10 Sunday Reads
Good morning. Its time for some reads to start your Sunday: • The Market Is Starting To Recognize Reality (Comstock Partners, Inc) • Greece’s predicament: Lessons from Argentina (VOX EU) • What Money Can’t Buy: The Moral Limits of Markets (B&N Review) • 11 Brilliant Insights From Wall Street Legend Barton Biggs (Business Insider) •...
Another difficult week for markets
Indian consumer prices rose by +10.36% in April YoY, as food prices increased, and higher than the +9.38% in March. Headline WPI rose to 7.2% in April, up from 6.9% in March. However, lower oil prices (particularly if sustained) will help materially in coming months; The Bank of Spain reported that bad loans increased by...
Syndicate: If You Can Get It, Run The Other Way
Given the insane hype surrounding the Facebook IPO, it should really have come as no surprise to anyone that it’s being perceived as a massive flop. (A search at the NY Times website turns up no articles about Cisco Systems 1990 Initial Public Offering (Feb 16, 1990 at a split-adjusted price of $0.06); it does...
Dr. Frankenstein’s Europe
Dr. Frankenstein’s Europe By John Mauldin May 19, 2012 There Is No Easy Grexit A Rational Bank Run Greek Fatigue The Alligator of Bank Runs Who Gets the Old Maid? Atlanta, New York, Philadelphia, Italy, and Singapore “Had I right, for my own benefit, to inflict this curse upon everlasting...
Why Foxes Are Better Forecasters Than Hedgehogs
Why Foxes Are Better Forecasters Than Hedgehogs from The Long Now Foundation on FORA.tv > From his perspective as a pyschology researcher, Philip Tetlock watched political advisors on the left and the right make bizarre rationalizations about their wrong predictions at the time of the rise of Gorbachev in the 1980s and the eventual collapse...
Barron’s Top 100 Hedge Funds
click for larger version Source: Dalio’s World SANDRA WARD Barron’s, May 19, 2012 http://online.barrons.com/article/SB50001424053111904370004577390023566415282.html
More Evidence A Debt Ceiling Fight Is Coming Before The Election?
Click to enlarge: Comment The chart above is updated through May 14. It shows the debt ceiling limit (red line), the actual debt accumulated (blue line) and a linear regression of debt growth since the limit was last raised on January 31. The linear regression has a 99% correlation with accumulated debt. Given this strong...
Panasonic Lumix DMC-GF3CK: $314
Panasonic Lumix DMC-GF3CK Kit Black 12.1-megapixel Digital Camera with interchangeable 14mm Pancake Lens Longtime readers know I am a big fan of Panasonic’s Lumix line of cameras with their Leica lenses. The Lumix DMC-GF3CK is a serious DSLR for the enthusiast, and it addresses the biggest single complaint about the small point and shoot...
World Debt Crisis: Endgame Scenarios and What They Could Mean for Investor
Click to watch video:
Source: 65th CFA Institute Annual Conference
Euro
Dating back to its introduction in 1999, the net spec short position in the euro for the week ended Tuesday, according to the CFTC, rose to a record high.
10 Weekend Reads
My longer form weekend reading, nearly entirely FB free: • Dalio’s World: Ray Dalio, fabled hedge-fund manager, says U.S. has done a “beautiful” job delevering, but sees a 30% chance Europe will stumble badly (Barron’s) • How China’s Economy Must Change (The Diplomat) • A Fish Story: How an angler and two government bureaucrats may have saved...
Graphic: Comparing FB with other Tech IPOS
Fantastic graphics from NYT showing how outsized the Facebook IPO secondary was: > Google, circa 2004 > This is what I meant by piggish: Facebook, circa 2012
