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Saturday, January 24, 2015

The Big Picture

The Big Picture


Smooth Jazz: Black Sabbath’s Paranoid

Posted: 23 Jan 2015 03:30 PM PST

I can’t explain why, but I find this hilarious:

 

 

Via The Poke

Succinct Summation of Week’s Events 1/23/15

Posted: 23 Jan 2015 01:30 PM PST

Succinct Summations week ending January 23rd

Positives:

1. ECB to start a QE of their own; 60 billion a month until September 2016 and markets around the world explode higher
2. Housing starts rose 4.4% in December to an annualized pace of 1.09mm coming in much stronger than the 1.2% and 1.02mm expected.
3. The German Dax hit all-time highs.
4.  The Dow and S&P 500 have their first positive week of 2015

Negatives:

1. Real yields in parts of the world go negative.
2. Existing home sales in 2014 fell 3.1%
3. NAHB Homebuilder sentiment fell to 57, vs expectations of 58.
4. China GDP rose 7.4% in 2014, from 7.7% in 2013.
5. Building permits declined 1.9% to a pace of 1.03mm, both weaker than expected.
6. Existing home sales rose in December by 2.4% vs expectations for a 3% rise.
7. Initial jobless claims came in at 307k vs 300k expected.

 

 

 

Kids “inherit” nostalgia for their parents’ music

Posted: 23 Jan 2015 12:00 PM PST


Source: Priceonomics h/t Know More

Rhetological Fallacies

Posted: 23 Jan 2015 09:00 AM PST

10 Friday AM Reads

Posted: 23 Jan 2015 05:00 AM PST

It's Friday already! Busy week snuck by when we weren't looking. No worries, our morning train reads are primed to go:

• Relative to bonds, S&P 500 companies may be about as cheap as they've ever been. (Housel)
• Draghi: “There must be a statute of limitations for those who say there will be inflation” LOL  (Calculated Risk)
• McDonald’s fixes its marketing, Chipotle fixes its product (Fortune)
• Alternative Assets Approach $7T Despite Headwinds (Chief Investment Officer) see also After Hedge Funds, CalPERS Eyes Private Equity Cuts (Chief Investment Officer)
• Best Books for Investors: A Short Shelf (Total Return)
• The Senate is pretty clearly a hoax (Voxsee also By 98 to 1, U.S. Senate passes amendment saying climate change is real, not a hoax (Science)
•  A New Way to Explode a Star? (National Geographic)
• Meet the woman who can't feel fear (Washington Postsee also World With No Fear (NPR)
• Apple App’s store is Bigger than Hollywood  (Asymco)
• Hands-on: Microsoft's HoloLens is flat-out magical (Ars Technica)

What are you reading?

 


The Real Reason Oil Prices Plunged


Source: Fox Business

 

1958 Mercedes-Benz SL 190 – 190 SL Roadster

Posted: 23 Jan 2015 03:00 AM PST


Source: Classic Driver

Source: Classic Driver

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