10 MLK Day Reads

Good Monday morning. Markets are closed for the Martin Luther King Day holiday int he states — so no train for me – but no worries, we still have your reads queued up:

• No One Was Supposed to Lose This Much Money on Swiss Francs (Bloomberg View)
• The long and short of it: How bull and bear markets fight and co-exist (Financial Post)
• The casualties of cheap oil (WonkBlog) but see Finance can cope with cheap oil (FT)
• California Zooms Past Russia, Italy and Soon Brazil in Economic Might (Bloomberg)
• The Next Growth Area in Energy Has Nothing to Do With Oil, Wind, or Solar. It’s Batteries. (Slate)
• A 12-Hour Window for a Healthy Weight (Well) see also Minifasting: How Occasionally Skipping Meals May Boost Health (NPR)
• Experience is Simply the Name We Give Our Mistakes (Notes from the Hedge)
• Cruz Immigration Crusade Has Republicans Fretting Over Backlash (Bloomberg)
• Pope Francis Is Taking Action On Climate Change (Business Insider) see also New Pew survey shows Americans might finally be getting serious about global warming (WonkBlog)
• Formation-flying satellites link up to create giant virtual telescope in orbit (The Guardian)

What are you reading?

 

 

 

Falling Rates Spur Revival in Market for Mortgages

Source: WSJ

 

Category: Financial Press

Gross: Buy TIPS and BlackRock Build America

Barron’s Roundtable member Gross reflects on the dangers of global debt, and suggests two ways for investors to profit in a low-rate environment.

Bill Gross: Buy TIPS and This Closed-End Fund

1/17/2015 2:46AM

Category: Financial Press, Video

5 Charts That Explain 2014′s Record-Smashing Heat

Source: Mother Jones

Category: Digital Media, Science

“I come not to praise forecasters but to bury them.”

>   My Sunday Washington Post Business Section column is out. This morning, we look at why It’s time to market forecasters to admit the errors of their ways. It is yet another look at the parade of really bad forecasts we get treated to constantly in the world of investing and finance. Here’s an excerpt…Read More

Category: Apprenticed Investor, Asset Allocation, Investing, Really, really bad calls

10 Sunday Reads

My Easy like Sunday morning reads: • Shitcoin: a Modest Proposal. (Loper OS) • I Was an Amazon Chew Toy: “The dog-friendly offices always had their doors closed, lest the dogs escape.” (The Awl) • Shiller: What Good Are Economists? (Project Syndicate) • What’s So Bad About Cheap Oil? (NYT) • Attorney General Holder limits civil seizure process that split billions…Read More

Category: Financial Press

Modern Life

CURATORS/FILTERS They’re everything in the modern world. Unless you attach yourself to someone/something that already has an audience, your chance of succeeding is incredibly low, because there’s just too much noise. So, despite the bitching about challenging economics, that’s the power of the newspaper. It’s filtered news. And ads. And listings. Most competing with traditional…Read More

Category: Think Tank, Web/Tech

MiB: Bill Gross

This week, the “Masters in Business” podcast features Part 1 of an interview with famous bond investor Bill Gross, formerly of Pimco, now with Janus Capital.

Gross sat down with me in the Bloomberg studios in New York for an extensive two-hour interview. It was the first time I’ve met Gross, and I found him to be intelligent and forthright, answering all of my questions directly and unambiguously.

We discussed the early days at Pacific Life, the founding of Pimco and his early influences and mentors. He talked about the role of Black Jack in influencing his investing and risk-taking philosophy.

I was especially intrigued by his descriptions of what it was like to manage assets in the 1970s and ’80s. He said that during the 1987 crash, he sat transfixed, “staring at the screen like a deer in the headlights.” He vowed to make sure that during future crises that wouldn’t happen again.

He also said quite a few surprising things — about the Federal Reserve and quantitative easing, about what investors can learn from gamblers and about his creation of Portable Alpha.

You can hear it live on Bloomberg radio, download the podcast here or on Apple iTunes or stream it on Soundcloud (below). All of our prior podcasts are available on iTunes.

Next week, “Masters in Business” will feature Part 2 of the interview.

Read More

Category: Fixed Income/Interest Rates, Podcast

10 Weekend Reads

That was a week for the record books. Settle into your favorite easy chair, fill a mug of hot joe, and enjoy our longer form weekend reads: • Google Search Will Be Your Next Brain (Medium) • How stories change hearts and brains (Aeon) see also What are some of the most mind-blowing facts that sound…Read More

Category: Financial Press

Switzerland – Chapter 2

Switzerland – Chapter 2 David R. Kotok January 16, 2015   In the wake of Switzerland’s removing the cap on the Swiss franc’s value against the euro, debt owed by non-Swiss agents has become an emerging issue. That debt, denominated in either Swiss francs or in euros, is secured by collateral outside of Switzerland. Is…Read More

Category: Currency, Think Tank

A Visual Map of the History of Jazz

Click for the full map. Source: Who’s Like Tatum? via Know More

Category: Data Analysis, Digital Media, Friday Night Jazz, Music