My afternoon train reading:
• How to Track the Economy During A Government Shutdown (Real Time Economics) see also The shutdown and economic data (FT Alphaville)
• What I saw as a Wall Street trader: a culture of bad behaviour (The Guardian)
• Today’s Holy S#%t! headline: Apple Now Holds 10% of All Corporate Cash: Moody’s (WSJ) see also Number of the Week: Companies Holding Lots More Cash (Real Time Economics)
• Fixing exorbitant CEO pay: All is not lost (Fortune)
• Why is the Unemployment Rate Declining So Rapidly? (Human Capital Exchange)
• Wall Street to Washington: ‘What, Me Worry?’ (Businessweek)
• The Top Ten Most Gerrymandered Congressional Districts in the United States (PJ Media) see also How Less Than 5% Of The US Population Caused The Government To Shut Down (Business Insider)
• Wall Street to Washington: ‘What, Me Worry?’ (Businessweek)
• Why the Health Care Law Scares the G.O.P. (NYT) see also Overwhelming Demand for Obamacare Shows Potential Success (Bloomberg)
• Over the past few years, the zombie apocalypse has come to represent an alternative to neoliberalism – an ideology that admits no alternatives. (The Airship)
What are you reading?
Price of Gasoline Drops For 30th Straight Day
Source: Bespoke
Category: Financial Press
America’s path from fiscal improbity to political impasse Source: Economist
Category: Digital Media, Politics, Really, really bad calls
click for interactive graphic Source: Washington Post
Category: Digital Media, Employment, Politics
My in flight reading for today: • How we would report on it if It Happened There … the Government Shutdown (Slate) see also Americans by 72% Oppose Shutdown Tied to Health Care Cuts (Bloomberg) • Gold Selloff Catches Some Off Guard (Moneybeat) • 11 Reasons Why It’s Better To Get A CFA Than An…Read More
Category: Financial Press
I had a good time last night presenting “Your Brain on Stocks” to a room full of 1000 CFAs (or soon to be) at the Toronto CFA Annual Prediction dinner. Martin Barnes of BCA and Gary Shilling were also on the bill. Toronto resident David Rosenberg popped in (he spoke at this event in prior…Read More
Category: Markets
White House Releases Animated Explanation of ObamaCare
Source: WSJ
As ObamaCare discussions go on and a Government shutdown aimed at preventing its funding is ongoing, the White House releases an animated video on showing the benefits of ObamaCare.
Click to enlarge The chart above illustrates the potential relationship between the Federal Reserve’s QE programs and the S&P500. With the seemingly endless supply of free money, the drastic correlation between printing and pumping, how would this all end? What will the FED do with its balance sheet once it is all over? Will…Read More
Category: Federal Reserve, Think Tank
