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10 Monday AM Reads

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By Barry Ritholtz - July 18th, 2011, 5:51AM

Lots of interesting reading to start the week:

• Five truths about the deficit and the national debt (Washington Post)
• Gold Rallies to Record in Best Run Since 1980 (Bloomberg)
• Big Mortgages Are Back (WSJ) see also 2nd Loans, 2nd Wave of Losses (NYT)
• Either the Fed Goes, or I Do: (Slate) Ron Paul retires from Congress, leaving behind a GOP that finally learned to love him.
• Carl Bernstein: Murdoch’s Watergate? (Newsweek) see also NewsCorp Scandal Grows (WSJ)
• Google’s a big infrastructure spender (Washington Post)
• Driven off the Road by M.B.A.s (Time) Why a Rise in M.B.A.s Coincided with the Fall of American Industry
• Medical marijuana: A science-free zone at the White House [Blowback] (LA Times)
• New Research Suggests Everybody’s Less Satisfied (Miller McCune)
• This week in Content Farms: Huffington Post Challenge (Slate)

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 “10 Monday AM Reads”

  1. mathman Says:
    July 18th, 2011 at 6:46 am

    Lots of interesting stuff going on “behind the scenes”:

    http://www.prisonplanet.com/debt-political-theater-diverts-attention-while-americans’-wealth-is-stolen-kucinich.html

    http://www.zerohedge.com/article/cvn-77-ghw-bush-enters-persian-gulf-cia-veteran-robert-baer-predicts-september-israel-iran-w

    http://www.popsci.com/technology/article/2011-07/amid-privacy-fears-police-across-nation-will-roll-out-face-recognizing-iphone-tech-year

    http://irregulartimes.com/index.php/archives/2011/07/17/the-rise-of-dragonfly-surveillance/

    Oh, and remember the Egyptian protests and Mubarak’s leaving the country? (me neither!) Well things have “progressed” to the point that Mubarak has supposedly suffered a massive stroke and the Egyptian military wants “in” on whatever new government evolves:
    Egypt Military Aims to Cement Muscular Role in Government
    http://www.nytimes.com/2011/07/17/world/middleeast/17egypt.html?_r=1&nl=todaysheadlines&emc=tha2

  2. Mike in Nola Says:
    July 18th, 2011 at 7:04 am

    Two interesting articles:

    1. More or less what I said about Google+ in the Facebook valuation post from a few days ago, but much more concisely and fluently. Google is good at copying others’ products, but not necessarily at turning them into viable businesses.
    Google: The one trick pony learns a second trick
    It sells ads. And it clones other people’s products
    http://www.theregister.co.uk/2011/07/18/google_habit/

    2. Realtors railing about how now is the time to buy before that impossible-to-meet burden of 20% down becomes law. Linked from a local Houston real estate blog. How could a real estate market possibly function with a 20% down requirement?
    http://www.mainstreet.com/article/real-estate/buying/why-qrm-rule-could-hurt-homebuyers

  3. Raleighwood Says:
    July 18th, 2011 at 7:49 am

    So today’s analysis of class economic warfare should focus on what national income economists call the FIRE sector – finance, insurance and real estate. It is a symbiotic sector that’s emerged to become the core where most economy planning now occurs. A hundred years ago people thought heavy industry, the steel companies, railroads and public utilities would do the planning – with finance playing a coordinating role in production. Debt was expected to be productive, created to finance new means of production.

    http://michael-hudson.com/2011/07/the-euthanasia-of-industry/

    ~~~

    BR: Thats already queued up for afternoon reads!

  4. Greg0658 Says:
    July 18th, 2011 at 8:58 am

    “remember the Egyptian protests and Mubarak” .. I’d still feel a little better exhuming K.Lay .. he’d dead — it won’t be a mannequin :-| sorry state my mind is in (I know)

  5. lunartop Says:
    July 18th, 2011 at 8:58 am

    Why David Brent Is a Good Guy http://www.huffingtonpost.com/ricky-gervais/why-david-brent-is-a-good_b_901362.html

  6. roeske Says:
    July 18th, 2011 at 9:18 am

    MR, what do you think of Michael Boskin’s WSJ article, “Get Ready for a 70% Marginal Tax Rate”? http://online.wsj.com/article/SB10001424052702304911104576443893352153776.html

    ~~~

    BR: Note our prior discussions of Boskin here

  7. roeske Says:
    July 18th, 2011 at 10:16 am

    Thanks, I thought I recalled his work critiqued here before…

  8. VennData Says:
    July 18th, 2011 at 12:07 pm

    Secretary Geithner has found a solution for the stupid decisions by the banks to return their pay to pre-crisis levels after being bailed out by taxpayers.

    …bash their stock prices by talking them down.

  9. formerlawyer Says:
    July 18th, 2011 at 2:05 pm

    Default would increase the size of government?

    http://www.project-syndicate.org/commentary/johnson22/English

  10. JerseyCynic Says:
    July 18th, 2011 at 4:07 pm

    http://www.thestreet.com/story/11188034/1/central-banks-choose-gold-over-paper.html

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