They Seem Confident
At 7:35 am this morning I saw this headline over at Yahoo Finance and I knew I had to capture it for later in the day:
They seemed confident of a Wall Street up day! Why not? It is Monday after all.
I figured this would happen so I sent the link home; here is the address I copied:
http://finance.yahoo.com/news/European-stocks-gain-ahead-of-apf-1007474471.html?x=0
When I punch it in now this is what I get:
US housing data weigh on world markets
Interesting, yes? I love this kind of stuff.
Throttle Linkage
Way short on time so here is the obligatory linkfest. Use the comments to give me a writing idea, I need inspiration!
Illusion of Prosperity highlights a nice article titled:
America's AAA Rating Is Cut in Land of Bubbles: William Pesek
Well worth a look!
Econbrowser struggles with how the FED can fight deflation and seems to come up a bit short on new ideas:
Fighting deflation
Clusterstock opens a can of worms with this post:
An Economic Recovery With High Unemployment Isn't So Crazy If Laid-Off Workers Weren't Producing Anything To Start With
Look out! Instant flame-a-thon sure to ensue. Still, worth a few minutes of reflection as there is merit to this line of thinking.
Zero Hedge item with great title:
McKinsey Study Confirms Sellside Analysts Are Conflicted, Slow, Biased And Generally Stupid
Stuff the people here would already be aware of, but still:
In what will come as a surprise to precisely nobody, a new study by McKinsey has confirmed that sellside analysts were "typically overoptimistic, slow to revise their forecasts to reflect new economic conditions, and prone to making increasingly inaccurate forecasts when economic growth declined."Indeed.
Stoneleigh of The Automatic Earth has another wonderful essay up that relates to what can happen to trade given deflation and credit collapse:
The Rise and Fall of Trade
Over at the Keg boards a member used this quote from "Bladerunner" and it has been sticking with me all day long:
"I've seen things you people wouldn't believe. Attacked ships on fire off the shoulder of Orion. I watched c-beams ... glitter in the dark near Tanhauser Gate. All those ... moments will be lost ... in time, like tears ... in rain. Time ... to die."
Little did I know the Tanhauser Gate was used in other films as well. Learn something new every day.
Have a good night.
"Use the comments to give me a writing idea, I need inspiration!"
ReplyDeleteI'm hoping this will give me a little leeway (another word for possibly being off-topic) to ask a question that I've been wondering about since the time I started stopping here.
Exactly how do you write this blog day in and day out?
Are you constantly thinking about it while at work (don't answer if this might get you in trouble)?
How do you get your ideas?
How long does an average post take to write?
I guess I want to know the nuts and bolts of it.
Watchtower,
ReplyDeleteI fixed the double post. Good questions, care to see inside EconomicDisconnect's head?
"Exactly how do you write this blog day in and day out?"
-It is fun! I really enjoy writing this site and as always the readers make it even better. Most days I have both time and a topic, but time is the killer for me, never enough of it.
"Are you constantly thinking about it while at work (don't answer if this might get you in trouble)?"
-I have been doing my line of work longer than my boss and know more about it than he does so I kind of have a free pass! I do read most of the day on breaks and try to get a rough outline for what I will write about when I get home.
"How do you get your ideas?"
-Headlines grab my eye; macro debates (Inlfation vs Deflation); metal news; anything I find could be important all are in play. Most of the time I try and get an angle maybe not so heavily covered by everyone else, but that has been harder the more blogs that come online. Many times I have an entire post in my head but by the time I get home it has been covered 10X over by others and I feel I could not offer much else. That is the worst part about having to wait until the end of the day.
"How long does an average post take to write?"
-Maybe I should not answer this one! Tonights blog took 20 minutes to write and format. What is funny is when I have a longer essay type post, I can roll it off in 30 minutes. If I am stuck for ideas it can take an hour or more. I would say the usual is 45 minutes.
"I guess I want to know the nuts and bolts of it."
-There you go! That's how I do it.
My biggest regret is that I just do not have the time to really do my absolute best. Work, making dinner, cleaning up, various home related things, etc....sometimes it's almost 9pm when Im done and the wife gets grumpy during the week if I am tapping along too late. I get a free pass friday nights though!
Cool!
ReplyDeleteAnother one of life's mysteries solved.
"...and the wife gets grumpy..."
I hear you on that one.
Well,
ReplyDeleteI hope you are not dissapointed now that you know! I love off topic stuff so fire away! We have fun here.
Example:
This is not my pug dog, he has no skills, but this one can bark "BATMAN!!" and its funny as all get out:
http://www.geekologie.com/2010/07/the_pug_who_barked_batman_stop.php
or
http://tinyurl.com/2wea8am
I'm calling this here from wsj a horseshit article.
ReplyDeleteWSJ: How The Rich Are Winning
http://finance.yahoo.com/family-home/article/110113/how-the-rich-are-winning?mod=family-love_money&sec=topStories&pos=4&asset=&ccode=
Now I didn't do a ton of research on this, but it seems pretty obvious that the growth rates on luxury goods they mention are from extremely cratered levels from the year before.
Ahh, nothing like stoking the flames of class warfare. What Fun!
And I'm not some Rush L. listener who constantly takes up the rich's cause (what fools). This just seems glaringly obvious.
Then again, I think we've all learned over the last couple years that the journal is a pretty pathetic rag.