Doin' It Bloggystyle: Random Weddings
Minyanville brings together the best of what they are saying "out there" about the topics we're talking about right here.
Blogs themselves need no introduction, as they get as much publicity as pretty much anything these days, save maybe the latest Britney news. There's an expanding world of excellent financial blogs, covering pretty much everything from global economics to swing trading. Minyanville's goal is to bring together the best of what they are saying "out there" about the topics we're talking about right here.
So I'm standing right near the aisle at the Parker-Longoria wedding, great spot, and next thing I know Robert Horry knocks me into a billboard with a chippy foul. And it's me that gets kicked out. We're re-gifting those Trump Steaks, to someone appreciative, that's all I can say.
What if they released a jobs report on a summer Friday? During a holiday week. Would anyone notice?
- Barry wondered beforehand, where is the wage pressure?
- "If Unemployment is actually as low as it's been reported by BLS, then there is no slack in the labor market. We have a situation where demand is outstripping supply"
- Jeff at A Dash of Insight tackles some of Barry's questions.
- The Mess That Greenspan Made notes the infinite loop of the labor market.
- Should you buy stocks in China and India-and sell all your developed market stocks (or short them)? Sanjay John says the answer is yes.
- Bill Rempel looking at IEZ and SMH.
- Interesting names working their way up the IBD list, via Dave.
Give the People What They Want! More ETF's
- Want to combine oil sands with high-yielding trusts, Canadian style? How about the the Claymore/SWM Canadian Energy Income Fund (ENY). Roger fills us in.
- Need anything energy related? Here's a handy list off Seeking Alpha.
- What's next? Roger is looking for maybe Vietnam and Iceland. ETF Trends adds Eastern Europe, Turkey and Ireland.
A snippet from the front lines of "The War On Wealth". Or as anyone else would describe it, a legitimate question over whether hedge funds/Private Equity are entitled to their current tax treatment.
- Pretty reasoned look here by The Peridot Capitalist.
- "The whole point of having a low capital gains tax rate (relative to income tax rates) is to incentivize people to invest in businesses and put their capital at risk."
- "A fair compromise in my eyes would be to allow managers to pay 15% on the portion that is their own capital at risk, and ordinary income tax rates on fees earned on limited partner's assets that are paid out to the general partner. That way, the whole point of the 15% capital gains tax rate (reward risk taking with lower taxes) is preserved. "
- I totally agree, it seems like a simple and obvious solution. I can't buy the argument that we have to keep the current treatment just because it exists now. It makes no sense.
- I think the salient point is that changing the system is not a "tax on Private Equity", rather a move to treat normal income as... normal income.
- So let's see, we're supposed to believe that home field advantage in the World Series is so important that it's going to get me to watch the All-Star game to find out who wins. But it's also so unimportant that the "every team gets a rep and everyone has to play rule" are in effect, making it an exhibition.
- Yes, the results of a Kansas City's Gil Meche pitching to Pittsburgh's Freddy Sanchez may decide whether Pedro starts Game 7 at home or in Detroit.
- That is the World Series, Tigers, fortified with deadline acquisition Eric Gagne as their closer taking on the Mets, finally awake after sleep-walking until September but getting in anyway in the awful NL thanks to Pedro and the red-hot 2nd half from Lastings Milledge.
- Yankees make the playoffs also. For all the bleating, all they have to do is make up nine losses on the Red Sox or seven on both the Indians and Mariners.
- So what to watch until Thursday? How about a little Tour de France. I'm willing to look past all the allegations and just enjoy the race/scenery. Darren Rovell, not in agreement.
- If I ran the sports world, every day of the year would be covered though and we wouldn't have this problem. NFL would start in October and run right into March Madness.
- Then baseball starts in April.
- College football stays right where it is.
- The NBA would cease to exist, although they would still draft players and play summer league. That's all anyone watches now anyway.
- The whole NHL season would take place over the baseball All-Star break.
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