My early morning reads (continues here):

• Seeker, Doer, Giver, Ponderer: Jim Simons of Renaissance Technologies (NYT)
• GMO versus Blackrock: Divergent Views of Global Markets (Advisor Perspectives) see also Buybacks tend to peak when bull markets do  (WSJ)
• Looking for short seller abuse (and not finding any) (FT Alphaville)
• Tim Cook’s recasting of Apple is in full bloom (WSJ) see also Video: This is the sapphire crystal display from the iPhone 6 (Tech Block)

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.

14 Responses to “10 Tuesday AM Reads”

  1. rd says:

    An article in yesterday’s WSJ questions Silicon Valley’s investment and start-up focus. I don’t know if the $100 billion dollar advertising part of the economy is right, but for the past 15 years I have felt that many of the tech start-ups were frequently more about killing another startup than starting something new and really big. The internet browser was a huge change, along with the advent of social media, and real mobile computing using tablets and smartphones. However, many of the current start-ups appear to be going after a pretty small percentage of the average person’s household budget and that percentage is likely to stay relatively static. In the end, if innovation is Facebook replacing MySpace which essentially replaced AOL, then growth of the sector is limited. The big innovations from Silicon Valley will be in food production and distribution, housing construction, transportation etc. That is where the big value sits – Google seems to be one of the few really looking at this.

    http://online.wsj.com/articles/is-silicon-valley-investing-in-the-wrong-stuff-1404688048?

  2. hue says:

    Terrorist Taking Over Iraq Shows Off Sick Watch (NYMag) Omega Akbar

    Practice may not make perfect: Musical ability is the DNA (The Economist) Don’t get stuck on the Gladwell reference in the lede. What else is in the DNA, athletic ability, trading?

    Born in 1988. Sorry (Bloomberg View) I Ate Out of Dumpsters in Copenhagen for Two Weeks (Vice) Would you like a Danish?

    In light of yesterday’s razr story, I have some story ideas. My month with the Palm Pilot, the useless stylus handheld device. My month on AOL, it was the rage of the 1990s, I had to get a landline installed to use dial up, 54k service, and it took 20 days to watch a movie on Netflix.

    People are asking the CIA on twitter if the agency knows where Tupac is.

  3. RW says:

    The beatings will continue until morale improves.

    Impact of Cutting Unemployment Benefits: North Carolina Dreaming

    Last year North Carolina’s conservative Republican legislature got tough. It sharply reduced the duration of unemployment benefits and made them much more difficult to collect. The changes took effect at the start of July, 2013. Their story was that unemployment insurance and other benefits discourage workers from seriously looking for jobs.

    …if we look at the data instead of playing games with it, the story is pretty clear. There is zero evidence that cutting unemployment benefits in North Carolina or the rest of the country did anything to spur job growth. There is much evidence that it led those who saw their benefits …end …give up looking for work and …drop out of the labor force.

  4. DeDude says:

    Is it time for a “Corporations are NOT people” amendment to the constitution? It appears that the out of whack supreme court idiots have doubled down on a stupid concept that most people, and even sensible non-corporatist conservative judges, disagree with.

    http://www.cnn.com/2014/07/07/politics/scotus-judge-blogger/index.html?hpt=hp_t2

    The constitutional way of dealing with that would be an amendment stating the obvious and shutting down this power grab by corporations and their little sock puppets in the supreme court.

    • willid3 says:

      seems like it should be. course you wont get an amendment like that through Congress (after all they know who their real bosses are. and its not people). and even if we did get it done using plan b to bypass Congress, does any one really think the legislatures are really any better?

  5. RW says:

    Obama’s greatest failure: The rapidly falling deficit

    The falling deficit is a pointless exercise that has come at the cost of keeping millions out of work.

  6. rd says:

    Offshoring production may not be particularly efficient. I assume this could be one reason why CEOs who make more money actually produce worse results. I wonder if it would increase Congress’s productivity if we offshored it?

    http://www.vqronline.org/reporting-articles/2014/06/losing-sparta

    http://www.usatoday.com/story/money/business/2012/12/06/service-jobs-offshore/1751857/

    • DeDude says:

      “CEOs who make more money actually produce worse results”

      So where is the mutual fund where I can make money by investing in this fact. A fund that do NOT invest in the companies that are suffering the control fraud of excessively paid CEOs.

  7. willid3 says:

    if wages go is that really a problem? to hear some talk about, it would be the beginning of the end. and inflation would sky rocket. and profits would collapse.

    you ever get the feeling that wall street really like high unemployment and being on the edge of a depression all the time?

    wonder if they really would like to see deflation take hold

    http://economistsview.typepad.com/economistsview/2014/07/is-wage-growth-a-problem.html

  8. willid3 says:

    out sourcing of factory jobs for bogus reasons? not even doing due diligence?

    http://www.nakedcapitalism.com/2014/07/corporate-illogic-outsourcing-offshoring.html

  9. willid3 says:

    replacement for trains,trucks, light planes and helicopters?

    http://www.theverge.com/2014/7/8/5880061/airlander-10-photo-essay

  10. VennData says:

    There were 4.6 million US job openings at the end of May

    http://www.bls.gov/news.release/jolts.nr0.htm