Labor Day Weekend Linkfest

Sunday, August 31, 2008 | 10:30 AM

Here are some of the things I have been reading this week . . .

Hot_or_not_20080829202256 INVESTING & TRADING

The Reluctant Bulls (Barron's)
http://online.barrons.com/article/SB122006077547885467.html
U.S. stocks probably won't make much progress before year's end. But they're a better bet than most, say leading Wall Street strategists.

The Fannie & Freddie Question (WSJ)
http://online.wsj.com/article/SB122005562753985195.html  See also Fannie Mae and Freddie Mac: A Damage Report  (BusinessWeek) 

Monolines, Back on Track? (MarketBeat)   
http://blogs.wsj.com/marketbeat/2008/08/28/monolines-back-on-track/

Credit Seizing as Banks Balk at Lending (Bloomberg)
http://www.bloomberg.com/apps/news?pid=20601087&sid=aa9qsN2KBb0Y&

September: The horror story (Marketwatch)
http://tinyurl.com/6r3blq
Does September deserve its reputation as being bad for stocks?

Lehman Brothers in urgent talks on capital injection (Telegraph)   
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/08/31/cnleh131.xml

Value Investors Cut Losses (WSJ)
http://online.wsj.com/article/SB122005360806685021.html

50 SPX Stocks Down > 50%   
http://bigpicture.typepad.com/comments/2008/08/50-spx-stocks-d.html

THAT UNCERTAIN FEELING   (New Yorker)
http://www.newyorker.com/talk/financial/2008/09/01/080901ta_talk_surowiecki
James Surowiecki on Volatility and Herding

PERCENTAGE OF STOCKS ABOVE 50-DAY MOVING AVERAGES   
http://bespokeinvest.typepad.com/bespoke/2008/08/percentage-of-2.html

The four horsemen of the market (Marketwatch)
http://tinyurl.com/fourhorsemen

Web sites give tips for savvy investing   (SF Chronicle)
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/08/16/BUD312ADRG.DTL

The FDIC Wants in on the Bailout Action...   
http://econompicdata.blogspot.com/2008/08/fdic-wants-in-on-bailout-action.html

Buybacks, Look Before You Leap (WSJ)
http://online.wsj.com/article/SB122005273251785043.html

Top 41 Untruths Perpetrated by Wall Street   
http://timinglogic.blogspot.com/2007/10/general-consensus-amongst-many-market.html

~~~

ECONOMY

Lagging Incomes Signal U.S. Economy Weaker Than GDP Suggests (Bloomberg)
http://www.bloomberg.com/apps/news?pid=20601087&sid=aIWiIsk9fzl8&

The Death of the Credit Card Economy (Slate)
http://www.slate.com/id/2198942/

GDP: Lowest Inflation Rate in 5 Years (Barrons)
http://online.barrons.com/article/SB122004938061284705.html
(If no Barrons, go here)

Why Does It Feel Like a Recession?  (Econbrowser)
http://www.econbrowser.com/archives/2008/08/why_does_it_fee.html

UK Economy at 60-year low, says Darling. And it will get worse (Guardian)
http://www.guardian.co.uk/politics/2008/aug/30/economy.alistairdarling

From Sea to Shining Sea  (Barron's)
http://online.barrons.com/article/SB122004922730684629.html
Bellwether states are falling off the fiscal cliff.

Don’t Turn Off Recession Siren Yet  (Real Time Economics)   
http://blogs.wsj.com/economics/2008/08/28/dont-turn-off-recession-siren-yet/   

Income and poverty: Size up your state  (CNN Money)
http://money.cnn.com/2008/08/29/news/economy/census_data_by_state/index.htm

Shallow Recessions, Shallow Recoveries   (New York Times)
http://www.nytimes.com/2008/08/30/business/economy/30charts.html

Japan offers economic stimulus package (FT)
http://www.ft.com/cms/s/0/66bd3d3e-757a-11dd-ab30-0000779fd18c.html

Is GDP Measuring Growth or Inflation?
http://bigpicture.typepad.com/comments/2008/08/are-you-measuri.html

~~~

HOUSING

Unthinkable Happens: Manhattan Apartment Prices Fall   (NY Sun)
http://www.nysun.com/business/unthinkable-happens-manhattan-apartment-prices/84900/

Unthinkable? Does anyone remember 1989-1996?

