Uncategorized | timiacono.com - Part 30

Wednesday Morning Links

MUST READS
U.S. Sends Destroyer After Iran Detains Ship – NY Times
Fed could give clues on first rate hike today – USA Today
Draghi Needs Yellen Support as Investors Hoard Debt – Bloomberg
The Economic Devastation Fueling The Anger In Baltimore – ThinkProgress
Homeownership rate drops to quarter-century low – MarketWatch
Absence of contagion changes the whole Greek game – Reuters
Greek Banks Count on More ECB Cash as Bailout Talks Drag On – Bloomberg
Negative interest rates put world on course for biggest mass default in history – Telegraph
Man’s first day of wearing Apple Watch to work not going as hoped – Daily Mash
Workers say Wal-Mart closing of 5 stores isn’t a coincidence – DMN
Walmart plans to open 115 stores in China – BBC
News now mostly read on cell phones – CNN/Money

MARKETS/INVESTING
Stock futures jittery ahead of Fed, GDP – MarketWatch
Byron Wien on Population Growth and Stocks – Barron’s
Rule No. 1 in China’s Bull-Market Rally: Don’t Look at Earnings – Bloomberg
UK ‘flash crash’ trader to appear in court after failing to make bail – Guardian
German Bunds Are Tanking After Big Investors Say to Get Out – Bloomberg
Goldman: $1 trillion lift in 2015 via US stock buybacks, dividends – Reuters
This is a better way to ‘sell in May and go away’ – MarketWatch
Gold snaps two-day rally before Fed rate statement – Reuters
GFMS update confirms China as world No. 1 gold consumer – Mineweb
Gold Prices Could Push Higher If Fed Signals Delay In Rate Hikes – Kitco

ECONOMY/WORLD/HOUSING/BANKING
Consumer Confidence Tumbles in April – Barron’s
Great Graphic: G7 Quarterly GDP – Marc to Market
China Is Set to Lose Manufacturing Crown – Bloomberg
Notion that Stock Market Can Boost Economy Is Misguided – Caixin
Bank of Canada Tries to Calm Fears over Housing Bubble – Bloomberg
Case-Shiller: Home prices continue steady march upward – LA Times
Riksbank Increases Bond Purchases as Key Rate Left Unchanged – Bloomberg
2% Inflation Rate Target Is Questioned as Fed Policy Panel Prepares to Meet -NY Times
The Taylor Rule: A benchmark for monetary policy? – Ben Bernanke’s Blog
Bankers Shouldn’t Be Running Central Banks – Bloomberg

 

Tuesday Morning Links

MUST READS
Baltimore riots: Looting, fires engulf city – CNN
Nonviolence as Compliance – The Atlantic
Orioles executive defends Baltimore protest – Quartz
Read David Simon’s powerful plea for peace in Baltimore – Vox
Uncertainty Over Impact of a Default by Greece – NY Times
Greek-Russia ties bloom as default looms – Reuters
Greek finance minister Varoufakis replaced as leader of debt talks – Guardian
China’s Slowdown Puts Asian Central Banks in a Bind as Fed Looms – Bloomberg
Nevada’s Lake Mead Is at Its Lowest Level Ever — and It’s Going to Get Worse – Vice News
Why Markets Are Manic—-The Fed Is Addicted To The ‘Easy Button’ – Contra Corner
How this debt-addicted world could go the way of the Mayans – MarketWatch
Meet IBR, The Student Loan Bubble’s Dirty Secret – Zero Hedge
The Real War on the Middle Class – Ron Paul Institute

MARKETS/INVESTING
Stock futures down ahead of Fed meeting – Reuters
Sell in May and Go Away? There’s a Smarter Play – Fiscal Times
Chinese shares slide after watchdog warns of market risk – MarketWatch
Treasury ETFs Inflows Outpacing All Other Bond Funds This Month – Bloomberg
Commodity prices: Over a hundred years of booms and busts – voxeu
Gold around $1,200/oz on softer dollar ahead of Fed meeting – Reuters
Gold Rises, Silver Surges on Short-Covering and Physical Demand – GoldCore
China is about to come clean about how much gold it really owns – MarketWatch
Silver, Shale, September – It’s Gonna Get Ugly – SRSrocco Report

ECONOMY/WORLD/HOUSING/BANKING
Economists: Drop the Signaling Fad – Bloomberg
Second-quarter GDP will tell the tale – MarketWatch
Inflation Expectations Have Little To Do With Inflation – Alhambra Partners
How Much Did the Recession Make 20-Somethings Delay Children? – WSJ
‘Damned Lies’ Threaten to Overshadow U.K. GDP in Election Fight – Bloomberg
World’s coolest economist hot on his numbers – New Zealand Herald
China’s Middle-Class Propels Apple’s iPhone Sales – WSJ
China Said to Consider PBOC Lending Tool to Help Local Debt – Bloomberg
Underwater Homes Still Plague Nevada Housing Market – Nevada Public Radio
Fed Seen Delaying Liftoff to September to Push Down Unemployment – Bloomberg

 

