Stuff I’m Reading this Morning… OMG, some my fave links of the month so far today! Blankfein to Goldman employees: “Please refrain from wearing your crowns outside of the office”. (New Yorker) The recession is now screwing with the British pub business, time for us to get serious. (USA Today) Just try pinning down Nouriel…
New York Times
Breakfast Links: Meatbags & the Cheese Purse
Stuff I’m Reading this Morning… Are you ready for the torrent of earnings as 143 of the S&P 500 companies report this week? Here’s a preview: (TheStreet.com) Dissecting Joseph Stiglitz, this era’s “rockstar” economist. (Economist’s View) Pimco and a group of bondholders bail out CIT. Yay, I think… (Reuters) The battle for White House influence…
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…
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…
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…
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…
We Are All Michael Jackson?
Whoa Nelly! Bob Herbert just wrote quite a stretch of an op-ed during the course of which he connects enough dots to make the point that we as a nation are essentially the irresponsible, immature Michael Jackson writ large. This one’s a massive stretch and, as it appears in the New York Times, unsurprisingly uses…
Hedge Funds and the Gloved One
That Michael Jackson‘s finances were a mess was always very well known. What many don’t know is that some of our favorite financial runaway trains were active participants in Jackson’s monetary fantasy world. The Fortress Investment Group (FIG), which went public in one of the most spectacularly horrible IPOs of all time, was at one…
Ben Stein on Father's Day in the Times
[vodpod id=Groupvideo.2777472&w=425&h=350&fv=%26rel%3D0%26border%3D0%26] Happy Father’s Day to all my readers and their dads. My gift today was a babysitter so I can go see The Hangover in the theater with Mrs. TRB. Just caught this article in the New York Times business section this morning, it’s Ben Stein musing on what his father would have thought…
