As regular readers know, I am often visited by ghosts when I work late at my office in the historic Helmsley Building. I recently had an encounter with none other than the ghost of Ayn Rand, the creator of the objectivist philosophical movement and author of Atlas Shrugged, an ideological novel that argued for absolute…
Joshua M Brown
BREAKING: The Secret Plot to Kill the Dollar
FYI: This is the story that everyone’s talking about today, gold and metals stocks are going berzerk in the pre-market as of this writing because of it: From The Independent: In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to…
Hot Links: Punk Animals
Stuff I’m Reading this Morning… Ace Fidelity International fund manager sees a multi-year bull market, led by emerging stocks. (Bloomberg) Lenny Dykstra sold a bunch of his World Series stuff, the ’86 ring went for 56 grand. (Dealbreaker) Twelve Juicy Buyout Candidates. (Clusterstock) A tragedy for family-owned businesses in this recession. (WSJ) The Fly takes…
What Do All These Multi-Billions Look Like?
I’m blown away by the latest infograph from David McCandless of Information is Beautiful. We hear about these multi-billion dollar programs seemingly every day, and the sums start to wash over our already-numb frontal lobes. Well, here’s a snapshot of what this spending actually looks like, writ-large… Click Image to Embiggen! The truth about the…
Hot Links: Meet Poe, the World's Tallest Horse
Stuff I’m Reading this Morning… Spanish Banks may be hiding their losses, what this means for world markets. (Bronte) The StockTwits guys teasing the boss. Funny. (HowardLindzon) Sick! Step 1 – add $8 billion in debt to Tribune, Step 2 – steer into bankruptcy, Step 3 – pay bonuses. (DealBook) Red miniskirts, white jackboots and…
China Then and Now from Fast Company
We’ve been discussing China a lot this week, so I figured I’d cap off the weekend with an infograph from Fast Company that paints a great picture detailing how much has changed over the last 60 years of the country’s existence (in its current form). The graph is in two pieces here, whatever. and then…
The Rings Around Saturn
The Different Kind of Car Company never had a shot given its hereditary defects. Godspeed Saturn. Source: Cagle.com
Hot Links: Deflation, Brazil & Too-Big-To-Fail Whales
More Hot Links for Weekend Reading… Pay Attention: Joseph Stiglitz and others see deflation and Bernanke keeping rates down to fight it. (Bloomberg) Mortgages for sports stadium season tickets…why not, at this point? (MarketFolly) “An Unmitigated Disaster” – Denninger on the real unemployment numbers. (MarketTicker) A look at Brazilian stocks after the Olympic bid victory…
Top 10 Job Openings for October
Having wiped this week’s excremental non-farm payroll data from our hair and car windshields, I would say it’s time we began to focus on which sectors and industries are actually hiring. In a highly unscientific study, I’ve come up with what I believe to be the Top 10 Job Openings for October 2009: 10. Virtually…
Stimulus Was Meaningless For Jobs
The good professor has brought back an old chart that Obama’s econ team used to justify the stimulus package earlier this year and annotated it (in red) to illustrate how far the reality deviated from the projections. From Greg Mankiw’s Blog: When the Obama stimulus plan was proposed, the president’s economic team put out a…
