My start your week off right morning reads (continue here):

• ‘Smart Beta’ Investing Lets the Yardstick Pick the Stocks (NY Times)
• Investors want companies to start spending again.  Companies have other ideas, says S&P (MoneyBeat) see also Stocks’ Biggest Gains Are an Inside Job (MoneyBeat)
• Swagger: Alpha (AI-CIO)
• Zweig: Huge Returns at Low Risk? Not So Fast (MoneyBeat)

continue 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.

8 Responses to “10 Monday AM Reads”

  1. cbatchelor says:

    Associated Press will start using “automation technology” to help produce its corporate earnings stories.
    http://blog.ap.org/2014/06/30/a-leap-forward-in-quarterly-earnings-stories/
    (Pretty impressive stuff)
    http://automatedinsights.com/

    • bear_in_mind says:

      @ cbatchelor:

      Had to chuckle at the question, “Are we eliminating jobs to do this?” The answer should have read, “Nope, we fired those workers over the last five years. We have ‘right-sized’ the newsroom to one staffer per every thousand pages of print.”

    • Jojo says:

      I posted this article here a while back. Little by little, Skynet takes over.
      ===========
      Can an Algorithm Write a Better News Story Than a Human Reporter?

      * By Steven Levy
      * 04.24.12 |

      Had Narrative Science — a company that trains computers to write news stories–created this piece, it probably would not mention that the company’s Chicago headquarters lie only a long baseball toss from the Tribune newspaper building. Nor would it dwell on the fact that this potentially job-killing technology was incubated in part at Northwestern’s Medill School of Journalism, Media, Integrated Marketing Communications. Those ironies are obvious to a human. But not to a computer.

      At least not yet.

      For now consider this: Every 30 seconds or so, the algorithmic bull pen of Narrative Science, a 30-person company occupying a large room on the fringes of the Chicago Loop, extrudes a story whose very byline is a question of philosophical inquiry. The computer-written product could be a pennant-waving second-half update of a Big Ten basketball contest, a sober preview of a corporate earnings statement, or a blithe summary of the presidential horse race drawn from Twitter posts. The articles run on the websites of respected publishers like Forbes, as well as other Internet media powers (many of which are keeping their identities private). Niche news services hire Narrative Science to write updates for their subscribers, be they sports fans, small-cap investors, or fast-food franchise owners.

      And the articles don’t read like robots wrote them:

      http://www.wired.com/2012/04/can-an-algorithm-write-a-better-news-story-than-a-human-reporter/all/1

  2. willid3 says:

    maybe its no so much the inequality but the scams that lead to riches?
    course thats really not all that new. but maybe it slowed down some for a while.
    but not its just to obvious and obnoxious?

    http://qz.com/226997/the-problem-is-not-so-much-inequality-but-all-the-dubious-ways-the-rich-got-richer/

    • bear_in_mind says:

      @ willid3:

      If there’s no credible threat of being frog-marched to jail by law enforcement for your ill-gotten gains, you can pretty well guarantee that fraud will grow and grow.

      I think there’s a pretty clear correlation between the gutting of the SEC and other regulatory agencies and the expansion of bad actors on Wall Street. For details, have a look around the internet for writings and interviews with former federal regulator and prosecutor, Bill Black.

      Here’s a good example:

      Bill Moyers Journal
      CSI Bailout: Interview with William K. Black
      April 3, 2009

      “A single bank, IndyMac, lost more money than the entire Savings and Loan Crisis. The difference between now and then, explains Black, is a drastic reduction in regulation and oversight, “We now know what happens when you destroy regulation. You get the biggest financial calamity of anybody under the age of 80.”

      STORY:
      http://www.pbs.org/moyers/journal/04032009/profile.html

  3. farmera1 says:

    No doubt in my mind the US is stuck in the mud. Science is a low prestige thing. Funding is being cut. My son works in Europe, no jobs here. China will pass the US.

    http://www.businessinsider.com/chinas-scientific-dominance-is-a-done-deal-2014-6

  4. mrflash818 says:

    re: “The New Warmal: Global Temps Break Another Record”

    I suspect this might be a factor:

  5. willid3 says:

    latest commodity

    water?

    whats next? air?

    http://fortune.com/2014/06/25/water-futures-markets/