My early morning reads to start the week:

• Mutual Funds That Are Too Big to Succeed (SmartMoney)
• Stocks and the Economy, Singing Different Tunes (NYT)
• 1 in 2 new graduates are jobless or underemployed (Yahoo News) see also Upon Review, Jobs Picture Not So Pretty (Fox Business)
• World’s Highest Stock Valuations Signal Japanese Recovery (Bloomberg)
• One thing you should never predict is the future (Applied Economist)
• Crisis update twofer:
…..-Parsons Blames Glass-Steagall Repeal for Crisis (Bloomberg)
…..-Raines: Don’t Blame Homeowners, Government for Housing Bust (WSJ)
• Comex Silver Inventory Watch – Heading Into May-July Delivery Period (Jesse’s Café Américain)
• You Won’t BELIEVE How Bearish Investors Are On Treasuries (Business Insider)
• Meet the Media Companies Lobbying Against Transparency (ProPublica)
• Notes on Poll-Watching, as Shift Toward General Election Season Begins (Five Thirty Eight)

What are you reading?
>

Origins of the Indebted American Homeowner


Source: Bloomberg

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.

16 Responses to “10 Monday AM Reads”

  1. SOP says:

    A Ban on Some Seafood Has Fishermen Fuming

    Starting Sunday, gray sole and skate, common catches in the region, will no longer appear in the (Whole Foods’ ) artfully arranged fish cases. Atlantic cod, a New England staple, will be sold only if it is not caught by trawlers, which drag nets across the ocean floor, a much-used method here.

    “It’s totally maddening,” Mr. Sanfilippo said. “They’re just doing it to make all the green people happy.”

    http://www.nytimes.com/2012/04/22/us/to-new-england-fishermen-another-bothersome-barrier.html

  2. VennData says:

    University of Florida eliminates Computer Science department, increases athletic budgets.

    http://www.forbes.com/sites/stevensalzberg/2012/04/22/university-of-florida-eliminates-computer-science-department-increases-athletic-budgets-hmm/

    And you thought Rick Santorum was gone. He lives onin the hearts and minds of many Americans.

    God bless you Rick Santorum, GOP/Tea Party Superstar Marco Rubi, and Jeb Bush. Thanks guys.

  3. James Cameron says:

    > • 1 in 2 new graduates are jobless or underemployed (Yahoo News) see also Upon Review, Jobs

    If this continues the impact on how we view college, college costs, the economy and our entitlement programs will almost certainly be significant. Millions of young adults saddled with college debt and stuck in low wage jobs has serious ramifications over time.

  4. VennData says:

    Romney’s plan would give companies strong incentives to stop providing insurance to workers

    http://www.latimes.com/health/la-na-romney-healthcare-20120423,0,3526510,print.story

    These GOP-Media-Machine worshipers are going to have fun trying to get a new plan on their own without the pre-existing conditions removal in the Affordable CarebAct they all hate so much.

    GOP voter simply cannot keep the entire picture in their mind and once, and focuses only on the slogan.

    Yes, that’s right, Romney proposes taking away your emoloyeer provided health care.

  5. coachin2au says:

    http://www.msnbc.msn.com/id/47138446/ns/politics-the_new_york_times/#.T5V6hNmA8uQ

    It is amazing to see a mindset transformation from “yes we can” to “we can’t wait”. And to be perfectly clear, it is a bipartisan issue, both parties willfully twist rules beyond recognition.

    Such a disturbing and slippery slope.

  6. thomas hudson says:

    the NYT management is looking at switching to a defined contribution plan (from a traditional pension plan), and their staff is none too happy about it. they have released a video, stating their case:

    http://www.youtube.com/watch?feature=player_embedded&v=xTw0B_lmIHM

  7. VennData says:

    Re the Glass Sea all nonsense, above: “… Richard Parsons, speaking two days after ending his 16-year tenure on the board of Citigroup Inc. (C) and a predecessor, said the financial crisis was partly caused by a regulatory change that permitted the company’s creation. The 1999 repeal of the Glass-Steagall law that separated banks from investment banks and insurers made the business more complicated…”

    ROFL, every other nation on earth has these complex bancassurance behemoths, and they seem to be able to manage them. What a bufoon.

