Some afternoon reads to start off your year:

• Ten Economic Questions for 2012 (Calculated Risk)
• Treasury plans for euro failure (Telegraph)
• Flick Chicks (New Yorker)
• Inside McKinsey (
• A Conspiracy of Dunces (Slate)
• Danish company helps Iran spy on citizens (Information)
• GOP candidates offer few new ideas on reviving housing market (Washington Post)
• The Real History Of Twitter (Business Insider)
• I’ll tell you why movie revenue is dropping… (Roger Ebert)
• What is MITx? (MIT News)

What are you reading?

Category: Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

5 Responses to “10 New Year’s PM Reads”

  1. Jojo says:

    The spectre of 1932: How a loss of faith in politicians and democracy could make 2012 the most frightening year in living memory

    By Dominic Sandbrook
    Last updated at 10:47 AM on 31st December 2011

    The dawn of a new year is usually a time of hope and ambition, of dreams for the future and thoughts of a better life. But it is a long time since many of us looked forward to the new year with such anxiety, even dread.

    Here in Britain, many economists believe that by the end of 2012 we could well have slipped into a second devastating recession. The Coalition remains delicately poised; it would take only one or two resignations to provoke a wider schism and a general election.

    But the real dangers lie overseas. In the Middle East, the excitement of the Arab Spring has long since curdled into sectarian tension and fears of Islamic fundamentalism. And with so many of the world’s oil supplies concentrated in the Persian Gulf, British families will be keeping an anxious eye on events in the Arab world.

    Meanwhile, as the eurozone slides towards disaster, the prospects for Europe have rarely been bleaker. Already the European elite have installed compliant technocratic governments in Greece and Italy, and with the markets now putting pressure on France, few observers can be optimistic that the Continent can avoid a total meltdown.

  2. Slade says:

    All great reads, don’t know how you find the time?

    Seems to me that it’s a good thing that Obama and the Repubs cannot find a way to help housing — government “help” contributed significantly to the mess we have now, the solution will take time and market forces. And I say that sitting under water. :)

    One place the boys in DC need to focus IMO, is how to clean up the whole foreclosure mess by getting tough. How about some time limits to act, and some severe penalties for getting it wrong; like you foreclose and you don’t actually own the mortgage — you pay off the lender, 6 months to foreclose or you can’t, tough love. A little harsh, but we need to get some discipline in the private sector, without government $$. With enough stick, if the lenders can’t get it right, they should not exist.

  3. mathman says:

    Here’s the latest on the application of systems theory to our current bottleneck scenario:

  4. VennData says:

    from the article saying the GOP has no solutions to the real estate problem we see this…

    “…You’d think the situation would present an inviting opening for the Republican candidates vying to challenge President Obama, who has acknowledged his failure to solve the real estate problem as one of his major policy shortcomings…”

    So Obama solved the stock market problem of 2008/9 by doubling the equity market values, increasing REITs by more and getting a fifty percent gain to corporate debt. Is this what people want? They want housing prices to go up?

    That may help people with too much housing debt, but people with too much housing debt need to pay down that debt. With cash, that they earn. Problem solved.

    No one is complaining about how Obama solved the equity market crisis, except the uber bears, the Rick Santellis, the Kyle Basses, the folks in other words who want the market to go back down since they missed the run up.

    Lower prices are the only solution to high prices. We only have a housing crisis if not enough people have a place to live. Period. Everything else regarding the suckers who got suckered into housing at the top is an inconvience.

    Sorry Mr. America. You got suckered by another ad campaign to ‘move up’ in the house market. That is not a crisis. Consider it a lesson in the capitalism you think you love so much.