| Can Structural Reforms Help Europe? Posted: 02 Dec 2013 02:00 AM PST |
| That Guy Looks Familiar . . . Posted: 01 Dec 2013 01:00 PM PST |
| WaPo: Beware Bad Shopmas data! Posted: 01 Dec 2013 06:30 AM PST 
> My Sunday Washington Post Business Section column is out. This morning, we look at the retail theater that is Black Friday: Beware of bad Shopmas data! Here’s an excerpt from the column: “The news media aren't any better. They breathlessly cover shopping as if it were an Olympic event. The big-box retailers play right into the coverage. Each year, we are regaled with stock footage of the 6 a.m. crush, a near-riot battle for the heavily discounted electronics doodad of which only a few are for sale. It is ugly and crass. I see a scene from "The Hunger Games" rather than a modern industrialized nation gratefully celebrating the bounty provided us. Footage of people camped out at Best Buy or elsewhere is not remotely a celebration. Rather, it's a reminder of just how economically distressed a large percentage of our populace is. It's a Barbie, for crying out loud — do you really need to LEAVE YOUR FAMILY FOR THREE DAYS TO camp out for that?”
We will start to see some of the “data points” Monday, then get the actual information a few weeks later. Don’t bet on accuracy in the initial run of numbers. > Source:
Retail theater: Beware of bad Shopmas data!
Barry Ritholtz
Washington Post, December 1 2013
http://www.washingtonpost.com/business/retail-theater-beware-of-bad-shopmas-data/2013/11/29/6baf0d54-562f-11e3-8304-caf30787c0a9_story.html  |
| 10 Sunday Reads Posted: 01 Dec 2013 05:00 AM PST Good Sunday morning . . . Pour a hot cup of black, pull up a chair, and enjoy some brain stimulation: • Inside the mind of Marc Andreessen (Fortune)
• How to Lower Your 2013 Tax Bill (WSJ)
• Is your boss an Empty Suit ? (Farnam Street) see also Sorry, Folks, Rich People Actually Don’t ‘Create The Jobs’ (Business Insider)
• The US capital stock: old and busted, but why? (FT Alphaville)
• Four Keys to Great Customer Service (Bloomberg)
• Sentient code: An inside look at Stephen Wolfram’s utterly new, insanely ambitious computational paradigm (Venture Beat)
• The Most Overvalued And Undervalued Housing Markets In The Developed World (Business Insider) see also Rent Relative to House Prices in High Income Countries (Marc to Market)
• Do-Nothing Congress Dithers on Budget as Deadline Nears (Bloomberg)
• The Neuroscientist Who Discovered He Was a Psychopath (Smithsonian Magazine)
• Every Little Thing—John Heilpern on the Beatles’ early years (WSJ)
What’s for brunch ? CNBC Core Viewership Drops to Fresh Two Decade Low
Source: Zero Hedge  |
| Porsche 918 Spyder vs Bugatti Veyron? Posted: 01 Dec 2013 04:00 AM PST |
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