  8. Arequipa01 says:

    http://andrewsullivan.thedailybeast.com/2012/04/how-america-tortured.html

    A few years ago I posted something about torture in the comments, and one individual replied “Nobody here cares.” Or something to that effect. I did not respond at the time, no point to doing so.

    Here is an excerpt from the link above:

    “They tortured men at military bases and detention centers in Afghanistan and Iraq, in Guantánamo, and in U.S. Navy bases on American soil; they tortured men in secret CIA prisons set up across the globe specifically to terrorize and torture prisoners; they sent many more to countries with notoriously abusive regimes and asked them to do the torturing. At least twice, after the torturers themselves concluded there was no point to further abuse, Washington ordered that the prisoners be tortured some more.”

    If you don’t understand that a regime/rogue state which has raped a sixteen year-old boy in front his father, an Iraqi general to force him to reveal intelligence, will do anything (regardless of whom it has as its titular head), there is nothing to care about. Good Germans all.

    ~~~

    BR: I lost all respect for Andrew Sullivan during the run up to the Iraq War — anyone who wasn’t a rampant hawk was unAmerican. He was a total ass, and he has been off my reading list ever since.

  9. Jojo says:

    This article from the weekend generated over 300 interesting reader comments.
    ============
    The New York Times
    April 21, 2012
    The Flight From Conversation
    By SHERRY TURKLE

    WE live in a technological universe in which we are always communicating. And yet we have sacrificed conversation for mere connection.

    At home, families sit together, texting and reading e-mail. At work executives text during board meetings. We text (and shop and go on Facebook) during classes and when we’re on dates. My students tell me about an important new skill: it involves maintaining eye contact with someone while you text someone else; it’s hard, but it can be done.

    Over the past 15 years, I’ve studied technologies of mobile connection and talked to hundreds of people of all ages and circumstances about their plugged-in lives. I’ve learned that the little devices most of us carry around are so powerful that they change not only what we do, but also who we are.

    We’ve become accustomed to a new way of being “alone together.” Technology-enabled, we are able to be with one another, and also elsewhere, connected to wherever we want to be. We want to customize our lives. We want to move in and out of where we are because the thing we value most is control over where we focus our attention. We have gotten used to the idea of being in a tribe of one, loyal to our own party.

    http://www.nytimes.com/2012/04/22/opinion/sunday/the-flight-from-conversation.html

  10. socaljoe says:

    What do you get when you combine bankers and silver markets?…

    Fractional reserve silver.

  11. BoulderPatentGuy says:

    The Doubling Rates of U.S.-China Trade Since January 1985: http://politicalcalculations.blogspot.com/2012/04/doubling-rates-of-us-china-trade-since_23.html

  12. Arequipa01 says:

    Mr. Ritholtz-

    No disagreement concerning your view of AS. However, the excerpt I placed was not his prose. It came from Slate- Larry Siems. Forgive me my inept linking.

    http://www.slate.com/articles/news_and_politics/politics/2012/04/george_w_bush_and_torture_america_s_highest_officials_are_responsible_for_the_enhanced_interrogation_of_prisoners_.single.html

    Sullivan’s asshattery doesn’t invalidate his anti-torture position. It simply reveals his flawed nature (a characteristic we all share to some extent).

    While I have your valuable attention (being very frank), consider the case of Michael Porter and his numerous appearances in Peru.

    http://www.isc.hbs.edu/pdf/20091130_Peru.pdf

    Is there some you know about capital markets that could offered in the Latin American context?

    I might know somebody who knows somebody, who’s got a brother whose best friend…etc, etc yada yada, maybe Picca was the beginning of your Andean Adventure.

  13. willid3 says:

    Greece austerity moves. not seemingly helping economy recover . and is becoming a political time bomb
    http://www.reuters.com/article/2012/04/23/us-greece-deficit-idUSBRE83M0U420120423