10 Wednesday AM Reads

Gear up for another busy day, barely halfway though the week, with our superpac morning train reads:

• Hedge Funds Gear Up for Another Big Short (WSJ)
• 5 biggest takeaways of Apple’s Q3 2015 quarterly earnings (MacWorldsee also Apple Watch Revenues almost $1 billion dollars (AP)
• Forget gold, the sugar price collapse is far more dramatic (Telegraph)
• Price stickiness is not a mystery, and it is not psychology (Interfluidity)
• Confidential Documents: Red Cross Itself May Not Know How Millions Donated for Haiti Were Spent (ProPublica)

Continues here


Category: Financial Press


Source: NYT

Category: Humor, Politics

Combining GDP and GDI for a Better Measure of the Economy Could Be Tricky Daniel Carroll, Jessica Ice Cleveland Fed, 7/20/15       After the Bureau of Economic Analysis (BEA) released its latest estimate of real GDP growth for the first quarter of 2015—a disappointing −0.2 percent—economists began looking for reasons for the sudden…Read More

Category: Data Analysis, Economy, Think Tank

Legalization Nation

Source: WonkBlog

Category: Legal, Politics

FIFA Fiasco: Alleged Criminal Schemes

Awesome Bloomberg interactive on the FIFA scandal:   Click to see the full interactive graphic. Source: Bloomberg

Category: Digital Media, Legal, Sports

Overall Advisor Satisfaction

From Wealth Management: Advisor satisfaction and loyalty has tumbled at national brokerage firms amid heightened concerns over compensation changes and a lack of confidence in leadership. Source: Wealth Management

Category: Investing

Oaktree’s Howard Marks: Why People Repeat Financial Errors

This week on our Masters in Business radio podcast, we speak with Howard Marks, co-chairman of Oaktree Capital Group. In our discussion, Marks explains what “second-level thinking” means for investors and why so many people make the same financial errors. Marks, who holds an MBA from the University of Chicago’s Booth School of Business, started as an…Read More

Category: Podcast

10 Tuesday AM Reads

My slightly ironic two-fer-Tuesday morning train reads: • It’s a Bull Market. Get Intelligent About Stock Market Investing. Take a look at the real Nasdaq 100 (Bloomberg) see also Getting High on Their Own Supply: Corporate stock buybacks put a floor under earnings (Bloomberg) • Ask Me Anything: Varoufakis (Reddit) see also Grexit remains the likely outcome of this sorry process: Unless the economy…Read More

Category: Financial Press


Meet the man behind New York City’s subway announcements.

Source: New Yorker

Category: Travel, Video

The Effect of the Strong Dollar on U.S. Growth

The Effect of the Strong Dollar on U.S. Growth Mary Amiti and Tyler Bodine-Smith Liberty Street Economics,  July 17, 2015   Correction: This post was updated on July 17 to replace the term “export volumes” with “real export values.” Although the terms are often used interchangeably, the term “real export values” is deemed more precise….Read More

Category: Currency, Economy, Think Tank