US bond prices are rising and stocks are falling at this hour on "flight to quality" trading. The rumor du jour is that the nuclear carrier USS Nimitz will head for the Persian Gulf on Monday as either a demonstration of strength for Iran's benefit or to assist in military action against Iran's nulcear facilities. An even better rumor is said to emanate from Moscow: A US attack against Iran' s nuclear installations and code named "Operation Bite" is scheduled to begin at 4:00 a.m. on April 6.
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March 30, 2007
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Recommended Reading
Ray Kurzweil: The Singularity Is Near: When Humans Transcend Biology
A must-read about the pace of change in our world. Thrilling and utterly convincingDavid Deutsch: The Beginning of Infinity: Explanations That Transform the World
With the possible exception of Ray Kurzweil's The Singularity Is Near, this is the most optimistic book I have ever read. If you choose to read the book, you will understand, among much else, what optimism really is. But, I have to warn you, the book is long and very difficult, being a combination of quantum physics and philosophy. I would not suggest it, if I didn't think it was extremely important, and, especially for younger persons, life-changing and life-affirming in the best senses of those over-used terms.- Liaquat Ahamed: Lords of Finance: The Bankers Who Broke the World
This a must-read for anyone interested in history and economics. Ahamed's history is sound and his analysis of how people--even experts--really make economic decisions is exactly on the mark. Niall Ferguson: The Ascent of Money: A Financial History of the World
A very readable history and analysis of the major financial marekts.- Sidney Homer and Richard Sylla: A History of Interest Rates
5,000 years of interest rates adn a fascinating read to boot. Hyman P. Minsky: Stabilizing an Unstable Economy
Minsky got it right. He was just 20 years ahead of his time.Robert F. Bruner: The Panic of 1907: Lessons Learned from the Market's Perfect Storm
A brilliant case study of the 1907 crash and bank panic with lots of application to the Panic of 2007.Tim Harford: The Undercover Economist: Exposing Why the Rich Are Rich, Why the Poor Are Poor--And Why You Can Never Buy a Decent Used Car!
An excellent common-sense guide to the value of economics in the real world.Ted Fishman: China,Inc.
A comprehensive view of America's greatest trading partner...and rival.Bryan A. Garner: Garner's Modern American Usage
Ideal & inexhaustable bathroom reading for anyone who loves language and aspires to write it well
Useful Sites
- Board of Governors of the Federal Reserve System
Contains complete texts of major speeches by Federal Reserve Governors - Census Bureau Home Page
One of several essential sites for US economic data including durable goods orders, retail sales & new home sales - U.S. Bureau of Economic Analysis (BEA) - bea.gov Home Page
One of several essential sites for US economic data including Gross Domestic Product - Bureau of Labor Statistics Home Page
One of several essential sites for US economic data
I have been enjoying this blog since it has been posted. I just want to post my view's regarding the bond and stock market. Being in the Mortgage Industry, I feel it's about time the bond market is finally on the decrease, since the housing market is in such a slump.
I would also like to post a remark regarding the USS Nimitz. This deployment of the nuclear vessel is just a swap of the lines. One vessel comes home and the other takes it's place. Russia is assuming the worst when there is a vessel already in place and has been for some time. Which is all about the media and what they disclose.
Posted by: MEH | April 04, 2007 at 08:49 AM