10 Thursday PM Reads

My afternoon train reads:

• Shiller P/E Shows Confidence in Profit Outlook (Bloomberg)
• The Legend of Jackson Hole (FT Alphaville)
• O’Shaugnessy: The Power of Habit (Yahoo Finance)
• Is the World Getting Riskier? (Chief Investment Officer)
• Have Americans really fallen out of love with driving? (Fortune)
• Why surveillance companies hate the iPhone (The Switch)
Todays WTF headline: Marijuana’s Buzzkill DNA: Biotech Researcher Finds Medical Pot Laced With Feces (Bloomberg)
• Pakistan’s fight against feudalism (Al Jazeera)
• In Ferguson, Washington Post Reporter Wesley Lowery Gives Account of His Arrest (Washington Post) see also Photos of the Protests in Ferguson (Slate)
• Here Now, the 15 Most Expensive Homes for Sale in Brooklyn (Curbed)
• 12 years of data from New York City suggest stop-and-frisk wasn’t that effective (WonkBlog)

What are you reading?


Why Emerging Markets Have Room to Grow

Source: BlackRock

Category: Financial Press

Get Ready for the Shanghai Composite Break Out

  China is on the verge of breaking out from its pattern of consolidation, at least according to the monthly chart book from the analytics team at Bank of America Merrill Lynch. If you look at the chart above you can see that the Shanghai Composite Index is in the midst of transitioning into an…Read More

Category: Markets, Technical Analysis, Trading

Wrong Way Plosser

Hawks Crying Wolf: Charles Plosser of the Philadephia Fed; if you’ve been following these things, you know that Plosser has been warning about imminent inflation since the beginning of the crisis. He did it in 2008; he did it in 2009; he did it in 2010; he did it in 2011; I’m getting tired here,…Read More

Category: Federal Reserve, Inflation, Really, really bad calls

Skepticism Leads to More Market Momentum

Amid a wealth of potential problems, markets are now close to record highs. Military conflicts in Syria, Iraq, Gaza and Ukraine are an unending source of concern. Domestically, economic growth remains below potential. The civil strife in Ferguson, Missouri, reveals the U.S. to be a nation even more divided than previously thought by many. At…Read More

Category: Contrary Indicators, Markets, Psychology

10 Thursday AM Reads

The endless parade of news never stops, which is why we bring you these hand-curated reads each morning (continues here): • Vanguard takes keys to Pimco’s bond kingdom (Investment News) • America Inc. Gets Schooled on Wages (WSJ) see also Overlooked Data Shows Japan Wages Rising (Real Time Economics) • Why Bank of America probably won’t…Read More

Category: Financial Press

5th Longest S&P500 Streak

For data buffs: Stephen Suttmeier of BAML points put that this is the 5th-longest S&P 500 streak above the 200-day MA going back to 1928. “The S&P 500 Index moved above its 200-day moving average on November 19, 2012 and has not closed below it on a daily basis for 21 months. The record is…Read More

Category: Markets

Nicholas Felton: A Quantified Life

Mr. Felton, an information designer who used to work at Facebook, has tracked almost every aspect of his life, from the miles he’s walked to the average length of his personal conversations.

Category: Data Analysis, Video

The Role of Oil Price Shocks in Causing U.S. Recessions

Category: Energy, Think Tank

Rare Midsize Black Hole

NASA: Astronomers from the University of Maryland, College Park (UMCP) and NASA’s Goddard Space Flight Center have uncovered rhythmic pulsations from a rare breed of black hole in archival data from NASA’s Rossi X-ray Timing Explorer (RXTE) satellite. The signals provide compelling evidence that the object, known as M82 X-1, is one of only a few midsize black holes known.

Dying stars form modest black holes measuring up to around 25 times the mass of our sun. At the opposite extreme, most large galaxies contain a supermassive black hole with a mass tens of thousands of times greater. Just as drivers traveling a highway packed with compact cars and monster trucks might start looking for sedans, astronomers are searching for a middle range of the black hole population and wondering why they see so few.’




Read More

Category: Science, Video

10 Wednesday PM Reads

My afternoon train reads: • How can you have euphoria when nobody gives a sh*t? (Reformed Broker) see also Seventy Years After Stock Market Crash, Six of Ten American Households Invested in Stock Market (Gallup) • The downsides of cheap corn (WonkBlog) • Why Your Hot Mutual Fund Probably Won’t Stay That Way (Fiscal Times)…Read More

Category: Financial Press