[via Mark J. Perry]
Archive | 16:06
In An Age Of Macro Forces – Is The Art Of Stock Picking Dead?
26 Sep
The poll result from The Wall Street Journal so far:
“More and more investors aren’t bothering to pore through corporate reports searching for gems and duds, but are trading big buckets of stocks, bonds and commodities based mainly on macro concerns. As a result, all kinds of stocks—good as well as bad—are moving more in lock step.”
Vote and share your opinion here.
Emerging Markets Investor Conference
26 Sep
Barclays via Wikipedia
Saturday, October 9, 2010
Capital Hilton
1001 16th Street NW
Washington, DC.
Agenda, registration and more information here.
Hollywood Hates Capitalism – Wall Street: Money Never Sleeps Edition
26 Sep
“Oliver Stone’s uber-villain Gordon Gekko is back in the new film Wall Street: Money Never Sleeps, which (surprise!) features greedy capitalists behaving badly. It might remind you of Avatar, Mission Impossible 2 or roughly a zillion other films in which capitalists destroy the environment, concoct killer viruses, harvest organs, and cover up murder in order to feed their lust of profit. Even when capitalism isn’t the primary target, the representatives of commerce are often flat-out repulsive (think Jabba the Hutt).
Perhaps it’s ironic that Hollywood filmmakers practice what they preach against. Sure he palls around with socialist dictators Fidel Castro and Hugo Chavez, but there’s no doubt Oliver Stone hopes to rake in obscene profits with his new flick.”
[via Reason.com]
Wrapping The Best September In More Than 50 Years?
26 Sep
Rally? by sjarvinen via Flickr
One of the grimmest months of the year is turning out to perform better than expected – is this september different from the last 50?
“Unless double-dip doubters drag U.S. stocks down in final week, the month is shaping up to be the best September since 1939.”
Full story from MarketWatch here.
Méthode Extraordinaire
26 Sep
Image by rpeschetz via Flickr
How about trying a food and wine combination you might not come across everyday? - Sparkling Russian red wine and Parmesan.
The sweet Abrau Durso wine is produced from 100% Cabernet Sauvignon, has 45g residual sugar per litre, and is dominated by the smell of cherry stones. The winery is one of the oldest in the country; established in 1870. It is the only producer in Russia that uses Méthode Traditionelle - the same technique as in Champagne.
In Russia, they match it with meat and spicy curries.
Something that certainly will spice up the next dinner party – Bon Appétit! Courtesy of The Wall Street Journal Wine Blog.
Economic Relations: Sentences To Ponder
26 Sep
Image by Travel Aficionado via Flickr
Justin Wolfers sat down with the Richmond Fed’s Aaron Steelman talking about his recent research projects and perspectives on economics generally. Excerpt:
“What is interesting to think about are the terms of trade between economics and all these other disciplines. We are clearly a net exporter to political science and sociology. But at this point the trade with psychology is almost all one way. We are a near-complete importer. I wonder why we haven’t been bigger exporters to psychology. I think it has to do with the research method. Like political scientists and sociologists, economists are almost all about the analysis of observational data. And then there are second-order differences. Formal political scientists write down a model before they observe data; informal ones don’t. Ethnographers observe four people; survey researchers observe 4,000. But it’s all observational. But when I watch and speak with my friends in psychology, very little of their work is about analyzing observational data. It’s about experiments, real experiments, with very interesting interventions. So they have a different method of trying to isolate causation. I am certain that we have an enormous amount to learn from them. But I am curious why we have not been able to convince them of the importance of careful analysis of observational data.”
There’s plenty more on subjects ranging from prediction markets to happiness, discrimination, inflation expectations and political economy. If you’re interested in learning more, click here for the full interview – or catch the shortened blog post from Freakonomics here.
WSJ Markets
- Fed's Varied Voices Leave Market GuessingBernanke said the Fed could start reducing bond buying "in the next few meetings" but warned against premature action, amid conflicting messages that roiled markets.
- Gap Is Starting to Look OverdressedAhead of the Tape: Profits never go out of fashion. Sadly, the same can't be said for the wares on display at Gap and its competitors.
- Ghana Looks to Join Bond BandwagonGhana hopes to become the latest African country to ride the wave of cheap borrowing with the sale of a new bond aimed at international markets for only the second time in its history.
- Copper Rises on Supply ConcernsCopper prices settled near six-week highs but pulled back from earlier peaks, as worries about the future of the Fed's monetary stimulus tempered suggestions of tighter supplies.
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