From the Loony Bin: NCAA Bond Issue, Etc…

Baylor U

At six feet seven inches and 410 pounds, Baylor University’s LaQuan McGowan will always be open at tight end. (photo:

Bud’s Round-up of Daily Drivel:

  • No-coupon-at-all, aka “NCAA”: American Eagle Energy fails to make first interest payment on new bond issue.  (Bloomberg)
  • From the Shark Tank: Mark Cuban on the current tech bubble.  (blogmaverick)
  • Limbo up, Lumber down: The 25-year-old behind Lumber Liquidators’ 50% stock drop.  (Yahoo)
  • That took long enough: Nobel Prize Chairman who awarded Obama is demoted.  (ABC)
  • Tax dollars go right down the toilet: King County, WA will pay a “Comfort Station Coordinator” $90K to map out restrooms for bus drivers.  (US News & World Report)
  • Big target: Baylor University to move 6-foot-7, 410-pound lineman to tight end.  (ESPN)

From the Loony Bin: Nobel Prize for Sale, Etc…

Nobel prize

Minimum bid $150K:  The 1971 Nobel Prize in Economic Sciences is for sale.  (Photo: Nate D. Sanders)

Bud’s Round-up of Daily Drivel:

  • Always a good read: This year’s Economic Report of the President is out. Table B-21 on page 409 tells the real story.  (
  • Nobel Prize for sale: Simon Kuznet’s 1971 award for Economic Sciences is on the auction block.  (Nate D. Sanders)
  • Car Wars: Apple hopes to begin production of an electric car in 2020.  (Bloomberg)
  • The Good, the Bad, and the Ugly:  Institutional Investor’s Alpha ranks the hedge funds.  (CNN)
  • Three NFL teams in Los Angeles?  Not so fast.  (Washington Post)
  • Oscar odds:  How to pick ’em if you’re in an Academy Awards pool.  (New York Times)

From the Loony Bin: Federal Reserve GDP Forecasts Stink, Etc…

SF Fed_1

These charts plot the evolution of the Federal Reserve’s GDP forecasts for 2008-2010 (above) and 2011-2013 (below) vs actual results.  Left vertical axis indicates GDP growth, right axis is trailing 12-month percentage change in the S&P 500.  (Source:

SF Fed

As you can see, your guess is as good as theirs. (Source:

Bud’s Round-up of Daily Drivel:

  • Interesting:  Researchers at San Francisco Federal Reserve Bank say the Fed can’t forecast too well.  (FRB of San Fran)
  • Pinboard billionaire: Pinterest new $500mm financing round targets $11B valuation.  (Wired)
  • A-lister: Angie’s List (ticker ANGI) touch lower today after yesterday’s 60% increase on strong 4Q results.  (
  • Hedgie Shack attack: Unsecured creditors accuse hedge fund of foul play in Radio Shack bankruptcy.  (WSJ)
  • US jobless claims fall more than expected. (Reuters)
  • Nein:  Germany rejects Greek request for loan extension.  (The Guardian)
  • Dropping the F-bomb on net neutrality:  Mark Cuban attacks plan to regulate the internet.  (re/code)
  • All contributions welcome: The Clinton Foundation lifts restrictions on foreign government money.  (Washington Post)
  • The fox guards the henhouse: NFL official fired for trying to steal Deflategate football.  (NBC Sports)
  • Cheated:  UNC whistle-blower’s new book exposes academic fraud in college sports.  (Bloomberg)