Breakfast Links

Transparency is a key component of a well greased marketplace. It’s why I am against dark pools, internalization and other systems designed to push trading into back rooms. Dodd-Frank will make things less transparent, not more. This is a great article on transparency.

Patents on a lot of drugs will be expiring soon, dropping their prices. The FDA has made it very arduous to get new drugs out there-there isn’t a lot of new stuff in the pipeline. Research is too expensive, liability bar is too high. Important to note, it’s not Obamacare. ($ABT, $BMY, $AZN, $JNJ, $LLY, $GSK, $PFE)

Conservatives and guide to gay marriage.

Explaining the budget crisis to a 19 year old. And a more adult explanation is here.

Heat killed a lot of cattle. ($SFD, $HRL)

Argentina government quotas kill its beef industry. Sad, beautiful country. Great wine and beef. Silly government since the Peron’s.

Spending in disguise. Some targeted tax cuts are really government spending.

While we have a debt ceiling crisis, Europe still has a full blown debt crisis. Spreads on government bonds widen after rescue package.

Comparing and contrasting the two speeches and their approach. Individuals are not stupid. They know when taxes go up for some, they will eventually go up for all.

Does Apple have enough cash? ($AAPL)

Maybe golfers should take a physics or economics class.

Androids have a 30-40% return rate! iPhone’s are 1.7% ($GOOG)

You are starting a company. Debt or Equity? Here are some things to consider if you use debt.


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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