Triskaidekaphobians, relax! There is no reason to fear Friday the 13th, not when you have the best morning train reads in the land:
• Why the Bond Bull Market Isn’t Over (Barron’s)
• Cry me a river that leads to Omaha (Michael Santoli) see also Protégé Partners: These factors ‘wreaked havoc’ in our bet against Buffett (Adam’s Angle)
• Investors Snap Up Online Financial Advisers: Startups Get Lofty Valuations From Venture-Capital Backers, Who See Tech-Stock Appeal (WSJ)
• Banks May Have Overplayed Their Hand Fighting Wall Street Regulation (Bloomberg)
• Killing the Golden Goose? The Decline of Science in Corporate R&D (NBER) see also America’s Lethal Fear of Science (Project Syndicate)
The article that “Quantum equation predicts universe has no beginning” has clear implications, if it has no beginning, it has no end.
So buy the index and sit tight.
Simply go back in time and deposit one dollar in the bank and with compounding interest you’ll have all the wealth you need to visit the Restaurant at the End of the Universe.
The phone companies want to control the internet after using lobbyists to stop governments from building Wi-Fi and thwarting competition at the house-level.
The main Net Neutrality argument is that we will be using “1930’s regulation.”
Are these the same groups who claim literal interpretations of the Bible? The Constitution? And Ayn Rand’s book form the the middle of the last century as they beacons?
The Republicans always have a different philosophy for each situation. They just want their rich, entrenched donors to win.
So true. So true.
The Bloomberg article on the Banks overplaying is excellent.
People need to get off the “Nobody wen to prison” hobby horse and get swaps onto exchanges so banks trade with proper capital controls like everybody else.
We want all-electronic bond trading, universal terms, etc. If you think your hedging is so unique, well as Finance 101 teaches you we can construct it from other financial instruments.
The banks are screwing us with their GOP donors. I may not be a big Elizabeth Warren fan, but she’s right about the banks. Period.
Scot Walker bounces in Iowa after opting out of evolutionary talk in London
http://www.politico.com/story/2015/02/iowa-new-hampshire-the-politico-caucus-115170.html
Wis. Gov. Walker, in London, dodges questions about evolution
http://www.chicagotribune.com/news/local/breaking/chi-wis-gov-walker-in-london-dodges-questions-about-evolution-20150212-story.html
I believe Scot Walker can break the hold that science has on the minds of Democrats the way he broke the way public sector unions ruined Wisconsin. Give your vaccination money to Scot Walker to lead us to the Promised Land of prayer-based fifth generation fighter bombers.
Actually, the GOP is evolving as we speak. It turns out they have found religion on income inequality. It’s all Obama’s fault! And the new and improved Republican will lead us out of the income inequality wilderness to the Promised Land of growth and opportunity. I think this message is being funded by the Koch brothers with campaigning support from Grover Norquist.
http://www.npr.org/2015/02/13/385948438/political-necessity-forces-gop-into-middle-class-income-debate
I saw this piece by Josh Brown on the potential breakout by the NASDAQ index.
http://thereformedbroker.com/2015/02/12/this-is-the-big-one/
I was very confused by this. I thought they had eliminated the NASDAQ index (too 1999ish) and simply replaced it with AAPL.
The scaremongers are out in force on the “Russia dumping $USD” schtick. Most are apocalyptic and frankly hilarious but a few like this one actually seem to make a little sense once you get past the “secret deal” conspiracy theory …unless you know anything about currencies and international trade.
Russia dumping dollars to use to protect currency and falling oil prices
America’s gambit to force down the price of oil is a ploy the U.S. used in the late 1980’s to destroy the Rouble, and tear down the old Soviet Union’s economy. However, the Russian leadership is not stupid, …
The acumen of Russian leadership is neither here nor there. We’re talking a 2nd-world, resource dependent economy that has neither enough foreign exchange nor international trade to do anything economically significant to anyone except those dependent on its gas or within reach of its military.
NB: To be clear Russia doesn’t even have enough dollars to protect its own currency much less have any impact on the US economy but generally speaking ‘dumping dollars’ is favorable for the US and it would be nice if more countries did it; an expensive dollar is generally bad for our balance of trade, current account and employment.
Snowden wants all his fans not to use iphones.
http://securityaffairs.co/wordpress/32557/intelligence/snowden-doesnt-use-iphone.html
Apple has record sales.
http://time.com/3685341/apple-shines-with-record-earnings-on-huge-iphone-sales/
Get on board with the White House strategy to protect us.
http://www.reuters.com/article/2015/02/13/us-usa-cybersecurity-idUSKBN0LH17A20150213
Google, Yahoo, Facebook are making a mistake by not attending this meeting, siding with Snowden, Putin, the philosophers rather than the real world.
Google, get with the real world.
uh……Google is the real world. Everything else is imaginary.
Amex arrogantly refuses to adapt to business and consumer’s desire for low cost transaction processing.
http://about.americanexpress.com/news/pr/2015/amex-costco-us-agreement-to-end.aspx
Capitalists make mistakes, they are free to under capitalism, and loose. Capitalism will drive transaction costs down. Get on board or get left behind.
I don’t give a damn about “miles” or “cash back” I want lowest prices possible and profitable engines of innovation.
Get the vestigial banks out of the money business.
US military leaves Sanaa Yemen.
Add Yemen to the growing list of US trained, equipped and aided militaries to lose.
Is the US stuff so bad See F-35 not meeting tests, etc), or is it US tactics (body bag strategy don’t work for US either), or is US giving military largesse to the wrong kind of thug?