The Browser daily newsletter [23 Jan 2012]

Daily Newsletter       23 January 2012  Best of the Moment The Obama Memos Ryan Lizza | New Yorker | 23 January 2012 Reflections on Obama's first term, "based on a review of hundreds of pages of internal White House documents". Inside stuff confirms outside impressions. Obama underestimated recession, misread Republican mood, lost his edge Comments Staring Into The Abyss John Maudlin | Business Insider | 21 January 2012 Fine, if grim, analysis of Greek crisis, and possible ways forward for eurozone. "For country after country, this is the Endgame. It is the end of the Debt Supercycle. Debt has grown to the size that it cannot be sustained" Comments The Smart Way To Play God With Earth's Limited Land Mark Lynas | Scientific American | 20 January 2012 Clever, thought-provoking piece on sustainability. Suggests that "the most positive trend of all in allowing us to minimise our impact on the planet's surface is one more often bemoaned than celebrated: Urbanisation". Here's why Comments How US Lost Out On iPhone Work Charles Duhigg and Keith Bradsher | NYT | 21 January 2012 Why Chinese factories make everything Apple. "You need a thousand rubber gaskets? That's the factory next door. A million screws? That factory is a block away. You need that screw made a little bit different? Three hours" Comments Newt Heads For Florida John Cassidy | New Yorker | 22 January 2012 One thinks of Cassidy as a business writer, but he's flourishing on the Republican campaign trail. This piece on the second resurrection of Newt Gingrich will demand a place in any serious anthology of 2012 political journalism Comments The Mechanics Of Choice Anonymous | APS Observer | 12 January 2012 Background paper on the basics of behavioural psychology. Takes in Kahneman and Tversky's work on irrational choices; and Stanovich and West's model of two rival decision-making systems, one instinctive and one reflective Comments FiveBooks Interview Emrys Westacott on Philosophy and Everyday Living Philosophy is sometimes assumed to be a dry, academic subject but, in reality, is anything but. A philosophy professor tells us how his subject is at least as much about how we live, love and relate to each other  Featured Special Report Joe Paterno: 1926-2012 One of the greatest careers in US college athletics. But a life marred by a terrible misjudgement. How will Joe Paterno be remembered?  Reader Recommendations @polit2k Boom time in Beijing | Jeremy Paxman t.co/nIwR6DFv via @guardian #gfc2 #browsings  Book of the Day The Spirit Level by Richard Wilkinson and Kate Pickett   Will Hutton says: “What I liked especially about The Spirit Level is the way it builds a case that inequality is phenomenally dysfunctional”    Video of the Day Maths And Music TED talk. Scott Rickard sets out to construct the ugliest piece of music possible, on mathematical principles  Quote of the Day Alain de Botton, on religions "Religions are giant machines directed to managing our inner life. There is nothing like this in the secular world, and this seems a pity" | Homepage | Mobile Apps | RSS Feeds | Twitter | Facebook | Privacy Policy | Contact Us | Having trouble reading this email? View it in your browser. You are receiving this email because you signed up for the Best of the Moment newsletter on thebrowser.com. Click here to unsubscribe The Browser Ltd, 106 Great Portland Street, London, W1W 6PF

Does Anyone Else Think These Charts Look Similar?

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Monday, January 23, 2012 Does Anyone Else Think These Charts Look Similar? This year we've been talking about two things: The easing of the crisis in Europe and the persistently low yields on US Treasuries. In fact we've talked about both just today, as Goldman is out with a call urging clients to short US Treasuries on the basis that the low rates do not reflect the improving macro conditions. We also pointed out earlier how once again, the markets were improving in Europe in exactly the manner that you'd hope: Yields on peripheral bonds are falling, and European banks, the epicenter of the crisis, are enjoying another nice rally. Not surprisingly, you can draw a pretty straight line between both of these stories. On Bloomberg.com, we did a 1-year chart comparing 4 things: 10-year Treasury yields (dark orange), European banks (Green), the S&P 500 (light orange), and the STOXX Europe 600 (red). As you can see, European banks and Treasuries are are almost identical lines, while the S&P 500 and overall European stocks have left performed much better. And it makes sense. European banks are what you dump when you're feeling extremely nervous. US Treasuries are what you buy when you're feeling extremely nervous. Thus if you're wondering why yields are so low on US Treasuries, even in light of the overall macro data and stock market action, then wonder no more. As long as people are still nervous about the European banking system --- something that's obviously abating, given the rising green line -- then people will cling to Treasuries with their dear life. KEY: DARK ORANGE = 10-year Treasury rates. GREEN = European Bank Stocks Index. LIGHT ORANGE = S&P 500. RED = STOXX Europe 600.  Read » Also On Money Game Today: Rail Giant CSX Beats On Revenue, Misses On Profits STOCKS END FLAT AND NATGAS RALLIES: Here's What You Need To Know The 20 Most Valuable Energy Companies In The World Natural Gas Prices Spike After Hitting A 10-Year Low Advertisement CHART OF THE DAY: Here's One Metric That Banks Are Delighted To See Shrink CHART OF THE DAY: Send This To Anyone Who Talks About Uncertainty CHART OF THE DAY: Why The Collapse Of State And Local Employment Is Almost Certainly Over Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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