Monday Morning Links

MUST READS
Shanghai index jumps 3% on SOE reform – China Daily
Fitch downgrades Japan citing economic concerns – AP
NYSE Margin Debt Hits an All-Time High – short.com
The Nasdaq is looking heady, but this time its different – AFR
“Frustrated” Germany says ball is in Greece’s court – Reuters
Greek President Promises Repayment of all Debt – Spiegel
Greece faces criticism, as ‘plan B’ speculation mounts – euobserver
Greeks’ view of the debt crisis: ‘What lies ahead is great, great hardship’ – Guardian
The gluten-free movement is ruining our relationship with food – Washington Post
Desalination plants aren’t a good solution for California drought – LA Times
This Is How Fast America Changes Its Mind – Bloomberg
New Highs To Nowhere On Nothing – Mark St. Cyr
Pro-Bubble – Credit Bubble Bulletin

MARKETS/INVESTING
Stocks rise despite Japan downgrade, lack of Greece deal – AP
The Magic NASDAQ Record Number: 6,941 – Fox Business News
Fair Value on the S&P 500 Has Three Digits – Hussman Funds
Deflation? Oil’s 45 percent rebound could be markets’ next headache – Reuters
Just the Idea of Inflation Is Spooking Bond Traders Again – Bloomberg
Gold climbs back above $1,180/oz as European stocks wilt – Reuters
China, India Import Massive Quantities of Gold from Switzerland – GoldCore
How central banks mislead on gold reserve reporting – Mineweb
China Uses Gold To Pursue Global Power – Seeking Alpha

ECONOMY/WORLD/HOUSING/BANKING
The rich really do get richer – USA Today
Who actually makes the minimum wage today – Washington Post
Reminding Voters That American Wages Have Flatlined – Daily Beast
China employment growth weakens amid slowdown – xinhuanet
Spain: PM says economy on track to grow 2.9 pct this year – AP
Is another housing bubble just around the corner for London? – Telegraph
Views of Home Buying Climate Slightly Less Positive in U.S. – Gallup
Millennials shun the new home sales market – Dr. Housing Bubble
More central banks meet, but ability to pilot economies in doubt – Reuters
Fed Triggers Bank Flight From Emerging Markets – Bloomberg

 

New Rules for the Bronconeers

I’m not a big fan of Amy Schumer (don’t know why – things just seem to rub me the wrong way far too often or I’m just too old for her brand of humor), but this sketch about football and rape is pretty funny and, as is the case for most good satire, quite instructive.

These videos of Rodney Dangerfield and Robin Williams on the Tonight Show with Johnny Carson that showed up in the Up Next sidebar are more my style – I guess I am getting old…

 

Friday Morning Links

MUST READS
Equities at all-time high after Nasdaq record – Reuters
Investors’ exuberance at frighteningly high level – MarketWatch
Greece’s Scary Calendar of Debt Payments Due – Bloomberg
Greece, European creditors fail to reach deal on bailout – US News
EU Frustration Mounts as Greeks Try to Bypass Aid Process – Bloomberg
U.S. sues Quicken Loans, accuses it of mortgage lending violations – Fortune
Confirmed: Oklahoma Earthquakes Caused By Fracking – EcoWatch
Oklahoma Lawmakers Vote To Outlaw Fracking Bans – Think Progress
Clinton Campaign Not Answering Questions About Sketchy Donations – reason.com
Two-thirds of Americans don’t understand how credit cards work – My Budget 360
Where the Bad of Deflation Looks Good – true economics
Crash Boys – Lewis, Bloomberg

MARKETS/INVESTING
Stocks mostly up after Nasdaq record – AP
Google, Amazon poised to lead Nasdaq higher – MarketWatch
Oil prices trade near 2015 highs on Yemen worries – Reuters
Problem: Many investors are ‘rate hike newbies’ – CNN/Money
As China Stocks Outrun the 2007 Bubble, UBS Braces for Clampdown – Bloomberg
If China Sees Capital Outflows Now, What Happens in Crisis? – Bloomberg
Gold retreats as global equities hit all-time highs – Reuters
The Rehypothecation of Gold, and Why It Matters – of two minds
Silver – Four Years Later – GoldSilverWorlds

ECONOMY/WORLD/HOUSING/BANKING
The Disappointing U.S. Economy – Bloomberg
Strong dollar winning in Battle Against Cheap Gas – NY Times
Paul Volcker Isn’t Worried About Low Inflation. You Shouldn’t Be Either – Bloomberg
Are Leading Economists Corrupt, or Just Mind-Blowingly Ignorant? – Washington’s Blog
Putin’s Miracle Dissolves as Russian Middle Class Faces Crunch – Bloomberg
RT News: When words speak louder than guns – euobserver
Work Tensions Rise in China, Despite Calls for Harmony – WSJ
The Recovery in the Housing Market is Still Blotchy – Fox Business News
Julian Castro, HUD Secretary, Admits Affordable Housing Difficulties – Latin Post
Swiss Central Bank Says Negative Rates Won’t Become ‘New Normal’ – WSJ
San Francisco Fed Sticks to Rosy Forecast Despite Recent Weakness – WSJ

 
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