Tuesday Afternoon Reads

By Anna W - June 28th, 2011, 4:00PM

This is what I will be reading on the way home tonight:

• Kass: Debt Is Suffocating Recovery (The Street)
• The 14 Biggest Ideas of the Year (The Atlantic)
• Why Wall Street went for gay marriage (Market Watch)
• Firms Loosen Grip on Cash (WSJ)
• Can Greece Survive? (EconoMonitor)
• Google Introduces Facebook Competitor, Emphasizing Privacy (NYT)
• Stephen Breyer on Intellectual Influences (The Browser)
• Truthy: A System to Analyze and Visualize the Diffusion of Information on Twitter. (Truthy)
• SHELL GAMES: A little house of secrets on the Great Plains (Reuters)
• When The Mob Ruled Hollywood (Playboy)

What are you reading?

PERMALINK
Category: Financial Press.

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

10 Responses to “Tuesday Afternoon Reads”

lunartop Says:
June 28th, 2011 at 4:15 pm
Is the US in denial over its $14tn debt? http://www.bbc.co.uk/news/world-13906274

Understanding HTML, XML and XHTML http://www.webkit.org/blog/68/understanding-html-xml-and-xhtml/

Only about 33% of our human ancestors were male. WTF! http://artofmanliness.com/2011/06/05/the-5-switches-of-manliness-challenge/
James Says:
June 28th, 2011 at 5:57 pm
>The ensuing and much-needed austerity measures are the outgrowth of a world that used debt egregiously and is now heavily laden with it.

Little surprised to read Doug Kass’ comment, “much-needed austerity measures.”
swag Says:
June 28th, 2011 at 5:59 pm
http://bobcesca.com/blog-archives/2011/06/13810.html

“I simply can’t grasp why this is even a discussion we’re having right now, given the precarious status of the recovery. The Republicans need to grow the hell up. Seriously, grow up. This is an M80 inside a clenched fist. It’s irresponsible and completely dangerous. And I’m not sure what the hell the president should do at this point. The Republicans are playing chicken with economic collapse. This ought to disqualify them from being taken seriously as negotiators — another in a long list of reasons why they’re laughably unserious.”
Joe Friday Says:
June 28th, 2011 at 6:29 pm
“Kass: Debt Is Suffocating Recovery (The Street)”

Gee, and here I thought it was the massive lack of demand.
Moss Says:
June 28th, 2011 at 7:39 pm
More evidence of the Corporation fraud, legally protected and endorsed by SCOTUS.

http://finance.yahoo.com/career-work/article/113032/little-house-secrets-great-plains-reuters
mitchw Says:
June 28th, 2011 at 7:58 pm
hey look, everybody. I read a Playboy article!
lalaland Says:
June 28th, 2011 at 10:46 pm
Most interesting thing I read today is that there simply isn’t enough time to write the legislation needed to reduce the deficit by 4 trillion at this point, so the Republican position may be moot: http://www.bloomberg.com/news/2011-06-28/-big-boys-focusing-on-narrower-u-s-debt-deal-as-deadline-nears.html

Also, from the “oh no, not again (hurts so good, I don’t understand) files: http://www.nytimes.com/2011/06/29/realestate/commercial/commercial-real-estate-lenders-step-into-riskier-deals.html?smid=tw-nytimesbusiness&seid=auto
pflantzdog27 Says:
June 29th, 2011 at 6:04 am
What about posting your favorite links on Shmish! – it’s a social news aggregate for finance.
http://shmish.com
mathman Says:
June 29th, 2011 at 6:09 am
Euro crisis? What Euro crisis?: http://www.telegraph.co.uk/news/worldnews/europe/eu/8597299/EU-president-unveils-new-280m-gilded-cage.html

Oh, just wait til they start this here:
http://www.thesun.co.uk/sol/homepage/3655137/Burglar-cops-break-into-homes.html

David Stockman on Bernanke:
http://ofgoatsandmen.blogspot.com/2011/06/bankers-behind-it-all.html

James Hanson and Fox News:
http://thinkprogress.org/romm/issue/

and Warning Labels for Coal-fired Power Plants:
http://thinkprogress.org/romm/2011/06/27/255571/toles-warning-labels-for-coal-power-plants/
RW Says:
June 29th, 2011 at 11:53 am
“World’s wealthiest people now richer than before the credit crunch.” The Guardian at http://tinyurl.com/44rr8fc

“Mr Keynes and the moderns.” Paul Krugman at http://tinyurl.com/3bsuvm4

WRT the Kass article: He gets it rather badly wrong this time around.

“From my perch, it seems that the leverage associated with the last credit cycle –over here (local, state and federal) and over there (in the eurozone) — is suffocating the world’s economic recovery. The ensuing and much-needed austerity measures are the outgrowth of a world that used debt egregiously and is now heavily laden with it.”

Didn’t know that Kass was an Austerian much less a member of the Senseless Pain Caucus but in any case the central cause of the economic downturn was clearly private overleverage and private debt amplified by corporate misfeasance and the solution to that is certainly not government austerity, it is private deleveraging and private austerity (doh!).

The decision to ease private suffering during the deleveraging cycle via government largess is not only humane but also very practical as Keynes demonstrated (see Krugman’s talk in the link above).