Teenage unemployment at 25.5% has worse consequences than just the lack of a minimum wage paycheck for the kids. When I was a teenager, I worked at a local hardware store a few nights a week after high school. I was a stock boy and then a cashier. My co-workers were miserable people, stuck in…
New York Times
Hot Links: Facebook's Ticker, HP's Earnings & Coke's Milk
Stuff I’m Reading this Morning… Way overdue: Howard Lindzon decides to assign stock ticker symbols to Twitter and Facebook. (HowardLindzon) Hey anarchists, the US government is starting to turn a profit on the chaos loans. (NYT) Mutual Funds blowing out shares of consumer spending plays, retailers etc. (Bloomberg) Pretty provocative stuff for Newsweek: Is The…
More Hot Links: Booms, Busts & Viking Treasure
More Hot Links for Weekend Reading… Trader Mark takes us back to what he was saying/ doing the week the market bottomed. (FundMyMutualFund) Unemployed in their 40’s and 50’s. (NYT) Big mistake: commercial fisherman who literally s%$& where they eat. (True/Slant) Killer chart: Rise and fall of the US Dollar, 1800 to 2009. (ZeroHedge) Robert…
Roundtrip: Housing's Back to Square One
Was it fun for you? It’s been an amazing 8 year period for housing. Floyd Norris shows us how eerily similar the rise and fall of home prices and inflation have been: From the New York Times: During the period, the Standard & Poor’s Case-Shiller 20-city composite index of home prices rose almost 21 percent….
Hot Links: Jim Chanos, Steven Seagal & the Zombie ETFs
Stuff I’m Reading this Morning… Abnormal Returns covers the concept of Zombie ETFs…a new development for this industry. (AbnormalReturns) Ain’t no party like a RothCap party ’cause a RothCap party don’t stop. (NYP) Not all bailout CEOs are created equal: Benmosche (AIG) vs Pandit (Citi). (BreakoutPerformance) The league tables for inflation rates throughout history…cool. (InfectiousGreed)…
Hot Links: Gartman, DeLong, Merkel & The Big Dogs
Stuff I’m Reading this Morning… On tap today: New home sales, consumer confidence, the Richmond Fed. The Fly is liking the refiners here. (iBankCoin) Commodities guru Dennis Gartman starting a new hedge fund. (MarketFolly) This is a non-story to me, but the Goldman trading huddles are now in the spotlight. (Clusterstock) Bernanke to get the…
More Hot Links: Tightwad, Missouri
More Hot Links for Weekend Reading… Plan B: Starting your own business if job offers don’t come your way. Very informative article. (NYT) John Hancock launches a mutual fund based on technical analysis. (Bloomberg) What the hell is going on with Porsche? CEO’s house raided? That VW thing not over yet. (ZeroHedge) The ridiculousness of…
Hot Links: Ugly Dolls, Trillionaires & The Plant That Eats Rats
Stuff I’m Reading this Morning… The LOLFed kids require that you pay them only in stacks of Zimbabwe Dollars. (LOLFed) Felix Salmon on who’s winning between the New York Times and the Wall Street Journal…in his vestibule. (Reuters) One of the coolest small business stories I’ve heard in awhile: How Ugly Doll became a company. …
Green Shoots in San Francisco
Believe me, I have no empirical evidence to share about a turnaround in the economy as it probably doesn’t exist just yet. But I do have a hopeful and interesting story to share about a tech startup taking over the abandoned space of a shuttered hedge fund and making cool, cutting edge stuff. This is…
Squashing the Goldman Beef
You can always tell when you’re talking to someone who at one point in their career worked at Goldman Sachs. How? Simple. Within the first 5 minutes or so, they will begin a sentence with the phrase “When I was at Goldman,”. This is the real world equivalent of Anchorman‘s Ron Burgundy telling a girl…
