Welcome to the end of the week and another edition of Happy Hour! Just sit back, relax, and enjoy your end of the week roundup of all things interesting in the land of money.
Real NFL Refs
It only took the replacement referee experiment three weeks to hit the worst case scenario. As it turns out, it was enough to put it to an end too. With last nights game the real NFL referees received a standing ovation for their return. Probably the last time we’ll ever see that.
What was a great game between the Seahawks and Packers turned into a social media firestorm on the last play. If you haven’t heard the Packers lost on what was obviously an interception but ruled as a touchdown for Seattle.
It’s the one thing the NFL hoped would not happen. But when you put a faulty product on the field, you should expect some outrage. When you replace great with average you never get the same results. Thankfully, all is well with the football world now that the real refs are back. Right?
Drunk Trading
What could easily be titled What Not To Do After You’ve Been Drinking. Apparently you shouldn’t head back to office after a few too many and start working again. A British trader thought this was great idea and did it in a big way. And lost almost $10 million in the process.
Who knew a drunken trading binge would cost someone their job, their company’s profits and get them banned from trading for five years. I think there’s a lesson in there somewhere!
Last Call
- Anaconda Copper: The Greatest Deal in Wall Street History? – A great short story about Wall Street past with a link to the present.
- The Gray Tsunami – a telling sign of what to expect over the next several decades with an aging population and declining growth rates. I’m sure there’s an investment in there too.
- QE3 – The title says it all. The IGM Economic Experts chime in with their views on QE and inflation fears. Some interesting results.
- Two Reasons to expect Economic Growth to Increase – I agree and the article points to a big reason why the unemployment rate hasn’t changed, government layoffs were offsetting corporate hiring.
- Surging U.S. oil production in September – I covered this from a natural gas perspective but the domestic energy boom will be the driving force behind the U.S. economy for years.
