Do-It-Yourself Memorial Day Linkfest

I hope everyone is enjoying their long holiday weekend — I have the iPod charged up, the burgers ready to for the grill, some SPF 8, and lots and lots of weekend reading.

Since the linkfest is on hiatus, here’s a fun suggestion: Use the comments to suggest your favorite link from the past 8 days (Sunday to Sunday). I’ll see if I can’t massage something together over the weekend out of them.

The rules are simple: Post the Headline, source name (in parens), a paragraph or two, and the full link. — Be sure to put the link in the space marked URL; this way, your name will be the hotlink to the article.  Those of you comfortable with HTML can use this code <a href="URL-GOES-HERE">Title</a>

The rough proportions of content should be approximately:

70%: Anything Market, Economic, Investing/Trading, Federal Reserve, Sentiment/Psychology, Earnings/Valuation, Credit/Derivative or Housing related.

20%: Technology, Science, Media, War & Defense, Politics 

10%: Music, Film, Books Fun!

 

Bonus points goes to those who find really cool but overlooked articles. The trade-off is content quality always trumps obscurity of source (meaning, some junk is unknown for a reason).

That’s the formula for my linkfest — let’s see if our crowd-sourcing do-it-yourself experimental fest generates anything interesting.

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LINK AWAY !

Category: Weblogs

Macro vs. Detailed Perspective

Category: Financial Press, Markets, Psychology

Another good Friday on CNBC — excellent guests, discussing real issues, and in great detail.

Like the interview two weeks ago with David Einhorn and William Ackman, this shows how good finacial television can be when a smart guest discusses weighty topics with sufficient time to go into details beyond bumper sticker.

I don’t know much about David Walker, but I was very impressed with him. Here’s info on the Peterson Foundation.

I don’t think the videos have as much Walker as they did on TV . . . 

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Private Equity With Pete Peterson
click for video
Peter_peterson_david_walker

Discussing the state of private equity, with Pete Peterson, The
Blackstone Group chairman/co-founder and David Walker former U.S.
Comptroller 

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Wall Street Star
click for video
Patterson

Perspectives on the economy, with Pete Peterson, The Blackstone
Group chairman/co-founder and David Walker former U.S. Comptroller

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Previously:
Video: David Einhorn, Greenlight Capital, William Ackman, Pershing Square Capital
http://bigpicture.typepad.com/comments/2008/05/video-david-ein.html

Category: Economy, Energy, Taxes and Policy, Video

Friday Night Jazz: Gerry Mulligan II

Paraiso_2About 10 years ago, while window shopping in Sag Harbor (the least offensive of the Hamptons), I hear this fabulous music wafting out the door of a small shop.

Turns out it was Gerry Mulligan‘s CD, Paraiso-Jazz Brazil.

It was a real eye opener: This clean, cool recording of lovely Latin melodies, overlaid with a delightfully dry, reedy saxophone that infused everything with a sophisticated  flavor. That was Gerry Mulligan’s sound.

Mulligan_chetbaker


NPR radio described Mulligan as "the most influential baritone saxophonist in jazz."

But Mulligan was more than that — he was a
commanding composer, an innovative musician, someone who pushed boundaries, yet remained accessible and enjoyable to listen to.

His history of playing with other key Jazz greats is rather astounding: He worked with Miles Davis‘ on the historic Birth of the Cool. He created a piano-less ensemble, with trumpeter Chet Baker.

Meets_monkHe cut albums with Thelonius Monk, Paul Desmond, Dave Brubeck, Stan Getz, Lionel Hampton, Ben Webster, Johnny Hodges, Judy Hollidaythe list of sidemen goes on and on.

Mulligan’s light and airy baritone saxophone was the epitome of the the "cool" jazz sound. Yet its amazing how easily he could interact with many other musical styles: Ben Webster’s blustery tenor (the epitome of a "warm" sound); Monk’s percussive, fractured piano rhythms and dissonant tunes; the sweet, subtle tension between Mulligan and Chet Baker.

M_plays_mYou can pretty much grab any random Mulligan album (I put up a decent selection here) and not be disappointed. You will see scattered around a broad selection of different styles, eras, and musical cohorts.

Are you a Brubeck fan? Monk? Chet Baker? Webster? Desmond? Grab anything, sit back — and enjoy.

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Mulligan became known for his writing and arranging skills in his teens. He wrote for Johnny Warrington’s radio band in 1944, and for Gene Krupa’s band two years later.

BerlinMulligan hit the big time when he became known for his work (writing, arranging, and soloing) on Miles Davis’ defining album, "Birth of the Cool." Gerry’s compositions for this album included "Jeru," "Godchild," and "Venus de Milo," all songs that would remain in his repertoire long after the initial success of the album had died down. (This album launched and aided several careers of important jazz figures).

Mulligan’s last record came out as one of his most beautiful. Lovely tunes, clever arrangements, and understated fabulous players mark his last recording (John Scofield and
Grover Washington, Jr. play on this).

DragonflySimply timeless music — and perfect for the holiday weekend with friends and family . . .   

Mulligan Discography (massive PDF)

NYT Mulligan Obit

Mulligan Videos after the jump

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Read More

Category: Digital Media, Friday Night Jazz, Music

Real Estate Video WSJ, Marketwatch

WSJ: Luxury Real Estate Sales in S. Florida

Marketwatch: Housing Market Recedes Further

Category: Real Estate, Video

Wave of Foreclosures Drives Prices Lower, Lures Buyers

Category: Data Analysis, Financial Press, Real Estate

Existing Homes Sales Fall; NAR seeks a PhD in Absurdism

Category: Data Analysis, Real Estate

Housing Price to Rent Ratio

Category: Real Estate

This Bull Has (Had) Legs !

Quite a while ago, I had an interesting conversation with a smart fundie manager. We had opposing views about many things. In particular, we disagreed upon was the value of (non-price) sentiment indicators. His argument was that when stocks get cheap enough — as reflected in their Prices, P/Es and cash flow measures — other…Read More

Category: Contrary Indicators, Financial Press, Investing, Markets, Psychology

James Galbraith Says Housing Problem to Last `Long Time’

Since we get existing home sales later today:

James Galbraith, an economics professor at the University of Texas,
talks with Bloomberg’s Matt Miller from Austin, Texas, about the
outlook for the U.S. economy and the challenges facing the next
president, the impact of Federal Reserve monetary policy on inflation,
and the state of the U.S. housing market.

click for video

Galbraith

James Galbraith Says Housing Problem to Last `Long Time’
Bloomberg, May 16 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aT2P76NSBpf4

Category: Economy, Real Estate, Video