Lunchtime Links 10-17
Quote of the day. Terry Teachout, the WSJ’s theater critic, commenting on John Stamos’ performance in the Broadway revival of Bye Bye Birdie: “Mr. Stamos couldn’t carry a tune in a bucket with the lid welded on.”
Harrods moves into flourishing gold market (Reuters) At 14% over spot, you’re probably better off working with a reputable dealer.
Credit Suisse still ♥ gold (Alphaville) Paul Murphy with a really helpful summary laying out the bull case for gold. Be sure to read the caveat at the end.
Housing market getting worse Warren says (Tech Ticker) Part 2 of Aaron’s 3-part interview with Warren. BTW, Robert Shiller — creator of the Case-Shiller index — was on a panel with Warren at the Buttonwood conference. He repeated his forecast that recent stability seen in house prices isn’t going to last. He sees the trajectory turning back down.
Six charged in vast insider trading ring (WSJ) The first time a wiretap was used in an insider-trading investigation. Prosectors say they’ll use wiretaps more often to fight financial crimes on Wall St.
FHA (and Quicken) dutifully following subprime playbook (Adam Sharp) No income verification, no appraisal, low down payments, and a teaser rate!
Ezra Klein on the balloon boy hoax (WaPo) “Whether or not the drama was staged, it certainly served as a perfect metaphor for cable news: America spent hours riveted by a powerful and gripping story that turned out to be totally meaningless, and will have no significant impact on anybody’s lives going forward.” I linked to the story too…not proud of that…
The Collider, The Particle, and a theory about fate (NYT) “A pair of otherwise distinguished physicists have suggested that the hypothesized Higgs boson, which physicists hope to produce with the collider, might be so abhorrent to nature that its creation would ripple backward through time and stop the collider before it could make one, like a time traveler who goes back in time to kill his grandfather.”
VIDEO: Baby in stroller run over by train survives unhurt (Youtube)
For hippies (and A & C fans)….