• Why are Movie Theatre Revenues Declining?
Earlier this week, I looked into why theaters were having such a rough go of it. Turns out to have nothing to do with piracy. (There is a robust discussion — about 50 comments — at the end)
• The WSJ’s wrap up of the Yuan depegging was terrific (as usual). I’m a fan of the online WSJ version, and in a related, fascinating tidbit, Dow Jones now derives more profit from online than dead tree version of the WSJ — on only half the revenue.
• Overlooked in all the fuss this week were some startling figures as to the costs of the Iraq War. For more details, take a gander at "Will the US Economy Become a Victim of the Iraq War?"
• My take on the Yuan revaluation, Federal Reserve Responsibilities Outsourced to China, was only partially tongue-in-cheek. But don’t overlook the much more significant factor: Vulnerable Mortgages and the Depegging of the Chinese Yuan
• How Atypical is the present Business Cycle Recovery? Let’s go to the Federal Reserve Regional Banks:
∞ See this chart from the Cleveland Fed;
∞ See this study from the Boston Fed;
∞ See this study from the Chicago Fed;
Incidentally, Greenspan distanced himself from the Boston study.
• Poker Is Flush With Insight for Traders
Doug Kass usually publishes at the not
inexpensive Street Insight. Whenever a column of his rolls over to the
free site, its a must read, and this one is no exception.
• Finally, have a look at Clive Thompson. Thompson was a Knight science-journalism fellow at MIT, and is a writer on politics, technology, and culture. His blog, collision detection, is an interesting read.