10 Tuesday PM Reads

My afternoon train reads:

• As Gas Prices Drop, Hybrid Sales Shift Into Low Gear (NPR)
• Now the Stress Tests Are Over, Can the Eurozone Economy Be Fixed? (MoneyBeat)
• Tightest Credit Market in 16 Years Rejects Bernanke’s Bid (Bloomberg) see also Lenders Facing Housing Crash Rules Denying U.S Borrowers (Bloomberg)
• Do Financial Experts Make Better Decisions Than the Rest of Us?  No, says a new study of mutual-fund managers. (The Atlantic)
• Death of Active? The data doesn’t necessarily support the notion that investors have gotten religion about passive investing. (Morningstar)
• The Debate Over Wall St. Enforcement (DealBook)
• China’s strangest buildings, from pairs of pants to ping-pong bats (The Guardian)
• Is the Affordable Care Act Working? (NY Times)
• If GOP Takes Senate, Climate Change Deniers Will Control Key Committees (National Memo)
• Apple’€™s Surprising Growth Driver: The Mac (WSJ)

What are you reading?



Darker Global Outlook Has Bond Bears Hibernating

Source: WSJ


Category: Financial Press

Chemicals Behind the Colors of Autumn Leaves

Source: Compoundchem.com

Category: Digital Media, Science

Bad Maths

We live in an era of technological advancement. Whether it’s genomics, nanotechnology or software algorithms, the world is driven by mathematical solutions to complex problems. Yet at the same time, we are surrounded by what I like to call Bad Math. It seems as if the average person has little familiarity with the fundamental workings…Read More

Category: Bad Math, Really, really bad calls

10 Tuesday AM Reads

Last week’s strong markets seemed to have made everyone forget all the things they should not have been obsessing about in the first place. Guess that means October is almost over. And reads: • Treasury Liquidity Squeezed as Dealers Shut Off Machines (Bloomberg) • Porsche: The Hedge Fund that Also Made Cars (Priceonomics) • Could…Read More

Category: Financial Press


Category: Think Tank

10 Monday PM Reads

My afternoon train reads: • S&P 500′s Rise at Five Times GDP Growth Shows Recovery Is Priced Into Stocks (Bloomberg) • Hedge Funds’ Assets Rise, Even as Gains Fall (Barron’s) • The Downside to Stock Buybacks (WSJ) see also Buybacks are a Capital Structure Decision not an Investment Decision (Expecting Returns) • This stock market index…Read More

Category: Financial Press

Ebola Outbreaks Map

Source: The Economist

Category: Digital Media, Science

Misunderstanding the Magazine Cover Indicator

One of the more infamous and misunderstood market signals is the magazine-cover indicator. Created by Paul Macrae Montgomery, this contrary indicator essentially tells us when some investment theme or fad has reached a crescendo. The thinking goes that by the time the editors of Time find out about some hot investing trend, it is all…Read More

Category: Contrary Indicators, Investing

10 Monday AM Reads

My morning train reads: • James Montier: Maximizing Shareholder Value Is The Dumbest Idea In The World (Business Insider) • My (Somewhat Tepid) Defense of Hedge Funds (AQR Capital) but see Seeking Clarity Within the Hedge Fund Mirage (Brandes Inst) • The marijuana industry could be bigger than the NFL by 2020 (Washington Post) • Housel: How…Read More

Category: Financial Press

The Signaling Channel for Federal Reserve Bond Purchases

Category: Think Tank