Now raising intellectual capital
from Rolfe Winkler:
Let them eat lobster! (Yves, Naked Capitalism)
The weather according to economists: sunny! (Kedrosky) Group think...
Let's get fisical (Bill Gross, PIMCO) In his latest investor letter, Bill Gross paradoxically laments the influence of special interests. Of course he was one of the chief special interests -- representing the investor class -- lobbying for government to support asset prices. He also questions how the market will perform when our government "sugar daddy" disappears, especially in light of the disappearance of foreign buyers of Treasuries.
Snowed-in Brits boost adultery website (Casciato, Reuters)
Create your own solar system (Colorado.edu) Click "Run Now" and then play with the variables bottom left.
Dubai starbucks (imgur)
Three-toed sloth on ride of his life...
As co-chief investment officer of PIMCO, the world’s largest bond fund, Bill Gross is certainly “one of the nation’s most influential financiers,” as a recent New York Times profile noted. Not surprisingly, his monthly message to investors is widely read.
Investors will be curious about his views, but Gross’ missives should also be read for their entertainment value. His writing has a flamboyance rarely found in typically dry, jargon-jammed investment newsletters. In June, he started off by named-checking Balzac and F. Scott Fitzgerald.