Posts filed under “Financial Press”

Afternoon Reading

These look interesting:

Kass: The Earnings Season Racket (The Street.com)

Investors still struggling to put fear behind them (Reuters)

The growing case for a jobless recovery (Federal Reserve Of Atlanta Blog)

Home-building rises, but worries persist (WaPo)

Dollar hegemony for another century (Telegraph)

Principles written in the blood and tears of lost money (W-Street)

They Shoot Porn Stars, Don’t They? (Susannah Breslin)

Microsoft Tries to Shrug Off ‘PC Guy’ Image With Windows 7 (Bloomberg)

What are you reading?

Category: Financial Press

Blurb: “If you can find a better book . . .”

Yesterday, I am at NPR, waiting to tape a segment on foreclosures. There is a pile of books and magazines a coffee table. I spy the title Satisfaction by Chris Denove and J.D. Power IV. As someone who has been blurbed and who gives blurbs, the above the title blurb by Lee Iacocca catches my…Read More

Category: Books, Financial Press, Psychology

Afternoon Readings

A short list: • The Energizer Rally: Contrarian analysis continues to reach bullish conclusions (Marketwatch) • Which Came First: Government Ownership or Catastrophic Losses? (Big Money) • Mortgage modification schemes see ‘disappointing’ results (FT) • Homes: About to get much cheaper (CNN/Money) • Bruce Bartlett: Supply-Side Economics, R.I.P. • Battle of the Quants • How…Read More

Category: Financial Press

Covering the Great Recession

7_NCI-Timeline

>

Fascinating look via a study by Pew Research Center’s Project for Excellence in Journalism, on how well the Media did in covering the financial collapse.

Among the key findings:

• Three storylines have dominated: efforts to help revive the banking sector, the battle over the stimulus package and the struggles of the U.S. auto industry. Together they accounted for nearly 40% of the economic coverage from February 1 through August 31. Other topics related to the crisis have been covered much less. As an example, all the reporting of retail sales, food prices, the impact of the crisis on Social Security and Medicare, its effect on education and the implications for health care combined accounted for just over 2% of all the economic coverage.

• Actions by government officials and business leaders drove much of the coverage. The White House and federal agencies alone initiated nearly a third (32%) of economic stories studied through July 3. Business triggered another 21%. About a quarter of the stories (23%) was initiated by the press itself and did not rely on an external news trigger. Ordinary citizens and union workers combined to act as the catalyst for only 2% of the stories about the economy.

• Fully 76% of the datelines on economic stories studied during the first five months of the Obama presidency were New York (44%) or metro Washington D.C. (32%). Only about one-fifth (21%) of the stories originated in any other city in the U.S., and about a quarter of those emanated from two other major media centers: Atlanta and Los Angeles.

• When it came to which phrases and ideas reverberated most in a broad array of media, an analysis of some 1.6 million news websites, blogs and other online sources finds that the president dominated. Nine of the top 20 most-quoted phrases came from him. But among Republicans, it was 38-year-old Louisiana Governor Bobby Jindal’s voice that carried the furthest—not any of the national party leaders. Overall, Republicans accounted for just four of the top 20 “memes” tracked in the analysis.

• Once the economic situation showed some signs of improvement—and the political fights over legislative action subsided—media coverage began to diminish. After accounting for 46% of the overall news coverage in February and March, for instance, coverage of the economic crisis dropped by more than half (to 21% of the newshole studied) from April through June. And in July and August, it fell even further (to 16%). The clearest example came in cable news. Once the political battles subsided, coverage fell by about two-thirds from March to April.

Read More

Category: Bailouts, Financial Press

Monday Reading

Quick reads: • FDIC Failed to Limit Commercial Real-Estate Loans, Reports Show (Bloomberg) • Einhorn on gold, sovereign default, and more (Winkler) • The Stock Market Has Never Been This (Intermediate-Term) Overbought (Hussman) • Builder Confidence Slips in October (NAHB) • Oil Hits 1 – Year High Above $79 (Reuters) • Moody’s/REAL Commercial Property Price…Read More

Category: Financial Press

Friday Reads

I have an interesting lunch meeting today with a brilliant guy: One of the founders of ICE. I know M from our early pre-E*Trade days, way back when I started in the biz as a trader. M has begun and sold more successful businesses — and for more money — than anyone I know. Our…Read More

Category: Financial Press

Thursday Reads

Here is what has caught my eye today: • Mark-to-Make-Believe Turns Junk Loans to Gold (Bloomberg) • Distressed Real Estate Continues to Be a Growth Industry (Real Property Alpha) • Social Security makes it official: No COLA in 2010 (Yahoo Finance) • The $800 Billion Deception (Newsweek) • Weak Dollar Equals Strong Stocks, For Now…Read More

Category: Financial Press

Readings

Some afternoon reads: • Martin Wolf:  The rumours of the dollar’s death are much exaggerated (FT) • History Shows Dow Gets Tired at 10,000, Other Round Numbers (CNBC) • Why Investors Hate Making Money (heh heh) • Geithner Aides Reaped Millions Working for Banks, Hedge Funds (Bloomberg) • Medal of Honor: Banking Analyst Chris Whalen…Read More

Category: Financial Press

The Best Dow 10,000 Investment . . .

> Has to be those Dow 10,000 hats that CNBC had their anchors first wear in 1999. They got to reuse them so many time! I wonder if they will break them out again this time . . .

Category: Financial Press, Television

Bloomberg Buys BusinessWeek

The magazine will be renamed “Bloomberg BusinessWeek.” Fascinating development — WSJ: “McGraw-Hill Cos. agreed to sell BusinessWeek to Bloomberg L.P., marking the growing media ambitions of the financial-data firm and a retreat for McGraw-Hill after 80 years of ownership of the business magazine. The price wasn’t disclosed, though relatively little money is likely to change…Read More

Category: Financial Press