The Million Dollar Cheeseburger

In a highly unscientific survey/ calculation, the gang at New York Mag’s Grub Street came up with what they believe are the highest grossing dishes in New York City’s restaurants.  I was happy to see a plate I’ve consumed (way too) often make number 1 on the list, with an estimated annual gross of over…

Breakfast Links: CIT, Jimmy Carter & The Grapes of Wrath

Stuff I’m Reading this Morning… The exact date that the Chinese stock market will collapse.  (MoneyScience) Stick a fork in CIT Group, 1908-2009.  (Bloomberg) They caught the runaway Credit Sueeeeesse broker, and no, he wasn’t at Le Cirque.  (NYT) Virginia is for Usury.  (LOLFed) JPMorgan smokes their numbers, 28 cents vs 4 cents expected…get ’em…

Stubborn Little Winners

Today we’re going to salute some little guys who wouldn’t give up.  Small (er) cap stocks that refused to quit and have made their true-believer shareholders money this year, in one of the worst environments imaginable. What these names have in common is that they all are consumer-oriented companies, 4 of them are engaged in the…

Breakfast Links: SAC, Teenagers & Buy and Hold

Stuff I’m Reading this Morning… Larry Kudlow hosted a debate between Prof Jeremy Siegel and Barry Ritholtz about Buy and Hold.  (TBP) Securitizing Teens?  Someone with too much free time discusses paying teachers based on the earnings of their former students.  (Freakonomics) Calpers no likey the ratings agencies!  (NYT) Peter Barnes of Fox Business and…

Johnny Upside: I'll Buy Your Gold, Dog!

Johnny Upside is back…and he’s paying Cash for Gold! For those of you who haven’t met Johnny Upside yet, the last time we checked in with him, he was launching a distressed assets fund.  Prior to that, he was starting up a fund of fund of funds.  Johnny Upside has a knack for showing up…

Breakfast Links: Cody Willard, CIT, Sun Valley & Jay-Z

[vodpod id=Groupvideo.2945931&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] OMG, everything is wrong with this video, Batman, Robin & assorted villains sing “At The Hop” in Spanish for some reason, and then at around the 1:18 mark, a mini Spider-Man appears for no reason whatsoever (Spidey is a Marvel character, Batman is DC).  This thing is nine types of bizarre. OK, on…

Denninger's Trojan Horse

The silly war between the financial blogger community and CNBC’s Dennis Kneale was just decided tonight, with very little bombast I might add.  Kneale, the former magazine* editor-turned-pundit lost, and he probably doesn’t know it yet. (* Kids reading this in college, I’ll explain what a magazine is/ was later) Karl Denninger, who is good…

The Tragedy of Robot Unemployment

From the New York Times: Japan’s legions of robots, the world’s largest fleet of mechanized workers, are being idled as the country suffers its deepest recession in more than a generation as consumers worldwide cut spending on cars and gadgets.  At a large Yaskawa Electric factory, where robots once churned out more robots, a lone…

Breakfast Links: Reason #267 that Soccer Rules

[vodpod id=Groupvideo.2939270&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] Stuff I’m Reading this Morning… The wonks think that Ben Bernanke‘s job will be safe when his term expires in January.  (MarketWatch) Simon Johnson wonders who OUR Upton Sinclair will be…where’s a good muckraker when you need one?  (Baseline Scenario) Business people and investors bug out as China locks up four Rio Tinto…

More Hot Links: Algo Trading, Rentals and the SheBair

More Hot Links for Weekend Reading… JPMorgan‘s head of algorithmic trading calls high frequency program trading a form of parasitic market making…omg.  (ZeroHedge) Everything you ever wanted to know about Sheila Bair but forgot you cared enough to ask.  (The New Yorker) David Merkel on his current asset allocation strategy and some thoughts on where…