Thursday, June 28, 2012

Shanghai Stock Exchange Index Continues Decline, Now Down for 2012

›
Holy Crap this could get bad. From last Saturday: Is China's Shanghai Index Approaching the Waterfall Decline? You know how it goes....
Wednesday, June 27, 2012

Are Individual Investors Fleeing Stocks Like Rats Off A Sinking Ship?

›
No. From Jason Zweig at the Wall Street Journal: A new report from Vanguard Group casts some doubt on the meme that retail investors hav...

Mayor Bloomberg Hooks Home Air Conditioner On SUV

›
You have got to be kidding. From the New York Post: Mayor rigs wacky A/C to keep his SUV chilled Who’s full of hot air? Mayor Bloomber...

Bread and Circuses: Chicago City Council Votes to Decriminalize Marijuana, 43-2

›
From Reason's Hit & Run blog: The Chicago City Council voted 43-2 today to decriminalize marijuana, reports Law Enforcement Agains...

Now You Can Say You've Seen it: The Earliest Photograph of a Person

›
You have to squint to see the guy getting his shoes shined. Via Can Turtles Fly : Oldest Photo of a Person Boulevard du Temple by Dag...

Schaeffer's Research on Molycorp and Chesapeake Options (MCP; CHK)

›
Chesapeake is up 4% at $17.76, Molycorp is up 2.18% at $20.58. From Schaeffer's Investment Research (June 26): Speculative investors ...

Lawmakers Tweak Their Portfolios After Talking with Administration Officials

›
From Securities Law Prof: In case you missed it, this is well worth reading:  On Sunday the Washington Post reports on 34 members of Congr...

Climateer Line of the Day: Phil Falcone Edition

›
“Today’s charges read like the final exam in a graduate school course  in how to operate a hedge fund unlawfully” -Robert Khuzami D...

Which is Worse: Barclays Criminality or Their Sheer Incompetence? (BARC.L)

›
From Fintag: News comments: What can you say? Investment Bankers cheating again. It has been clear for years that Libor was a bit of...

Jeremy Grantham Sees 'ho-hum' returns for next 7 years

›
From Money Magazine: Jeremy Grantham has attracted a cultlike following to his quarterly investment letters. For good reason: The chief i...

Natural Gas Hits 5 1/2 Month High as Cooling Degree Days Jump 20-50% Above Last Year

›
The expiring July futures settled at $2.767 after trading as high as $2.946. The August got as high as $2.975. This is the third time in t...

"Here Are Facebook’s New Ratings" (FB)

›
From Deal Journal: The 40-day quiet period for analysts at Facebook’s underwriters ended yesterday. Today those analysts are out with rep...

Signposts--"Gold coin sales from national Mints fall in Q1"

›
From Reuters India: Demand for gold coins fell in key markets in the early part of this year as the strong demand for small investment ...

Machine Intelligence: Simulated 13-Year-Old Boy Wins Largest-Ever Turing Test

›
From NewScientist: Eugene Goostman, a chatbot with the personality of a 13-year-old boy, won the biggest Turing test ever staged, on 23 J...

Operation High Roller Attempts to Hack Banks for Billions, Nets at Least $80 Million so Far

›
First up, Network World: International fraud ring said to use automated techniques to steal $78 million from banks, commercial accounts, ...

How to think About Inflatioñerós and Deflationistas

›
From PostLibertarian: Where is that hyperinflation, anyway? I saw an article in a business magazine the other day about the inevitabili...
Tuesday, June 26, 2012

"America's Most Important Cities: 1978 vs. 2010"

›
From The Atlantic: In many ways, the contemporary history of America's economy is really a story about cities. Metro areas rise and f...

Stockton California Within Hours of Becoming Largest Ch. 9 Bankruptcy

›
For pre-1934 insolvencies creditors went straight to a writ of mandamus. From Reuters: California's Stockton seen at brink of bankrupt...

"Fun Fact: Mitt Romney Was Also A Hedge Fund Manager "

›
From Mark Gongloff at the Huffington Post: Could-be U.S. President Willard Mitt Romney has played many roles in his life: Governor. Husban...

As Debby Does Perry and Lamont: "Why tropical storm Debby is such a wet, sloppy slow poke"

›
Perry and Lamont are actually a bit east of the Wakulla County weather station with the highest reported rainfall, 12.99 inches in 12 hours...