Some reads to finish your work week with:

• An aging bull (Marketwatch) see also Why U.S. Companies Continue to Pay Dividends (Bloomberg)
• If We Had Only Listened to Henry Kaufman Then (Barron’s)
• Behind China’s Big Slowdown (The Diplomat)
• U.S. tests rare legal path in financial crisis cases (Reuters)
• JPMorgan Said to Transform Treasury to Prop Trading (Bloomberg) see also For MBIA and BofA, it’s just about high noon (Reuters)
• The Ideology of Catastrophe (WSJ)
• Berlin Cracks the Startup Code (Businessweek)
• 5 Ways Google Earns Money Off You (SmartMoney)
• What if Life Expectancy Grows Faster? (Conversable Economist)
• (Texts From My Dog)

What are you reading?


What the crisis has done to rich-world public finances  

Source Economist


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.

14 Responses to “10 Friday AM Reads”

  1. Lariat1 says:

    It looks like I am in moderation limbo.

  2. Bob is still unemployed   says:

    What!?!?! One of the most socialized country of ‘em all, Sweden, has ZERO debt?

    That can’t be right.

    Socialism is supposed to be the path to ruin. How can Sweden have one of the longest life expectancies, one of the most educated populations and NO DEBT?

  3. Arequipa01 says:

    Did the DAX just pierce 6600? Where’s my bounce? Seems a cause for concern.

  4. Arequipa01 says:

    I humbly submit that the speech by the SEC’s Luis Aguilar is important and should be part of one’s reading for the weekend.

    Peich01 linked to it on Wednesday(?).

    Here it is again:

    Rule of law issues should be contemplated carefully.


    BR: Great find. Thats Think Tank material

  5. willid3 says:

    failure of democracy in Europe?

    wonder if it will lead to major political issues. as voters tumble to the idea that their views are ignored.
    wonder if we in the US will ever figure that out too

  6. willid3 says:

    where does the US get its oil?

    you will be surprised if you thought we got a lot of it from the middle east

  7. willid3 says:

    nothing to see her

    the middle class is not getting much from the recovery

    partly because of automation. but not all of it

    a lot of it is those jobs have been exported.

    and finally some one noticed
    with today’s jobs, its not as easy to switch to new ones, because they are much more complex than before

    its also a lot harder to switch from construction to health care.

  8. Jojo says:

    Capital Flows
    Zero Interest Rate Policy Is Batting Zero
    David Ranson, 04.09.12

    Zero interest rate policy (ZIRP) was a leap into the unknown rather than an application of established knowledge. The Fed’s unquestioned authority has long protected its initiatives from serious oversight. But massive sums of bank reserves created by monetary policy have failed to create fresh credit; most of those dollars remain classified as “excess” on the banks’ books.

    This is not a new experience. A check of long-term historical relationships shows that the growth of bank reserves is related inversely to economic and stock market performance. Far from the “nuclear option” originally advertised, ZIRP, we have learned, is more of an economic drag than a boost. It’s an experiment that failed. The only argument its advocates can make now is that the economy’s fate would have been even worse without it, a claim they know is beyond proof or disproof.

    Nominal interest rates should be compatible with the currency’s stability or weakness. They become an obstacle to growth when they are pushed either much too high (as happened spectacularly in 1981) or much too low. ZIRP could be right for a country (such as Switzerland in the past) where currency strength wipes out inflation. It is wrong where (as in the U.S. or Europe today) paper money is depreciating year by year.

  9. farmera1 says:

    Why the Workforce is Shrinking

    From Bloomberg an interesting take as to why the work force is shrinking. There take it has to do with the aging and retiring baby boomers. I wonder what impact the shrinking Hispanic work force has. In our small town about 50% have left and returned to Mexico. Also have read that the number of illegals coming into the US from Mexico is about back to the levels of the 1970s.

  10. farmera1 says:

    Why the Workforce is Shrinking (Corrections and additions)

    There should be Their. Also the Hispanics are leaving this area because of no jobs.

  11. Y says:

    Economists really have to overthink the free market (capitalism?). Or is it just fortune that Northern European countries (prime example: Sweden) which have a more social market ((socialism without corruption/dictatorship)?) have besides a higher living standard (infrastructure, “longest life expectancies, one of the most educated populations” byBob is still unemployed) also have a lower debt rate?
    In my opinion, it’s no fortune. Socialism is social. A social (truly social, meaning correctly working government)community is the way to higher average living standards.