Weekend Linkfest!

Good morning, and welcome to the monkey house. Now that the deluge has stopped, we can put away our umbrellas and turn to the key topics of the day. Leading off the hit parade is inflation:

Look Ma, No Inflation! was my sarcastic take on the nonsensical core rate (this one seemed to resonate in the MSM).   

• Barron’s Alan Abelson calls the Core CPI perspective "Spin."  (No Barrons sub? You an see the relevant excerpt here)

• Before the CPI data came out, I explained why Inflation is here and the Core CPI is nonsense in  this Forbes’ Video. (I also managed to snap some photos of Malcomb S. Forbes’ motorcycle!)

• John Mauldin excellent smackdown on the absurd way CPI calculates Housing data in Smoothing Out Inflation. If utility costs go up, the CPI believes your renters equivalent is therefore going down — Energy inflation perversely lowers housing costs. 

• While I completely disagree with James Altucher’s take, his column "Don’t Sweat Inflation Worries" does as good a job as any explaining the no inflation view. (He’s wrong, but its a good column nonetheless).

But its not all inflation — other items were worth exploring:

• For how many quarters have we heard that "Big Caps are about to outperform?"  Barron’s Mike Santoli clarifies that canard. (No Barrons sub, go here).

• The Apprenticed Investor column is back, and this week’s entry generated a lot of mail: Write This Down helps answer the question "What was I thinking when I bought that pig?"

• Slate’s Dan Gross asks "Who will fill the Fed chairman’s shoes?"

• RM’s Columnist Conversation had a robust debate on TA versus Fundamentals, and I weighed in here: Fundies Blow Delphi Call. Quite frankly, if a tool works for you, than you should use it.

• Each week the CARNIVAL OF THE CAPITALISTS has 20 or so posts on various economic, business and market related topics. Its a good way to discover new voices on these subjects.

• The Insolvency Epidemic has been gaining momentum. Friday was supposed to be the Day of Last Resort — but its been extended thru the weekend.

• Last week, I did something I almost never do: I read not one but two WSJ Op/Eds: I was shocked; Not only were they factually inaccurate and poorly researched (See Get A Clue) — they were ginormous MONEYLOSERS. My advice to investors: Read the WSJ, but stay far far away from the Op Eds.
• Lastly, I came across this rather expensive tome — The Psychology of Technical Analysis — If anyone has any feedback on it, please share it with me.

Category: Economy, Financial Press, Weblogs

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A Day of Last Resort

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Look Ma, No Inflation!

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