Stuff I’m Reading this Morning… STOP! Don’t cash out your 401(k) before reading this from Karl Denninger. (Market-Ticker) Here’s a great list of the basic books that all value investors should read. (ValuePlays) Cali has company: New York State is running out of cash. (InvestingContrarian) Frankly, America, Wall Street Really Doesn’t Give a Damn. (NYP)…
Karl Denninger
Finance Blogger Feud Week
So apparently, this is Finance Blogger Feud Week! Get your programs! Last week’s Felix Salmon versus Zero Hedge dustup was merely a prelude for what was to come to this week. Two biggies to report so far:
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…
Hot Links: Buffett vs HFT, Denninger vs Kneale, Iran vs Everyone
Stuff I’m Reading this Morning… Warren Buffett and Vanguard’s Jack Bogle come out against High Frequency Trading. (ZeroHedge) Consumers deleveraging big time. Not sure why this didn’t get more attention when announced yesterday, big story. (FTAlphaville) Iran is getting close to a big nuclear breakthrough…maybe Obama should have lunch with them or something, maybe a…
Hot Links: Prechter, Keynes & MJ's Glove
Stuff I’m Reading this Morning… Elliot wave fanatic Bob Prechter looking for $10 a barrel crude oil over the next few years, completing the supercycle that started in the 90’s. (Clusterstock) Karl Denninger explains karma to Bank of America. (MarketTicker) Abercrombie can’t catch a break. (YahooFinance) Michael Jackson‘s glittery glove is going up for auction….
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…
Hot Links: Hedgies, Jeff Macke, Violence & Nathan's Hot Dogs
Hot Links for Weekend Reading… Does any blogger do a better job at keeping up with the latest moves and news from the hedge fund world than Market Folly? I doubt it. Check out MF’s roundup this week of the latest on Soros, Och Ziff, the Black Swan guy, Greenlight’s Einhorn and more. (Market Folly)…
Denninger Pops His Top Over GM Bonds
Do you own GM bonds? Karl Denninger‘s got something he’d like to get off his chest about what may be about to happen to your investment… From The Market Ticker: If you hold this debt you are about to be wiped out by our government, who has decreed by fiat, without even a vote in…
Who's Who of Financial Bloggers
Who’s Who in the World of Financial Bloggers? Well, if finance blogdom was a high school, here are the extra-curricular activities your favorite bloggers would be involved with… 1. A.P. Economics Barry Ritholtz (The Big Picture) Mish (Global Trend Analysis) Anonymous (Calculated Risk) Boone, Johnson & Kwak (Baseline Scenario) Yves Smith & Co. (Naked…
The Goldman Sachs Backlash is Picking Up Steam
Goldman Sachs (GS) has been able to stay above the fray more than most of its (former) competitors over the last 6 months. Its share price has stayed above single digit-ville and Buffett‘s investment in the company was seen by many as the Omaha Good Housekeeping Seal of Approval. Now that AIG has been incinerated…