London Luxury-Home Prices Post First Drop Since 2003 (Bloomberg)
http://www.bloomberg.com/apps/news?pid=20601213&sid=a77Zr2.dxrGE&

Existing-home sales drop 13.2% as prices fall 7.1%
http://bigpicture.typepad.com/comments/2008/08/existing-home-s.html

June 2008 Case Shiller Housing Index Falls 15.9%   
http://bigpicture.typepad.com/comments/2008/08/case-shiller-ju.html

The next wave of mortgage defaults (CNN Money)
http://money.cnn.com/2008/08/12/real_estate/prime_defaults_price_drops/index.htm?postversion=2008081208

UK home sales boosted by desperate vendors  (FT)
http://www.ft.com/cms/s/0/97c97a08-75f4-11dd-99ce-0000779fd18c.html

•  Housing Is the Business Cycle   
http://bigpicture.typepad.com/comments/2008/08/why-so-much-hou.html

~~~

MEDIA/POLITICS/ENERGY

Ron Paul followers gathering for own convention (AP)
http://ap.google.com/article/ALeqM5hx2FpPC_FhKjPbaHrFdnNHtq0uZAD92SMT000

Gustav Could Wreck Economic Landscape  (Real Time Economics) 
http://blogs.wsj.com/economics/2008/08/29/gustav-could-wreck-economic-landscape/

A Biblical Seven Years (NYT) 
http://www.nytimes.com/2008/08/27/opinion/27friedman.html
Thomas Friedman on the US versus China . . .

Gallup Daily: Obama Stretches Lead to 8 Points   
http://www.gallup.com/poll/109933/Gallup-Daily-Obama-Stretches-Lead-Points.aspx

Next Treasury Secretary: Geithner, Bair?   (Real Time Economics)   
http://blogs.wsj.com/economics/2008/08/27/next-treasury-secretary-geithner-bair/

The Palin Stunner  (Washington Post)
http://www.washingtonpost.com/wp-dyn/content/article/2008/08/29/AR2008082902298.html

6 things the Palin pick says about McCain (Politico)
http://www.politico.com/news/stories/0808/12997.html

~~~    

TECHNOLOGY & SCIENCE

Graphjam: Pop Culture for People in Cubicles
http://graphjam.com/

Why is a 99p price tag so attractive?  (BBC)
http://news.bbc.co.uk/2/hi/uk_news/magazine/7522426.stm

Internet Traffic Begins to Bypass the U.S. (New York Times)
http://www.nytimes.com/2008/08/30/business/30pipes.html

Can Jerry Seinfeld save Microsoft? (Marketwatch)
http://tinyurl.com/seindfeldmsft
Seinfeld himself was featured in the original "Think different" TV ads that highlighted various figures and celebrities who supposedly think different(ly). If that's not embarrassing enough,  Apple was the computer used extensively on the memorable "Seinfeld" TV series,  and Jerry is thought to be an Apple user

MIT Team Builds Nano sized "Virus-Based Batteries"   
http://www.popularmechanics.com/blogs/science_news/4279923.html

Purging The Stupid Finally, software that zaps the most obnoxious Web chatter. (Mark Morford, SF Gate Columnist)   
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2008/08/29/notes082908.DTL&feed=rss.mmorford

Court: U.S. can bar mad-cow testing  (USA Today)
http://www.usatoday.com/news/washington/2008-08-29-mad-cow_N.htm

~~~

MUSIC BOOKS MOVIES TV FUN!

Death Cab for Cuties' Grapevine Fires  videos

"Classic Tracks": A brief history of some all time classic songs  (MIX) 
http://mixonline.com/classic-tracks/

List of problems solved by MacGyver 
http://en.wikipedia.org/wiki/List_of_problems_solved_by_MacGyver

'100 Things to do before you die' author dies at 47  (book at Amazon)  And, yes, he did all 100.

Pictured: The bungling burglar left dangling by his shoelaces after getting caught in victim's bay window   (Daily Mail) 

~~~

That's all from the last weekend of the summer, where we will be tuned into the US open.

Got a comment, suggestion, link idea? Or do you just have something on your mind? The linkfest loves to get email!  If you've got something to say, send email to thebigpicture [AT] optonline [DOT] net.

Sunday, August 31, 2008 | 10:30 AM | Permalink | Comments (4) | TrackBack (0)
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Freeman's relatives said he visited about half the places on his list before he died, and either he or Teplica had been to nearly all of them.

Posted by: curmudgeonly troll | Aug 31, 2008 11:45:26 AM

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