Must-reads: Water, college, Microsoft rotary dial, Inequality, 0%, China’s economy
No changes to the portfolio for me today. Steady as she goes for now as we head into the election. Here are some of the most important articles every trader and investor should be reading this weekend.
Symposium discusses water shortage, student debt – Two of my favorite investment sectors — long water suppliers, short for-profit educators. Speaking of which…
Controversial For-Profit College Industry Using Your Tax Dollars – The days of growth for the for-profit universities is past, the cuts for this sector are coming, one way or another in coming years. Good history in this article.
Microsoft to jump into smartphone market – Will they call it the Kin? Remember this? Microsoft Kin is dead Maybe they could call it the Zune Playbook.
What history tells you about how to trade the Windows 8 launch – I’m betting on a binary outcome for MSFT over the next couple quarters, using both calls and puts.
Hurricane Sandy Aftermath Reveals Massive Inequality Gap in New York City – One of the first most striking differences between NYC and New Mexico that I noticed when I first moved there was the much bigger difference in lifestyles and income between the rich and the poor. Inequality is definitely accelerating for the whole country, but in NYC it will likely be even worse.
Low Rates Lure Yield Seekers Onto Thin Ice – I’ve been writing about how we needed to be in front of this theme three years ago. Stocks and other higher-risk asset classes have indeed been the beneficiaries of the 0% interest rate world that is killing savers and retirees. When this theme is now headline material for the mainstream media, I wonder if we’re getting late in the game.
Is China’s Economy Bottoming? – I read articles all the time about how China’s economy is topping, not bottoming. The title here surprised me.
A Hearty Recommendation – A very nice referral piece from a subscriber who reads me on The Cody Word and signed up for TradingWithCody.com.
