Only 4 days left until the end of Shopmas! Our morning train reads are both naughty and nice!
• Stocks were “violently flat as 2015 Was a Year of Contradictions (Barron’s)
• “It is high time to have a non-rigging exchange (NYT)
• The unofficial Goldman Sachs guide to New Year’s resolutions (Business Insider) see also Goldman Sachs: 21 of the World’s Most Interesting Charts (Bloomberg)
• The Big Short: Was It Greed Or Accounting Rules? (Forbes) see also Did Fair-Value Accounting Contribute to the Financial Crisis? (NBER)
• Music in the brain: For the first time, scientists identify a neural population highly selective for music. (MIT News)
Be sure to check out our Masters in Business interview this weekend with Stephen Roach, formerly Chief Economist at Morgan Stanley, currently lecturer at Yale.
Barry,
Didn’t see any charts on the Business Insider link but the light resolutions were funny.
-Joel P.
~~~
ADMIN: Fixed
Las Vegas Strip sidewalk: Driver hits dozens of pedestrians in ‘intentional’ act
http://www.cnn.com/2015/12/21/us/las-vegas-strip-pedestrians-hit/
People have the right to own cars. You should NEVER be forced to license them! Imagine the cost! The loss of freedom!!
Send money tot he Automobile Club of America, their lobby/leader makes millions as he should!
So now the GOP’s trying to blame Fair Value Accounting for the Bush Ownership Society Financial collapse. ANYTHING but the Republican policies.
The can’t blame Reagan’s offshore tax shelters for all the money stashed overseas because they don’t want you to blame Reagan that YOUR share of the debt’s higher.
And all of a sudden Paul Ryan cutting deals with Obama is good if there are $700B in unpaid for tax cuts for the rich special interests.
When are you GOP voters going to wake up?
well of course it wasnt the policies. they were the correct ones. it had to be some thing else
Jeb Bush: ‘Donald Trump is a jerk’
http://www.cnn.com/2015/12/19/politics/jeb-bush-donald-trump-jerk
That’s what your campaign contributors PAID for the GOP Media Machine to expect from The Base.
Jeb, your campaign contributors are jerks.
Speak out you great un-fact checked un-washed masses of The Base.
“…I would have to agree with John from Hegewisch. We absolutely need a stricter voter identification process. It has been proven that there are counties and cities around the country that have had persistent voter fraud…”
http://www.chicagotribune.com/suburbs/daily-southtown/opinion/speakout/ct-sta-speak-out-st-1221-20151220-story.html
You pal. You’re wrong. if you SAY it’s been proved doesn’t mean it’s proved. That’s Republican Bullshit and you buy it because you have racists tendencies, but voter fraud isn’t a problem. Gerrymandering is a problem (let a computer make squares on the state) Guns are. Dependence on foreign oil is a problem (Build solar) Letting banks do what ever they want with gov’t deposit insurance is a problem. Reagan allowing companies to hide profits off shore is a problem, to name a few.
American’s don’t understand statistics, Jeb Bush’s campaign contributor’s don’t want The Base to.
http://www.thejuliagroup.com/blog/?p=4908
Fox Network Crowns wrong Miss Universe
http://www.chicagotribune.com/entertainment/ct-miss-universe-20151220-story.html
Karl Rove must have been FUMING.
Send immigrant Rupert Murdoch back home!
Oil at 11-year low
http://www.reuters.com/article/us-global-markets-idUSKBN0U401520151221
So if the Saudi’s decide to pump all out why does that make alternative energy “too high?”
Only because of the temporary gyrations in the market. And if you think those temporary gyrations shouldn’t be expanded out to ten twenty years, you’re wrong.
Invest in solar and alt. energy now! With everything we got. STOP FUNDING ISIS.
All these suckers… er… a… Saudi-knowledgable predictors of the future are getting their panties handed back to them.
http://www.bloomberg.com/news/articles/2015-12-21/etf-investors-have-spent-24-billion-trying-to-call-bottom-in-oil
Sorry your crap shooting in the oil price didn’t work. But why am I seeing any of these people express their views on Bloomberg and CNBC? Why is Joe Kernan on TV? Why is there something called the Commodities Super Cycle? What do the past squiggly lines have to do with anything?
