My afternoon train reads:

• Stocks only slightly expensive (Market Watch) see also How to Handle the Coming Dividend Tax Hike (SmartMoney)
• Making big decisions about money (Seth Godin)
• Richard Clarke on Who Was Behind the Stuxnet Attack (Smithsonian) see also U.S. Outgunned in Hacker War (WSJ)
• Four Numbers Add Up to an American Debt Disaster (Bloomberg)
• Seeing and Believing (New Yorker) see also Turn a Hunch Into a Strategy (Inc.)
• Business Bets on the G.O.P. May Be Backfiring (NYT)
• Your brain, your food, and obesity (BoingBoing) see also The Behavioral Sink (Cabinet)
• Claim Check: Employers Asking for Facebook Passwords (The Scoop)
• The split brain: A tale of two halves (Nature) see also It’s Time to Upgrade Your Biological Software (Think Big)
John Sullivan: The Son Shines Bright (n+1)

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.

8 Responses to “10 Thursday PM Reads”

  1. thomas hudson says:

    i think that smart money article on dividends makes some good points, except this one:

    ‘Companies increased their dividend payments substantially after the 2003 tax cut, but lower taxes weren’t necessarily the cause. A 2010 study done for the Federal Reserve Board found that higher profits were the likelier driver. A case in point: Real-estate investment trusts, whose generous dividends don’t qualify for the current lower rates, also increased their payments.’

    reits, especially the non traded variety, tend to have higher dividends due at least in part to their riskier nature and/or lack of liquidity, not necessarily because they are more profitable. in fact, a problem in this industry is too many of these players pay out a dividend that is greater than their ffo (funds from operations). in other words, a significant portion can come from return of investor capital and/or depreciation flow through. they increased their dividends to attract investors in a competitive market place.

  2. Union Agitator says:

    As far as computer security goes, writer Neil Stephenson said something to the effect of: nobody wants computer security. Governments want to spy on everybody, companies don’t want to pay for it, cops want to get evidence off drives right away, and folks don’t want the equivalent of a scooter with 200 pounds of chain on it.

  3. dsawy says:

    Apropos of the “US Outgunned in Hacker War,” there’s this in the WSJ:

    Let’s see. We have one set of federal employees telling us that the Chinese are hacking our private and public systems and we’re so far behind the curve we don’t even know we’re being raped…

    and another set of federal employees wants to give the ChiComs access to even more advanced technology.

    Yea, that inspires confidence.


  4. kernelpanic says:

    To go with the WSJ article …. “Get notified when hackers get your data”

  5. gman says:

    1.6T in money printing..a drop in the bucket! Over a Trillion in US paper real estate wealth was lost in 2011 alone. At the peak of the crisis I saw numbers as high 40-60T in wealth destroyed globally. Money gone to money heaven..only a small portion in equities have come back.

    If Milton was correct and inflation is always a monetary event, printing 1.6t when at least 10t in wealth in equities and RE has evaporated in the US hardly put us on the path to Wiemar…seems more like Japan.

  6. ilsm says:

    Laffer(ing) curve, at the implied inflation risk.

    Milton Friedman on the PBS agitprop in the very early 80′s (was it late 70′s?), “Free to Choose” blitz said “inflation is always a monetary thing”.

    Milton was a “data” cherry picker and his models were neither validated, verified, nor accredited. Outside of the republican sound machine.

    So, would the corrolary that “deflation is always stopped by printing money” cheating inflation risks be a decent theory to follow?

    Think ZIRP and liquidity trap………………………..

    Has Japan suffered inflation, deleveraging and keep their zombie banking system on lofe support?

    Only a few econ blogs, TBP on list.

  7. mathman says:

    Here’s some more imported toxic Chinese crap we can add to the ever-growing list:

    Carcinogens Found in Chinese Kitchenware

    Low, low prices – what could go wrong?!