No foolin’ around with our April Fool’s morning train reads:
• Investors Across the Globe Join the Party (WSJ)
• All Hail Jeffrey Gundlach, the New Bond King (Bloomberg View)
• Once-bullish fund managers start to capitulate on oil prices (Reuters) see also Oil Speculators Focused on Glut Miss Surge as Bombs Hit Yemen (Bloomberg)
• Highs and lows of the minimum wage (Tim Harford)
• Did Bernanke forget about QE? (FT Alphaville) see also U.S. Government Bonds Rise for Fifth Straight Quarterly Gain (WSJ)
Continues here: Ritholtz’s Reads: All Hail the New Bond King
the 1% solution: In defense of Trevor Noah’s stupid, tasteless tweets (WaPo) http://wapo.st/1BM8x93 Meet the tweet-deleters: people who are making their Twitter histories self-destruct ( fusion w/o the IQ) http://fus.in/1FhdefO
The War Nerd: Islamic State and American Narcissism (pandodaily) http://bit.ly/1xyudu1
‘Sunk like a stone/ Like a first owner’s home loan’ (wsj) http://on.wsj.com/1IOlKnB Courtney Barnett to Release First Full-Length Album
WWJD who would jesus discriminate?
I think it was the money lenders and the Pharisees (religious leaders). The irony is too delicious.
This is going to be an interesting case to watch. first off, it will be interesting to see if BoA can get it dismissed, and if not then to see if it goes to trial. It appears to highlight all of the advantages that you get in the financial system if you are a wealthy, “special” individual that is clearly not deserving of merely setting up accounts at Vanguard.
http://losangeles.cbslocal.com/2015/03/31/nfl-linebacker-alleges-bank-of-america-aided-abetted-20m-fraud-scheme/
the Gundlach article link does not work. it is
http://www.bloomberg.com/news/articles/2015-04-01/gundlach-tops-peers-at-five-years-as-caution-belies-image
~~~
ADMIN: Fixed.
Apparently, the open letter from America’s CEOs to Mike Pence required translating into Plain English from PR-Newspeak.
http://www.marketwatch.com/story/an-open-letter-to-indiana-gov-mike-pence-from-every-us-ceo-2015-04-01?page=1
Who are these religious people whose rights are being trampled upon? Where are the cases?
It’s like the GOP complaining about all the family farms going bust.
rd–I need to take a shower after reading a few of those comments over at MarketWatch. I hadn’t been over there in awhile and now I remember why.
I never read the comments at Marketwatch, Bloomberg etc. 1% of them have any value and the vast majority are just trolls. They have a decent selection of columnists though with some interesting info.
I think this current furor is actually a sign of progress for the US as it shows that the belief in civil liberties is alive and well. In particular, the US has a long history with slavery and segregation that indicates the slippery slope discrimination can follow.
“First they came for the Jews and I did not speak out — because I was not a Jew
Then they came for the communists and I did not speak out — because I was not a communist
Then they came for the trade unionists and I did not speak out because I was not a trade unionist
Then they came for me and there was no one left to speak for me”
(Pastor Niemoeller)
Niemoller was initially a supporter of Hitler and the Nazis until he realized their true nature in the mid-30s. By then, they were in firm control and he ended up in concentration camp in 1937 and somehow managed to survive until the end of WW II.
http://www.history.ucsb.edu/faculty/marcuse/projects/niem/articles/Marcuse2014NiemoellerQuote147gWeb.pdf
Today is the first anniversary of the most hilariously narcissistic art world blog post I have ever read. I still cannot believe it’s not an April Fools joke.
http://www.portlandart.net/archives/2014/04/15_years_in_por.html
I wonder where he sees himself in the spectrum of Sturgeon’s Law
http://en.wikipedia.org/wiki/Sturgeon%27s_law
Arkansas Governor Asks Lawmakers to Recall Contentious Religious Freedom Bill
http://www.nytimes.com/2015/04/02/us/arkansas-indiana-religious-freedom-hutchinson-pence.html
Netahyahu can make the rounds of the GOP-dominated legislatures and scream about Arabs trampling on Real-Israeli’s rights.
http://www.washingtonpost.com/world/netanyahu-apologizes-to-arab-voters-for-comment-widely-criticized-as-racist/2015/03/23/93417f1c-d18c-11e4-8b1e-274d670aa9c9_story.html
Ongoing hydrothermal activities within Enceladus
http://www.nature.com/nature/journal/v519/n7542/full/nature14262.html
We MUST pass laws protecting our rights from being trampled on by these… these… CREATURES!
California has first mandatory water restrictions
http://www.bloomberg.com/news/articles/2015-04-01/brown-orders-mandatory-water-curbs-as-california-drought-worsens
Let the water wars begin.
http://www.nytimes.com/2015/04/01/upshot/why-more-education-wont-fix-economic-inequality.html?ref=business&abt=0002&abg=1
That’s correct the cost of capital is too low and the taxes on it. Any talk of tax reform that doesn’t raise the capital gains is meaningless.