Australian government ridiculed for its new anti-marijuana campaign featuring sloths
http://www.businessinsider.com/australia-mocked-for-anti-drug-campaign-new-south-wales-marijuana-sloth-stonersloth-2015-12
The hypocrisy of these alcohol-steeped government do-nothings his a Christmas present to us all. Reefer Madness marketing nonsense lives on in Australia.
corporations get to choose what laws they use
https://www.washingtonpost.com/news/wonk/wp/2015/12/16/the-legal-maneuver-that-allows-corporations-to-pretend-that-state-laws-dont-exist/
you dont. its called freedom (or maybe freedumb?)
Graham Drops Out
http://www.cnn.com/2015/12/21/politics/lindsey-graham-2016-campaign-drops-out/
Looks like keeping tariffs for South Carolina manufacturers and price supports for South Carolina farmers is no way to raise money and compete in the GOP. But I do hope he continues to speak out against Democrats interfering in free markets so we can laugh.
Don’t let the door to the bath house hit you on the way back in.
down here in Texas, we are about to go back to the wild wild west, where any one and every one can have a gun on their hip.
http://www.texasmonthly.com/the-daily-post/how-prepared-is-texas-law-enforcement-for-open-carry/
course they pointed to other states that already had this saying they didnt have any problems with it.
course they were all smaller states.
but maybe that the idea to make Texas smaller. that would be a first
It will clean up Obama’s health care crisis if everyone unloads their clip.
I can imagine online shopping would go thru the roof.
the return of greenspan conundrum?
http://economistsview.typepad.com/timduy/2015/12/what-is-the-feds-expectation-for-financial-markets.html
How will Shopmas prop up the Trump-deemed economic bubble if we let in all those Muslims?!
http://ritholtz.com/2015/12/trump-the-economy-is-in-a-bubble-no-its-not/
Trump on Paul Ryan’s Budget busting deficit pumping deal.
“..The real estate mogul also trashed congressional Republicans for supporting a newly-passed $1.1 trillion spending plan that received bipartisan support.
“I couldn’t believe that they did it,” Trump said. “The Republicans are supposed to stop it.”
http://www.bloomberg.com/politics/articles/2015-12-19/trump-predicts-u-s-economic-bubble-could-soon-burst
Supposed to? Trump is as dumb as the The Base. The Republicans give tax cuts to the rich. Everything else is secondary.
If you haven’t figured thar out yet then YOU are part of the problem.
Odell Beckham’s a dirtbag. Suspend him for four games. Take his money. Oh and his hair is ridiculous.
hm interesting thought. force VW to spend on new electric vehicles what it was about to be fined ?
http://qz.com/578833/in-a-letter-elon-musk-tells-volkswagen-to-cure-the-air-not-the-cars/
course it will be hard to ensure they do that.
but basically the company will be spending about $80 billion on plants,products etc as opposed to maybe tying to fix the cars and pay fines.
the easy explanation of Sta Wars?
http://qz.com/578838/video-stephen-colbert-explains-star-wars-in-two-fantastic-minutes/
climate change is already in Miami
http://www.newyorker.com/magazine/2015/12/21/the-siege-of-miami
Cramer: Apple’s Tim Cook ‘patriotic’ on taxes
http://www.cnbc.com/2015/12/21/cramer-apples-tim-cook-patriotic-on-taxes.html
BULLSHIT. Not when he lobby’s for special breaks. These are SPECIAL breaks that allow them and others to pay minuscule taxes, not “compete”
Tim Cook and the rest of these tax cheats and inverters LOBBY to keep this Reagan gift that keeps taking from the Treasury and increasing the national debt.
Get down to Afghanistan and FIGHT Time Cook if you don’t want to pay your fair share or LEAVE.
http://www.cnn.com/2015/12/21/asia/nato-members-killed-bagram-afghanistan/
America Love it or Leave. And PAY.
While loonballs in California made driverless cars illegal.
http://www.roadandtrack.com/new-cars/car-technology/news/a27663/california-dmv-puts-big-limits-on-public-road-testing-of-autonomous-cars/
VennData says make them mandatory
http://www.nbcnews.com/news/us-news/lakeisha-holloway-24-identified-suspect-deadly-las-vegas-crash-n483946
A middle ground could be found.
fuel of the future? Hydrogen, most common element in universe, and the output of using? water
http://oilprice.com/Alternative-Energy/Fuel-Cells/Breakthrough-In-Hydrogen-Cracking-Could-Create-Clean-Fuel.html
and what is becoming more expensive, and are?
water