May 20, 2013, 8:49 am
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Samsung will be displaying some of its latest and greatest notebook and tablet screens at the Society for Information Display's Display Week 2013. Among them, one stands out: a 13.3-inch notebook display with a 3,200x1,800 (WQXGA+) pixel...
Folks are wondering if the government is going to get billionaire hedge fund manager Steve Cohen. The New York Times' Ben Protess and Peter Lattman reported that Cohen received a subpoena last week to testify before a grand jury in an...
Fed chairman Ben Bernanke is living proof that delusional optimism is always possible if the person in question restricts their view to exclude any and all inconvenient considerations which contradict that view. Bernanke made the case for a Happy Future...
Remember that web browser that was found hiding in the Nook's search function? It's time could be nigh. According to a leaked memo acquired by TechCrunch, Barnes & Nobel will be updating the Nook Simple Touch and Simple Touch with...
This is a chart that people don't much look at these days. It's updated semi-regularly by Doug Short, and it compares the great US bear market (starting in 2000) with the great Nikkei bear and the Great Depression bear. For awhile all 3 were...
Ryan Avent watches Karl Smith remind Tyler Cowen that people respond to market prices, and piles on himself: The euro crisis: Der Elefant im Raum: TYLER COWEN writes on the euro-zone economy: Would the new helicopter drop money be kept in...
Reading this excerpt from an interview with UNCTAD economist Heiner Flassbeck posted at Naked Capitalism prompts these thoughts on how financialization has altered the way capitalism functions. Consider two ways an enterprise can be privately owned and...
Paul Krugman: The Mythical 70s: It’s actually even worse than Matt [O'Brien] says. For the 1970s such people remember as a cautionary tale bears little resemblance to the 1970s that actually happened. In elite mythology, the origins of the...
TAXES IN FRANCE 'TOP 100% OF INCOME'...(First column, 1st story, link) ...
A big economic story this year has been "Abenomics", Japan's effort to get out of its multi-decade deflationary slump using a combo of monetary policy, fiscal stimulus, and structural reforms. We already know it's produced...
Two types of inequality demand our attention. Liberals and conservatives have to open their...
PAPER: GOOGLE whistleblower reveals massive tax avoidance scheme...(Second column, 1st story, link) ...
Old-fashioned Austerity - Paul Krugman The 1 Percent Are Only Half the Problem - NYT Unconventional Monetary Policies - The Irish Economy For Stock-Picking Advice, Don’t Ask an Economist - Greg Mankiw The Week Ahead: Ready for Some Fedspeak? -...
Speech at the Bard College at Simon's Rock, Great Barrington,...
Google is prepping… something. An announced Google media streamer was recently found in the FCC’s testing database. Details are nearly nonexistent as most are held under a confidentiality agreement for the next 45 days. However, the...
CNBC Imagine having a drink with dinner at a restaurant only to be pulled over on the way home and slapped with a DUI. That could happen under a proposed plan to toughen the drunk driving laws across the country, and it has restaurateurs alarmed. The...
Satellite TV provider DirecTV reportedly is considering buying streaming video service Hulu, which would strip away some or all ownership from Comcast Corporation, News Corporation and Walt Disney Company. A similar scenario took place two years ago when...
An IRS watchdog said he informed Obama administration officials last June that a probe was under way over the agency's targeting of conservative...
Too Much Talk About Liquidity - Paul Krugman The Real Scandal and Systemic Abuse of Power - Robert Reich What's the Variance of a Sample Variance? - Dave Giles What Rational Really Means - Scientific American A Defense of the Financial Sector...
Research Affiliates says firms seeking to find patterns of mispricing must encourage the critical evaluation of nonconformist...
In a letter to investors, SAC Capital said that it would no longer cooperate with the government unconditionally regarding an ongoing investigation into its trading activity, says the NYT. In short — Steve Cohen's firm is done playing nice...
Miguel Blesa, the former executive chairman of Caja Madrid, is accused of leaving his bank saddled with huge losses because of the takeover of a bank based in...
Jamie Dimon is wagging his finger from newstands across America this week, above the kind of headline his PR team can only dream of: “DIMON IS FOREVER: Why Jamie Dimon is Wall Street’s Indispensable Man”. The story itself,...
TODAY'S recommended economics writing:• No benefit to financial stability from tighter policy (Real Time Economics)• A recovery for the rest of us (Modeled Behavior)• The persistent supply-side constraints in US housing...
