1) JPMorgan CEO Jamie Dimon Pushes For Bank To Publicly Shame Him (Huffington Post) - Here's a nice ploy to save your bonus. Go ahead and publicly flog me for The Whale, but make sure my name is spelled right on the bonus check.
2) Ben Bernanke: Get rid of the debt ceiling, it has no practical value (Washington Examiner) - Helicopter Ben and I disagree on a great many things, but on this we're sympatico. The debt ceiling is utterly meaningless because we always raise it anyway, and it only serves to make us look bad.
3) Portfolio Manager Creates Dazzlingly Deep Presentation On What's Really Going On With The US Economy (Business Insider) - You should take the time to check this out if you have any enduring interest in the US economy. Great stuff.
4) How Good Gamblers Think (Farnam Street) - There's dead money at every poker table. If you can't figure out who the dead money is at your table, it's you. Apparently Buffett and Munger agree.
5) ReadyForZero launches student loan acceleration, targets $1 trillion bubble (Pando Daily) - Okay, this is a really cool service if you've got student loan (or any other kind of) debt. It's more than a Mint.com knockoff; ReadyForZero will actually alert you to when you can and should make a bigger payment on your debt load, and it lets you know how much sooner you'll be debt free if you do. Pretty cool debt management tool for young people.
6) Google Opens Up Registration For “Advanced Power Searching” Program (Tech Crunch) - Ready to do some deep Googling? I'm talking about the kind of search ninja stuff that I highlighted a few months ago, making the seemingly impossible possible. Sign up here to learn how.
7) What I Learned From My Father, the Grifter (Men's Journal) - This is just a great read dating back to 2009. It's amazing what you pick up from your parents regardless of how they live their lives.
8) Manti Te’o’s Dead Girlfriend, The Most Heartbreaking And Inspirational Story Of The College Football Season, Is A Hoax (Deadspin) - Either this kid is a complete moron, or this is the most nefarious scheme to win a Heisman Trophy in, like, ever.
9) 3D printers could force the NRA to beg for government regulation (Pando Daily) - I've been meaning to do a full post about 3D printing and the implications thereof, but this is a good start. Someone has already successfully printed a firearm with one of these, so there might be something to this.
10) ABC’s Nightline Asks, ‘Is Partying Online Hurting Your Job Prospects?’ Featuring I’m Shmacked (BroBible) - You probably know the answer to this before you even click, but with Facebook's new Social Graph specifically targeting photos (and presumably videos), it's only going to get easier for employers to find that video of you blotto with dicks tattooed on your back.
Video of the Week:
It's been awhile since we've had a movie trailer as the Video of the Week, but this one looks especially intriguing depending upon how they handle the history behind the story. The movie is called Emperor and tells the story of the American occupation of Japan immediately following WWII. Tommy Lee Jones is cast as Douglas MacArthur, but it appears the more central character is Bonner Fellers played by Matthew Fox.
Fellers is one of those unique characters in American history who was both adored and reviled in equal measure. He was MacArthur's right hand man and was utterly detested by Ike Eisenhower. The movie tells the story of his part in the Tokyo War Crimes Tribunal, where he went to great lengths to protect the Emperor of Japan by placing ultimate responsibility for Pearl Harbor on General Tojo (who, for his part, played along and went to the gallows to protect his Emperor). Looks pretty awesome (at least to a history buff like me):
That's it for this week, fellas. Have a great weekend and let me know what you think about this week's Banana's in the comments.
That outlook (number 3) is very good. It's especially helpful being in private banking, because these macro views are what drive longer-term investment strategies. Thanks for sharing!
Infuriating that #3 is in individual page form. Here's a PDF of the presentation:
https://www.dropbox.com/s/ny4ejd1cm1sg6lu/Naufal%20Sanaullah%202013%20G…
Nice pull. I hate when BI does that. +1
+1. thanks
http://www.wallstreetoasis.com/blog/2013-global-macro-cross-asset-analy…
New link for those who couldn't access before.
Here's a Bonus Banana for ya. The ultimate WSO profile pic:
With regards to #3, is "We view Spain and Italy as in about inning 4-5 of a depression" a baseball metaphor, or is this some macro jargon I am not familiar with?
Definitely a baseball metaphor.
With Lance Armstrong's podium announcement official, what's the outlook on his pocket filler Thomas Weisel and TWP?
"Insiders claim that a deal between Teo and Livestrong is in the works"
"What I Learned From My Father, the Grifter" -- awesome article, thanks.
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