10 Thursday AM Reads

For those of you complaining about the lack of volatility, I hope you are happy now! Our vine-ripened morning train reads:

• Fund Managers Who Spit Out Their Own Cooking (Morningstarsee also As Activism Rises, U.S. Firms Spend More on Buybacks Than Factories (WSJ)
• Paulson & Rubin: Why the U.S. Needs to Listen to China, and vice-versa. The importance of the mutual economic criticisms between two major world powers. (The Atlantic)
• The Tanker Market Is Sending a Big Warning to Oil Bulls (Bloombergsee also Iraq About to Flood Oil Market in New Front of OPEC Price War (Bloomberg)
• How FIFA’s Structure Lends Itself To Corruption (fivethirtyeight)
• GMO Scientists Could Save the World From Hunger, If We Let Them (Newsweeksee also You won’t believe the $%#! you’ve been eating (CNN Money)

Continues here


Category: Financial Press

The Fed Raising Rates?

The Fed Raising Rates? David Kotok Cumberland Advisors, May 26, 2015       It’s not about when; it’s about the path to get there. Suppose the Fed lifts rates on the short end of the yield curve by a quarter point in September. Or December. Will it really make a difference? Suppose the Fed’s…Read More

Category: Federal Reserve, Fixed Income/Interest Rates, Think Tank

Nuclear Explosions Since 1945

Source: Radical Cartography h/t Know More

Category: Data Analysis, Digital Media, Politics, Science, War/Defense

Rental Fever

  Rental costs are increasing faster than home values for the first time since 2012. Rental increases outpaced property values in 20 of the 35 largest U.S. markets last month, according to Zillow .   Source: Bloomberg

Category: Inflation, Real Estate

A 14 Percent Infrastructure Fix?

My wife leaves for work earlier than I do, giving her first choice of which car to drive. She has a longer drive than my three-minute jaunt to the train station, so I don’t mind. That often means I get the rear-wheel drive convertible in the snowy winter months, and the all-wheel drive Jeep in…Read More

Category: Politics, Really, really bad calls, Taxes and Policy

10 Wednesday AM Reads

Hand curated, dry aged, lovingly selected: Our mid-week morning train reads: • Robo Advisors Take On Wall Street: Technology is transforming the insular world of financial advice. That’s good news for investors. (Barron’s) • Can your investment portfolio survive rising interest rates? (Fortune) see also How Should Investors Prepare for Rising Rates? (Irrelevant Investor) • Predictions and Prognostications: “It is exceedingly…Read More

Category: Financial Press

Feedback on Fox News

My little paper on Fox News has gotten an extraordinary amount of attention, downloaded 25,000 times already. I added a follow-up on how unskewed polls may have cost the Republicans the 2012 election by creating self-delusion about how well Romney was doing. Perhaps this is why 58 percent of Republicans thought the 2012 election was…Read More

Category: Financial Press, Politics

Category: Think Tank

Dark Horse Candidate for 2016

Category: Humor, Politics

Inflation vs. P/E Model (1965 to Present)

  Relative to this morning’s column, consider this discussion about inflation and valuation: From Savita Subramanian: Inflation: The level of inflation also matters, and historically has had a strong relationship with PE multiples. Chart 2 below indicates that the relationship may not be linear, but many have simplified this relationship to the “Rule of 21”…Read More

Category: Inflation, Investing, Valuation