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Yashi

Thursday, November 3, 2011

The Big Picture

The Big Picture

Link to The Big Picture

10 Thursday PM Reads

Posted: 03 Nov 2011 01:30 PM PDT

Here is my afternoon train reading:

• Wall Street Is Shrinking (Daily Beast)
• Emperor Corzine's Goldman clothes (FT.com)
• The market is not rigged against your investment success – your brain is (Interloper)
• Growing Economies, Stagnant Wages (Economix)
• Italy’s ‘shock therapy’ as eurozone manufacturing buckles (Telegraph)
• City Attorney files charges against Goldline International (Santa Monica Daily Press)
• Interest Rates vs. Violent Crimes (World Beta)
• A Microsoft two-fer:
…..-Why Microsoft’s Vision Of The Future Is Dead On Arrival (Fast Co Design)
…..-The inside story of how Microsoft killed its Courier tablet (C/Net)
• Amazon Lights the Fire With Free Books (Circuits)
• Deep Intellect (Orion Magazine)

Happy third blogiversary to Josh!

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Engineering for Real-Time at Twitter

Posted: 03 Nov 2011 01:00 PM PDT

How Much Money Will Consumers Spend This Holiday Season?

Posted: 03 Nov 2011 11:30 AM PDT

Click to enlarge graphic:

Source:
How Much Money Will Consumers Spend This Holiday Season?
Mashable, November 1, 2011


Can Litigation Bring Down Wall Street?

Posted: 03 Nov 2011 09:00 AM PDT

Click to watch video:

Source:
Can litigation bring down Wall Street?
FT. com


Corporate Tax Avoidance?

Posted: 03 Nov 2011 07:29 AM PDT

Last week, I tossed up an infographic about corporate tax rates. There was fierce pushback, challenging the numbers.

So I set about to find out some more info on the subject. The results of that are seen in the reads this morning, but more significantly, the report from the Greenlining Institute, titled Corporate America Untaxed: Tax Avoidance on the Rise.

Its posted in the Think Tank, and makes for interesting reading.


Tax Avoidance on The Rise

Posted: 03 Nov 2011 07:15 AM PDT


My Big Fat Greek Thursday AM Reads

Posted: 03 Nov 2011 07:00 AM PDT

My big fat Greek morning reads:

• The Fed:
…..-FOMC Keeps Its Finger on Trigger (WSJ)
…..-Bernanke Gives Impetus to New Stimulus (Bloomberg)
• The Chinese Shadow Banking System: Swimming Naked in China (The Diplomat)
• Biggest Public Firms Paid Little U.S. Tax, Study Says (NYT) see also Many companies pay no income taxes, study finds (CNN Money)
• Shale Gas Reserves Could Reignite U.S. Economy (Bloomberg)
• Greece:
…..-Greece: The Debtor that Roared (Naked Capitalism)
…..-Is Greece bluffing? (Fortune)
…..-1998: Joining Euro A Dim Hope For Greece  (Crossing Wall Street)
…..-Euro's Leaders Question Greek Membership (Bloomberg)
• Many Alarms Rang Before MF Global Crashed (DealBook)
• BofA 'Should Be Worried' as Customers Mull Defecting, Poll Shows (Bloomberg) see also Court Hits Wells Fargo Over Mortgages (WSJ)
• 8 Things I'd Rather See Apple Do With Their Cash (I Heart Wall Street)
• Could Japan’s economic malaise strike here in U.S.? (USA Today) see also U.S. Firms Pose Hurdle for Yuan (WSJ)
• Your Brain on Politics: The Cognitive Neuroscience of Liberals and Conservatives (Discover Magazine)

What are you reading?
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Source: Meat Prices Continue Their Bull Run (WSJ)


Draghi says lets get this party started now

Posted: 03 Nov 2011 05:04 AM PDT

With a new sheriff in town, the ECB is surprisingly cutting interest rates to 1.25% from 1.5%. While their sole mandate is inflation and the euro zone CPI is running 3%, Draghi is obviously betting on a fall in that inflation rate on the Phillips curve belief that lower growth will eventually lead to lower inflation. The 1970′s turned that theory on its head but some still have faith, including the Federal Reserve. In terms of impact, the move is more symbolic than anything as moving rates from 1.5% to 1.25% isn’t going to move the needle for a region that is suffering from structural economic stagnation and too much debt. Psychologically though, markets love it just as it loves every easing move by the Fed. Cheap money! Party on!


The Mike Tyson Quotes Song

Posted: 03 Nov 2011 05:00 AM PDT

A song I put together using Mike Tyson Quotes.

Download song here

http://justdavemusic.bandcamp.com/track/mike-tyson-quotes-the-song

Follow me on twitter

http://twitter.com/#!/JustDaveBklyn

hat tip world’s best ever


FOMC Statement – Changes Versus Last Month

Posted: 03 Nov 2011 03:15 AM PDT

As was expected, there was no change in the formal interest rate policy. However, watching the press conference was interesting in that Mr. Bernanke hinted several times at additional monetary stimulus that was ready to be provided – if necessary.

The FED downgraded their economic outlook. The most recent FOMC statement release changed from last month's, when there were modest signs of growth. Blame for this was placed on the natural disaster in Japan, and the debt problems in Europe.

Mr. Bernanke also was forward in his thoughts that monetary policy alone cannot solve the unemployment issue. He has previously suggested that its “up to Congress” to apply Fiscal stimulus to the Fed’s Monetary stimulus. Bernanke seems disappointed that the massive stimulus which the FED has already provided has done little to help bring down the unemployment rate.

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click for large clean version

Hat tip Horowitz & Company

Embedded version after jump

Side by Side 11022011

sidebyside11022011


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