Just because it’s Tuesday does not mean we don’t have you covered with our dry-aged, prime reads: (continues here):

• The US bull market looks like the dot-com bubble of the late 1990s, except when it comes to valuations. (Bloomberg) see also What stage of the bull market are we in? (A Wealth of Common Sense)
• The Federal Reserve Is Not As Powerful As You Think It Is (Slate)
• The Rise and Fall of Performance Investing (CFA Institute) see also It’s Not a Chase For Yield, It’s a Chase For Fees (A Wealth of Common Sense)
• What “Smart Beta” Means to Us (Research Affiliates)

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.

6 Responses to “10 Tuesday AM Reads”

  1. WallaWalla says:

    What terrible timing for the Napa valley quake. The fall harvest is never easy with massive amounts of grapes needing to be processed over a relatively short period of time. Fermented wine needs to be transferred from barrel to bottle, new grapes must be pressed, filtered, and mixed before they age all in the span of a month. With the infrastructure damage, completing these tasks in the necessary time frame will be a monumental task.

  2. William_H says:

    I always chuckle when uneducated lawmakers gripe and moan about the “all-powerful” Federal Reserve System. Correct me if I’m wrong, but isn’t the Fed’s direct economic intervention limited to:

    -The open market account in New York
    -Discount window rates
    -Bank reserve requirements

    Chuckle.

  3. VennData says:

    The company where I work and have over six figures in a 401(k) about half in our stock is doing a corporate inversion to ISIL.

    Should I keep my asset allocation 50% Sharia law?

  4. rd says:

    Apparently scientists are discovering many methane seeps from the seabed off the East Coast, far more than they had expected. The article starts off in the predictable way about the much higher release of a potent greenhouse gas but then gets much more interesting. Apparently, they are finding evidence that the seeps are old (1,000 years or more) and they believe that the methane is getting dissolved into the ocean water before it gets the surface. In the ocean water, it then gets broken down to CO2, I presume by microbial activity although they don’t mention that.

    This will be another input and buffering system that will need to be better modeled by climate scientists, as it is clear that their previous models for these types of model components may be off by orders of magnitude. They will need to develop a much better understanding of what the saturation limits might be for a system like this before they can make accurate predictions about the climate or ocean acidification impacts of methane escaping from the sea floor.

    http://www.washingtonpost.com/news/morning-mix/wp/2014/08/25/widespread-methane-leakage-coming-from-hundreds-of-vents-off-east-coast-ocean-floor/?tid=hp_mm&hpid=z3

  5. Jojo says:

    Whoa. I was full at course #5 or 6. And some of the food doesn’t appear to be something that I would want to eat.
    —————
    This is what a full meal looks like in the world’s best restaurant
    8/20/14

    Rapper and food TV show host Action Bronson just posted an Instagram reportage of a meal in the best restaurant in the world*–Noma, in Copenhagen, Denmark. 24 courses with ingredients that go from flowers and sea urchin to ants and grasshopper.

    Noma has been named best restaurant in the world several times already. Its food is based on the search of the best local ingredients to cook them and present them with extreme care and respect. A full meal at Noma is around $280.

    * Of course, “best restaurant in the world” is an arbitrary title by one publication–the British magazine Restaurant. But it’s definitely one of the very best in the planet.

    First Course: Fresh berries in fresh herbs

    ….

    http://sploid.gizmodo.com/this-is-how-a-feast-in-the-worlds-best-restaurant-looks-1624341102

  6. Jojo says:

    So why didn’t we take this as a harbinger of the future? You know the answer….
    =============
    Predictions for Privacy in the Age of Facebook (from 1985!)
    Mark Zuckerberg wasn’t even a year old when a graduate student foresaw the emergence of online personal profiles

    smithsonian.com
    May 2, 2013

    “The ubiquity and power of the computer blur the distinction between public and private information. Our revolution will not be in gathering data — don’t look for TV cameras in your bedroom — but in analyzing information that is already willingly shared.”

    Are these the words of a 21st century media critic warning us about the tremendous quantity of information that the average person shares online?

    Nope. It’s from a 1985 article for the Whole Earth Review by Larry Hunter, who was writing about the future of privacy. And it’s unlikely Mr. Hunter could have any more accurately predicted the Age of Facebook — or its most pervasive fears.

    Hunter begins his article by explaining that he has a privileged peek into the computerized world that’s just over the horizon:

    http://www.smithsonianmag.com/history/predictions-for-privacy-in-the-age-of-facebook-from-1985-48977462/