We are halfway to a three day weekend, with some delightful morning train reads to kick off your day (continues here):

• A case for stocks now (Fidelity) see also 2000.02 (Reformed Broker)
• 38 maps that explain the global economy (Vox)
• The Hidden History of the S&P 500 (Millennial Invest)
• Why a Slowdown in Housing Prices Is Great News (The Upshot) see also How Home Prices Have Slowed Down, in Five Charts (Real Time Economics)

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.

15 Responses to “10 Wednesday AM Reads”

  1. theexpertisin says:

    Usually I view stock picks and market prognostications as comedy. Experience has taught me that bad (or good) things happen to securities from events out of the blue that wreck the best efforts of gurus.

    Of concern to me is deflation. For many years, it has been talked about, but nothing of the sort has occurred. We are always fixated upon inflation.This could be the “out of the blue” issue that no one expects to happen.

  2. VennData says:

    Comcast tells government that its data caps aren’t actually “data caps”

    http://arstechnica.com/business/2014/08/comcast-tells-government-that-its-data-caps-arent-actually-data-caps/

    ​I trust big cable to monitor net neutrality. They may just not be able to inform us how well they are doing just now with TW’s entire network down nationwide.

    http://downdetector.com/status/time-warner-cable​

  3. VennData says:

    Amazon has sold no more than 35,000 Fire phones, data suggests

    http://www.theguardian.com/technology/2014/aug/26/amazon-fire-phone-sales-data

    But… But… People are dumb enough to locked into the Apple ecosystem and pay multiples more for less functionality than Android.

    • howardoark says:

      I bought a high-end Samsung phone (same price as an IPhone) and found out six months later that Samsung wasn’t going to bother to tailor the new version of Android for my phone. I have an IPhone now. I’m much happier. I will never buy another Android phone.

      • VennData says:

        Tailor? Well you can download updates of Android.

        Will your iPhone3 get tailored for next iOS? Nope

        Another fanboi with a non-issue

      • jwagner says:

        I just bought an iPhone and on plugging it into my Linux computer found that Apple’s closed software ecosystem has been engineered to prevent interoperability. It’s the last Apple device I buy. There are workarounds but I bought Apple because it “just works” and I’m tired of playing sysadmin for twenty different computers and devices around the house.

        re: Android – the problem is the opposite. The Android ecosystem is so open that it is seriously polluted by the phone carriers (Verizon, ATT, etc.) and third party software providers. Buy one of the Google Nexus devices to get the unmolested Android software and quicker updates.

  4. VennData says:

    U.S. Mobilizes Allies to Widen Assault on ISIS – Will the GOP FINALLY support the troops?

    http://mobile.nytimes.com/2014/08/27/world/middleeast/us-mobilizes-allies-to-widen-assault-on-isis.html ​​

    I wonder if the House will join in and support the troops? The GOP controlled House let the bill languish without even a vote​ for a year!​

    http://mobile.nytimes.com/2013/09/01/world/middleeast/syria.html

    The House will not vote to support action, they will not support the troops​

    http://www.cnn.com/2013/09/05/politics/syria-vote-count/

    While fair and balanced Fox News says Obama “withdraws” the vote (last year) without explaining that the rabid Obama haters refuse to support the troops! Why does Fox always leave out such important details?

    http://www.foxnews.com/politics/2013/09/10/president-obama-to-address-nation-on-syria/

    And the GOP created meme “Congressional ​bills languish because Obama won’t reach out” count sites say this bill, to stop ISIS is equivalent to a bill the Senate has left unsupported…

    ​http://www.politifact.com/truth-o-meter/statements/2014/aug/06/lynn-jenkins/rep-lynn-jenkins-blames-harry-reid-do-nothing-sena/

    http://www.washingtontimes.com/news/2014/aug/13/curl-obamas-one-achievement-outgolfing-tiger-woods/

    ​But, of course, the right-wing meme is really a spin job. here are some of those “important” bills:

    http://thehill.com/homenews/house/200228-house-dems-to-senate-dems-pass-our-bills​​
    Because here here are two typical examples of ​the bills these right wingers thing are as important as containing ISIS:

    Eni Faleomavaega (D), a non-voting delegate from American Samoa, has now introduced his bill on stopping tobacco smuggling in the territories twice. It passed the Republican-controlled House in the 112th Congress with the support of then Judiciary Committee Chairman Chairman Lamar Smith (R-Texas) and passed again in the current Congress.

    The Rota Cultural and Natural Resources Study Act, sponsored by Gregorio Sablan (D), a delegate from the Northern Mariana Islands, has now passed the House without dissent three times — in 2010, 2012 and 2013 — but has never cleared the Senate

    Facts. They are hard for the GOP to give you.

  5. VennData says:

    Ohio Bill L# 2660-1 to limit teaching of the scientific process

    http://www.legislature.state.oh.us/bills.cfm?ID=130_HB_597

    ​ “Specifically prohibiting a discussion of the scientific process is a recipe for educational chaos. To begin with, it leaves the knowledge the kids will still receive—the things we have learned through science—completely unmoored from any indication of how that knowledge was generated or whether it’s likely to be reliable. The scientific process is also useful in that it can help people understand the world around them and the information they’re bombarded with; it can also help people assess the reliability of various sources of information.”

    http://arstechnica.com/science/2014/08/ohio-lawmakers-want-to-ban-schools-from-teaching-scientific-process/​

    Thanks GOP. Oh and thank YOU GOP voter.

  6. VennData says:

    Business Insider is the worst. This stuff about Buffett is bull. Reagan passed a law to make inversions legal. The Democrats want to change that law back to the way it always was. Here are the Business Insider “reasons”

    “…Democrats “were dealt a psychological setback yesterday as Warren Buffett essentially said ‘do as I say, not as I do…”

    “…. But now, the messaging becomes more difficult…”

    “..the squeeze from Buffett, Democrats and the administration were on “very shaky” political ground with the issue.”

    Why? They never say why. Buffet and Brazilian G3 say it is not tax driven. Hortons and BK have the same rates in Canada and US.

  7. VennData says:

    Republicans who long for Putin as ‘head of the United States’

    http://mediamatters.org/video/2014/08/26/fox-host-requests-putin-be-us-president-for-48/200559

    I say GOP, why dont you do a personal inversion and vote with your feet. You can join your hero Snowden. C’ya.

  8. VennData says:

    CBO Projection: Budget Deficits in Future Years to be Smaller than Previous Forecast

    http://www.cbo.gov/publication/45653

    So how can Romney be right? In fact the whole GOP was wrong. But then, that’s not news.

  9. rd says:

    I find it amusing that many of the most rabid Fed-haters in Congress are actually at the heart of Congressional gridlock that is forcing the Fed to be more active in the absence of fiscal policies.

    http://www.marketwatch.com/story/fed-feeling-political-pressure-about-the-lack-of-jobs-2014-08-27?page=1