Its been a while since I’ve had the time to put up a weekend linkfest. Its a 3 day holiday weekend, so in light of a possible dearth of reading material, what the heck! Here’s a monster holiday linkfest for your surfing enjoyment:
• Barron’s Alan Abelson advises incoming Fed Chair Ben Bernanke that "whenever faced with making a critical decision, think, What would Alan Greenspan have done? — and do exactly the opposite." Why does that sound so familiar . . . ? (if no Barron’s sub, go here)
• People seem to misunderstand both the New Home Sales, as well as
Housing Starts and Permits. The reported data is statistically complex,
but as a leading indicator, it means much less than you think;
• Part of my Bearish thesis for ’06 is that Real
Estate, the prime driver of the 2003-05 economy, slows with little
else filling the void. Consider these five articles, and draw your own conclusion;
• The Business Week Forecasts for 2006 are out, and the crowd is rather Bullish. Extremes: I am the outlier to the downside, while Elaine Garzarelli is my counterpart to the upside (I’ll take those odds!);
• The flattening of The Yield Curve has been much talked about lately ; Here’s what you need to know about it;
• Lots of people have drawn a Parallel between 1994 and 2005. Doug Kass calls that bunk;
• I normally steer clear of politics (except when it relates to science and technology). But I had to sit up and take notice this morning when the normally conservative-leaning Barron’s Editorial Page called for an investigation into the Bush administration’s use of domestic surveillance as a possible impeachable offense (if no Barron’s, go here);
• We’ve heard for "decades that small business was the nation’s growth engine for job creation;" A new report concludes that thesis is an urban legend;
• I understand these are merely probabilistic analyses, but: What are the odds of 2006 being a positive year?
• A fascinating look at Economics and Evolutionary Psychology;
• Here’s an ominous sign: China recruiting is U.S. IT grads;
• Federal Judge John E. Jones III (appointed by President Bush) administers to "Intelligent Design" the thorough bitch slapping it so richly deserves;
• There are a huge number of free downloads legally available from Amazon.com
• Am I the only one who doesn’t much care for CNBC’s redesign? May I also puh-leeze request a return the clock/futures bug/Indices back to its rightful spot in the lower right hand corner!
Have a happy and healthy holiday, and successful and rewarding New Year!
That’s oughta hold the little bastards!