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Monday, November 3, 2014

The Big Picture

The Big Picture


The Rising Complexity of the FOMC Statement

Posted: 03 Nov 2014 02:00 AM PST

CFR: A Conversation With Alan Greenspan

Posted: 02 Nov 2014 03:00 PM PST

Alan Greenspan discusses current trends in the global economy and his solutions for addressing the financial crisis.

The C. Peter McColough Series on International Economics is presented by the Corporate Program and the Maurice R. Greenberg Center for Geoeconomic Studies.

10 Truths Mutual Fund Firms Won’t Admit

Posted: 02 Nov 2014 09:00 AM PST

Wow:

10 things mutual fund companies won't say

1. "Cheap funds often outperform pricey ones."
2. "We can't beat the market."
3. "When skill fails, we just double (or quintuple) our odds."
4. "People aren't buying our product…"
5. "…except when we pay them kickbacks."
6. "Hedge funds are our idols."
7. "Our boards are rubber stamps."
8. "Blame us for runaway CEO pay."
9. "We played a starring role in the financial crisis."
10. "Our lobby crushed bipartisan efforts at reform."

Astonishing . . .

 

 

Source:
10 things mutual fund companies won't say
Pay, lobbies and fees cut value of mutual funds
By Ian Salisbury
Marketwatych, March 2, 2013
http://on.mktw.net/1vyYaCM

10 Sunday Reads

Posted: 02 Nov 2014 04:30 AM PST

Good Sunday morning! Put that extra hour you got thans train reads:

• Richest Are Bullish on U.S. as Family Offices Open Outposts (Businessweek)
• The Way to Make Solar Energy a Hot investment? Make It a Boring One. (Slate)
• More Thoughts on "Fad Investing" (Pragmatic Capitalism)
• Why the U.S. Has Fallen Behind in Internet Speed and Affordability (The Upshot)
• For Pot Inc., the Rush to Cash In Is Underway (NYT)
• Where Does the Creative Class Move? (CityLab)
• World’s richest man would take 220 years to spend his wealth (The Guardian)
• Christie tough-guy routine wears thin on Pundits, aka Christie's chief constituency (Salon)
• How the Swash Got Laughed Out of the Room — and Into Your Home (Bloomberg)
• How the U.S. Government Tested Biological Warfare on America (Priceonomics)

What’s for brunch ?

 

 

Bad Loans Rise at China's Biggest Banks
bad banks
Source: WSJ

 

Can-Am Spyder F3

Posted: 02 Nov 2014 03:00 AM PST

Interesting trike from Bombardier:


Source: Robb Report

From Robb Report:

The Can-Am Spyder's oddball three-wheeled configuration polarized die-hard motorcyclists when it was launched in 2007. It was the brainchild of Bombardier Recreational Products (BRP)—the Canadian conglomerate responsible for the Ski-Doo snowmobile and the Sea-Doo personal watercraft—making the curious trike an appropriately disruptive force within the traditionalist motorcycling community.


Source: Robb Report

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