Keystone XL for everything except politics:

    The Canadian pipelines in eastern Canada could potentially significantly lower gasoline and diesel costs on the US East Coast. Since they would be refined and embarked in Canada, any flagged tanker could transport the gasoline and diesel to East Coast terminals which would only be a short hop south. Tankers would be able to get numerous loads with a short back-haul distance compared to overseas sales. US refineries on the Gulf Coast need to use US-flagged tankers (Jones Act) to transport their refined products to the East Coast, so much of those refined products get sold overseas instead of the US.

  10. Jojo says:

    May 20, 2014, 12:06 a.m. EDT
    The most hated cable company in America is…

    Mediocre quality, infuriating customer service, high prices: If you’re like most Americans, you hate your cable and Internet company (some more so than others) — and that’s only getting worse.

    Data released Tuesday by the American Customer Service Index show that cable companies are one of the most hated industries in America. Indeed, while the average company scores in the high 70s on the index (out of 100), subscription-TV companies (these include traditional cable companies and fiber-optic and satellite cable companies) scored just 65 on the index. Only Internet companies (many of which also provide your cable service, so it’s sometimes impossible to differentiate) were worse, scoring just 63. It doesn’t stop there. Customer satisfaction with subscription-TV services fell 4.4% in the last year alone and with Internet companies it declined 3.1%.

  11. Jojo says:

    Patent reform dies in Senate as Leahy pulls plug on key bill
    May. 21, 2014 – 10:07 AM PDT

    SUMMARY: It was a good day for patent trolls as the Senate Judiciary Committee announced that a popular reform bill has died.

    A closely watched patent reform bill failed on Wednesday as Sen. Patrick Leahy (D-Vt), who chairs the Senate Judiciary Committee, announced that he lacked the bipartisan support to push the bill forward.

    In a statement, Leahy said he hoped the Committee “will return to this issue,” but made clear the process is finished for now. The statement read, in part:

    “We have been working for almost a year with countless stakeholders on legislation to address the problem of patent trolls who are misusing the patent system …Because there is not sufficient support behind any comprehensive deal, I am taking the patent bill off the Senate Judiciary Committee agenda.”

    The move is a major blow for retailers, tech companies and a wide variety of businesses that have been shaken down by “patent trolls” — shell companies whose sole business consists of forcing their targets to pay for a patent license in order to avoid expensive litigation.