The Increasingly Unequal States of America

The Increasingly Unequal States of America

Source: EPI

Category: Markets

10 Thursday AM Reads

Good morning, Here are my post Fed day morning train reads: • We’re on the verge of a crisis, bears warn (Money) • The Superinvestors of Unconstrained Bondsville (SSRN) • Would Keynes Have Been Fired as a Money Manager Today? (A Wealth of Common Sense) • Investors Rethink Taking a Leap Into Junk Bin (WSJ) • The CEO Who Saved…Read More

Category: Financial Press

Patience

Patience David R. Kotok Cumberland, January 28, 2015   Patience, noun. 1. the quality of being patient, as the bearing of provocation, annoyance, misfortune, or pain, without complaint, loss of temper, irritation, or the like. 2. an ability or willingness to suppress restlessness or annoyance when confronted with delay: “to have patience with a slow…Read More

Category: Think Tank

How Changes in Immigration Policy Might Affect the Federal Budget

Category: Think Tank

When Does a Central Bank’s Balance Sheet Require Fiscal Support?

Category: Think Tank

White House: Fox Is Not a News Organization

Shepard Smith explains:

“I sat next to Brian Williams, and we all have these place cards and his said, ‘Brian Williams, NBC News.’ And across from me was David Muir, the new guy on ABC. It said, ‘David Muir, ABC News.’ And then, over next to the president, was Scott Pelley, and it said, ‘Scott Pelley, ABC News.”

“And I looked at mine, and it doesn’t say anything about news. It just says, ‘Fox.’ And I looked at Bret Baier’s and it said, ‘Bret Baier, Fox.’ But all the rest of them got ‘news.’ I mean, I don’t care — lunch was great.”
-Inquistr

This is pretty hilarious, because its true.

My solution was somewhat different: Rather than omit the word News, I put the word in quotes, thusly:


 

Its more aggressive, less passive.

Kudos to Shepard Smith, for keeping it classy. And kudos to the White House, for speaking the truth.

 

Video after the jump

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Category: Financial Press, Really, really bad calls

Apple’s Q Reveals the Perils of Earnings Predictions

Apple’s first-quarter earnings were blow-out numbers. Far beyond what anyone forecast, the figures show Apple arguably had the single-greatest quarterly performance in U.S. corporate history. A quick overview: Apple’s net profit of $18 billion is an astonishing gain of 38 percent over the already-huge $13.1 billion in the same quarter last year. (So much for…Read More

Category: Analysts, Earnings, Technology

The Year in VIX and Volatility

Terrific graphic from Bill Luby at VIX and More looking at the various potential drivers of volatility:   click for monster chart Source: VIX and More

Category: Derivatives, Markets, Technical Analysis

10 Wednesday AM Reads

We survived the snowpacalypse, with both electricity and internet access intact. Hence, our free range morning train reads: • Apple’s Earnings: The Staggering Numbers (WSJ) • Strong Dollar Squeezes U.S. Firms (WSJ) see also U.S. Strengths Buoy Consumers but Hurt Corporations With Business Abroad (Dealbook) • A Dozen Things I’ve Learned from Joel Greenblatt about Value Investing (25iq) • The new phase…Read More

Category: Financial Press

Spectrum of Pain from Oil Price Decline

With the price of crude oil plummeting, why some countries are faring much better than others.

Oil Prices’ ‘Spectrum of Pain’

Category: Energy, Video