- National Police Tactics Against Peaceful OWS Demonstrators
- Richard Rhodes’ 12 Trading Rules
- “If Only They Enforced Bank Regulations Like They Do [Zuccotti] Park Rules, We Wouldn’t Be In This Mess”
- Dissecting the big lie about the economic crisis
- Seeing Relativity: Mind-bending tour of the solar system
- Weekend Reads
- Charts for the “Facts of the Economic Crisis” Column
- 7 Signs Your Rockstar Employee Is Looking For A New Job
- Print or Perish
- Discuss: Goldman Is the New Master of the EU?
Posted: 20 Nov 2011 01:00 PM PST
By now, you've heard that peaceful UC Davis protesters were brutally sprayed right in the face with pepper spray:
Professor Nathan Brown of UC Davis notes in open letter to Chancellor Linda P.B. Katehi:
James Fallows writes in the Atlantic:
Posted: 20 Nov 2011 11:30 AM PST
Richard Rhodes passes along these “ridiculously simple” trading rules, given to him by “a great trader some 15 years ago.”
Follow these rules, breaking them infrequently, and you will make money year in and year out.
The rules are simple. Sticking to them is what’s difficult.
There is no “genius” in these rules. They are common sense and nothing else, but as Voltaire said, “Common sense is uncommon.” Trading is a common-sense business. When we trade contrary to common sense, we will lose. Perhaps not always, but enormously and eventually. Trade simply. Avoid complex methodologies concerning obscure technical systems and trade according to the major trends only.
Posted: 20 Nov 2011 10:00 AM PST
The following tweet captures the fact that the laws are only being enforced in favor of the 1% … and against the 99%:
As Salon notes:
No wonder one of the central demands of Occupy Wall Street is to enforce the laws for the 99%.
Posted: 20 Nov 2011 07:00 AM PST
My Sunday Business Washington Post column is out. This morning, we look at part II of the Big Lie (Part I examined the actual factors that led to the crisis) in this part, we look at the data and factors that disprove the elements of the Big Lie.
The print version had the full headline Dissecting the big lie about the economic crisis; the online version is Examining the big lie: How the facts of the economic crisis stack up).
Here’s an excerpt from the column:
No graphics this week — so I created a run of charts to illustrate the facts in the main article.
Posted: 20 Nov 2011 05:00 AM PST
Seeing Relativity: Mind-bending tour of the solar system
Via New Scientist
Posted: 20 Nov 2011 04:30 AM PST
Some longer form reading to kick off your Sunday AM. Pour a cup of joe, grab your favorite chair & iPad, and have at it:
What are you reading?
Posted: 20 Nov 2011 03:30 AM PST
I have lots of charts to back up the specifics of today’s WP column, but unfortunately, we could not jam them all into the paper.
This run is a supplement to that column.
click on any graphic for a larger chart
1) The housing boom and bust was global
2) Nonbank mortgage underwriting exploded from 2001 to 2007, along with the private label securitization market, which eclipsed Fannie and Freddie during the boom
3) Subprime Lenders were (Primarily) Private: Only one of the top 25 subprime lenders in 2006 was directly subject to the housing laws overseen by either Fannie Mae, Freddie Mac or the Community Reinvestment Act
4) Lenders made 12 million subprime mortgages with a value of nearly $2 trillion. Mortgage Companies and Thrifts NOT affiliated with CRA made 75% of Subprime Loans from 2004-07,
5) Fannie and Freddie risky loan purchases was dwarfed by Private Label Securitization
6) CRA were less likely to default than Subprime Mortgages
7) Suburbs and Exurbs were where the boom & bust occurred — not the CRA regions
Posted: 19 Nov 2011 06:00 PM PST
Posted: 19 Nov 2011 05:00 PM PST
Print or Perish
Print or Perish
Posted: 19 Nov 2011 04:30 PM PST
The Independent writes:
“While ordinary people fret about austerity and jobs, the eurozone’s corridors of power have been undergoing a remarkable transformation.”
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