Facebook’s First Year Post-IPO: the Most Important Thing It Did (CNBC.com) One year later, Facebook Inc (NASDAQ:FB) has figured out mobile, experts say. The social networking giant may have had a rough patch after its IPO, but Facebook has...
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Fed chairman Ben Bernanke is living proof that delusional optimism is always possible if the person in question restricts their view to exclude any and all inconvenient considerations which contradict that view. Bernanke made the case for a Happy Future...
Folks are wondering if the government is going to get billionaire hedge fund manager Steve Cohen. The New York Times' Ben Protess and Peter Lattman reported that Cohen received a subpoena last week to testify before a grand jury in an...
The euro zone economy is a mess. Here’s the clearest expression of that conclusion we have seen, from an excellent Gavyn Davies piece in the Financial Times Source: Financial Times It shows that in “core” non-stressed euro...
Stuff I'm Reading this Morning... Gold and silver in "liquidation mode" (BusinessInsider) Seth Masters: The Dow is still going to 20,000 and I'll accept your apologies now. (MoneyBeat) Ed Yardeni: No hard landing in China...
Today’s report from the Federal Reserve on industrial production in April was below expectations and generally disappointing, here’s how Bloomberg reported it: Industrial production declined in April by the most in eight months,...
Research Affiliates says firms seeking to find patterns of mispricing must encourage the critical evaluation of nonconformist...
Shares of Apple (AAPL) closed down $15.01, or 3.4%, at $428.85, pressured by news of some funds dumping the stock, as the Barron’s Focus on Funds blog reported. The stock this afternoon got an initiation of coverage from Suquehanna Financial...
Some charts from Pew’s latest survey of 8,000 people across eight EU countries, most of whom are increasingly *insert euphamism* with Europe: Continue reading: Of stereotypes and the slow end of the European...
The U.S. Air Force is expecting to save a serious amount of cash as a result of deploying 18,000 iPads. With the iPads brought in to replace heavy, paper-bound flight manuals, a spokesman for the Air Force's Air Mobility Command has said that the...
Today’s news from the financial markets was mixed regarding the U.S. economic outlook, with rising confidence levels from homebuilders inching closer to outright optimism. Moreover, prices at the wholesale level posted another sharp drop in...
We're posting up notes from the Ira Sohn Conference 2013 in New York. Next up is a summary of the presentation from Jonathon Jacobson of Highfields Capital. He presented "The Illusion of Yield." His pitched...
US stock markets closed at all-time highs yesterday and futures are currently pointing to a positive open. We're about to get a ton of data that could quickly change the momentum of this market. Here's a preview of upcoming events courtesy of...
If you really want to understand the shortcomings of the Oregon Medicaid study, you should be reading Austin Frakt and Aaron Carroll over at The Incidental Economist. Frakt has one final post today in which he goes ultrawonky and calculates just how...
You will find summaries here from Annie Lowrey and also Ezra Klein. I like Ross Douthat’s remarks: …almost nobody is willing to break out the champagne on these estimates. The Keynesians think our shrinking deficit is a sign of...
Samsung will be displaying some of its latest and greatest notebook and tablet screens at the Society for Information Display's Display Week 2013. Among them, one stands out: a 13.3-inch notebook display with a 3,200x1,800 (WQXGA+) pixel...
After waiting with bated breath to see if Wal-Mart (NYSE:WMT) would sign the Accord on Fire and Building Safety in Bangladesh, the U.S. retail giant announced Tuesday that it would instead be devising its own plan, as reported by The Wall...
During Google's I/O developer's conference keynote, it actually slipped in quite a bit of, yes, developer news amongst all the noisy consumer launches. One biggie was the announcement that any and all companies looking for computing...
Stuff I'm Reading this Morning... Gold plunging yet again on massive increase in stimulus, money printing around the world. Wait a minute... (BusinessInsider) Is the US dollar about to stage a major breakout? Is the market ready for this?...
I have a saying that when there is no news, the market reveals its true direction. That applies to individual securities as well as the market as a whole. Why? Think of institutional traders, who drive much of the market. They are so big...
More than half of the 49 economists who participated in the latest Wall Street Journal forecasting survey believe the Federal Reserve will begin to reduce its monthly bond purchases by the end of the...