New York Times

rcwhalen's picture

The IRA | Facebook "Jumps the Shark" Interview with Michael Whalen





Had to cross post this discussion with my brother Michael Whalen from The Institutional Risk Analyst. The past articles in The IRA require a $99/yr subscription, but the most recent is free. 

Also note link to comment by Barry Ritholtz on The Big Picture re: the Facebook IPO.  Actually Goldman Sachs led the covert IPO and hype festival last year, but the folks at the SEC and FINRA were sound asleep.  

Chris

 
Tyler Durden's picture

Guest Post: “Nobody understands Debt (But Me)”





Luckily they are easy to spot: the demagogues, the manipulators and the hired claqueurs. Unfortunately, there is no lack of media willing to provide a platform to perform their insidious game. “We need more, not less, government spending to get us out of our unemployment trap. And the wrong-headed, ill-informed obsession with debt is standing in its way.”How can a Nobel-prize carrying economist, who is presumably smart, write such nonsense? “He knows better”, says Jim Rickards (author of “Currency Wars”). And that makes Krugman so dangerous. Decision makers will reference his “debt does not matter” mantra over and over again – until it’s over. Thank you, Mayfly. You really understand debt – and how to make others believe it doesn’t matter.

 
Tyler Durden's picture

Guest Post: The State of US Surveillance





One of the most ominous developments for us personally crawled out from under its rock in November. Again without any public debate, DHS unleashed its National Operations Center's Media Monitoring Initiative. Yep, it's exactly what it sounds like: The NOC's Office of Operations Coordination and Planning is going to collect information from news anchors, journalists, reporters, or anyone who may use "traditional and/or social media in real time to keep their audience situationally aware and informed." Thus Washington, D.C. unilaterally grants itself the right to monitor what you say. Doesn't matter if you're the New York Times, Brian Williams, a basement blogger, an online whistleblower, or known government critics like ourselves. They're gonna take note of your utterances and file them away for future use. Journalists are not the only targets, by the way. Also included among those subject to this surveillance are government officials (domestic or not) who make public statements; private-sector employees who do the same; and "persons known to have been involved in major crimes of Homeland Security interest," however large that umbrella might be....The larger speculation is: what's the endgame here?

 
Tyler Durden's picture

Amazon Slides After Missing Revenues Expectations, Guides Much Lower





Amazon slides 10% after hours as it reports much weaker revenues of $17.43 billion on expectations of $18.26 billion. EPS are not really comparable but seems to beat EPS of $0.16 on Exp. of $0.38. This may not be apples to apples. More importantly, the company guides Q1 to Operating Loss of $200MM to Income of income of $100MM, on Wall Street Consensus of $268MM, and guides to Q1 revenue of just $120-$13.4 billion on Estimates of $13.4 billion: pretty wide range there... This is merely the latst time that the company has disappointed materially, yet Wall Street keeps giving it the benefit of the doubt, on hopes that the Kindle will finally become an iPad-like device. How much longer? Yet the take home message is that the US consumer, contrary to rumors otherwise, is actually not doing all that well.

 
Tyler Durden's picture

Guest Post: The Price of Growth





Growth. It's what every economist and politician wants. If we get 'back to growth', servicing debts both private and sovereign become much easier. And life will return to normal (for a few more years). There is growing evidence that a major US policy shift is underway to boost growth. Growth that will create millions of new jobs and raise real GDP. While that's welcome news to just about everyone, the story is much less appealing when one understands the cost at which such growth comes. Are we better off if a near-term recovery comes at the expense of our future security? The prudent among us would disagree.

 
rcwhalen's picture

Guaranteed Returns: John Paulson and the 92nd Street Y





Indeed,under US securities law and FINRA rules, it is unlawful and a violation of professional ethics for a registered person or investment advisor to guarantee investment results for any client.

 
Tyler Durden's picture

Frontrunning: January 30





  • Euro-Region Debt Sales Top $29B This Week (Bloomberg)
  • Greek Fury at Plan for EU Budget Control (FT)
  • Greek "football players too poor to play", leagues running out of money, may file for bankruptcy (Spiegel)
  • After insider trading scandal, Einhorn wins the battle: St. Joe Pares Back Its Florida Vision (WSJ)
  • China Signals Limited Loosening as PBOC Bucks Forecast (Bloomberg)
  • China's Wen: Govt Debt Risk "Controllable", Sets Reforms (Reuters)
  • IMF Reviews China Currency's Value (WSJ)
  • Watching, watching, watching: Japan PM Noda: To Respond To FX Moves "Appropriately" (WSJ)
  • Cameron to Nod Through EU Treaty (FT)
  • Gingrich Backer Sheldon Adelson Faces Questions About Chinese Business Affairs (Observer)
 
RickAckerman's picture

A Really Bad Plan for Reviving the Housing Market





For breathtakingly stupid political ideas and catastrophic “solutions” to America’s biggest problems, it’s hard to beat the New York Times op-ed page.  There, joined by such jihadists of the Left as Frank Rich and Maureen Dowd, resides the peerlessly wrong-headed economist Paul Krugman, whose Nobel Prize was as well-deserved as the one Yasser Arafat received for helping to bring Peace to the world. Until yesterday, we might have thought Krugman had cornered the market for the absolute worst ideas on how to revive the economy.

 
Tyler Durden's picture

CIA Agent Charged With Leaking Classified Information To Journalists Including Photos From Guantanamo





The US Justice government reminds us that it still does exist. One wonders with the passage of the NDAA just what comparable lawsuits will look like when applied to regular US citizens charged with such crimes as talking to journalists and leaking photos from Guantanamo. Now we can all wait with bated breath as the DOJ i) finds where the MF Global money went, and ii) who is actually accountable. Or maybe not. From the DOJ: " A former CIA officer, John Kiriakou, was charged today with repeatedly disclosing classified information to journalists, including the name of a covert CIA officer and information revealing the role of another CIA employee in classified activities, Justice Department officials announced."

 
Tyler Durden's picture

Peter Boettke Explains Austrian Economics





In this very informative interview between The Browser and Peter Boettke, the professor of economics discusses the contributions made by the Austrian School, and explains the various nuances of the economic school by way of recent books by "Austrians." He also explains what we can learn from Mises and Hayek, and argues that economics is the sexiest subject.

 
Tyler Durden's picture

Frontrunning: January 12





  • Hedge Funds Try to Profit From Greece as Banks Face Losses (Bloomberg)
  • Spain Doubles Target in Debt Auction, Yields Down (Reuters)
  • Italy 1-Year Debt Costs More Than Halve at Auction (Reuters)
  • Obama to Propose Tax Breaks to Get Jobs (WSJ)
  • GOP Seeks to Pass Keystone Pipeline Without Obama (Reuters)
  • Debt Downgrades to Rise ‘Substantially’ in 2012, Moody’s Says (Bloomberg)
  • Petroplus wins last-minute reprieve (FT)
  • Geithner gets China snub on Iranian oil as Japan plans cut (Bloomberg)
  • Fed officials split over easing as they prepare interest rate forecasts (Bloomberg)
  • Draft eurozone treaty pleases UK (FT)
  • Premier Wen looks at the big picture (China Daily)
  • US Foreclosure Filings Hit 4-Year Low in 2011 (Reuters)
 
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