Some longer reads for your Sunday morning:

• Madness in Spain Lingers as Ireland Chases Recovery (Bloomberg)
• How McDonald’s Came Back Bigger Than Ever (NYT Magazine)
• Facebook Hits The Maggot Mile (I ♥ Wall Street)
• Life after Investment Banking (Wall Street Oasis)
• Don’t be this “trader” (Trader Habits)
Why Zero Tolerance Fails: Walla Walla, WA, tries new approach to school discipline — suspensions drop 85% (Aces Too High)
• Against Chairs (Jacobin Mag)
• Five Reasons Robot Sex Partners Won’t End Human Trafficking (Technology Review)
• Seat of Power: ‘The Passage of Power,’ Robert Caro’s New L.B.J. Book (NYTRB)
• NBC: With Friends Like These (VF)

What are you doing with yourself today?


For Job Gauges, Never the Twain Shall Meet

Source: WSJ

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 Sunday Reads”

  1. farmera1 says:

    The Fraud Recipe for CEO’s, Why Banks Hate Free Markets and Love Crony Capitalism, and the Dysmal Legacy of Mainstream Economists

    Good summation of how the banks and regulators got us into the economic mess. Black names three examples of key players of great influence that got us into the mess: Greenspan, Fischel and Mankiw.

    Here are a couple of quotes I especially found, shall we say interesting:

    “Bill Black’s Recipe for Bankers to become Billionaires: 1. Grow massively, 2. By making very poor quality loans at high rates of interest, 3. Use extreme leverage (high corporate debt), and 4. Set aside virtually no loss reserves for the massive losses that will be coming. If you do these four things, you are mathematically guaranteed to report record short-term income. ”

    “The dominant economists are truly terrible at one thing; They are terrible at economics. Occasionally they go beyond economics and they are abysmal on ethics”

  2. ConscienceofaConservative says:

    Bronte Capital on Long Term care insurance and Mr. Buffett.

  3. rktbrkr says:

    The ultimate zombie bank, Ditech->GMAC finance->Ally. All those shallow buried mortgages are going to spring up and start shuffling around the front pages of financial publications.

  4. rktbrkr says:

    How to muddy your tracks online.
    I downloaded “Do not Track Plus”, there will often be a dozen trackers, ads and misc snoopers. Creepy. I’m expecting name suggestions for the next baby.

    More comprehensive solutions require more work and fees and I don’t know if the genie can be put back in the bottle.

  5. mark says:

    What will it take to kill the “Irish Miracle Recovery Through Austerity” zombie? Krugman has shot it in the head over and over and it refuses to die:

  6. Jojo says:

    Pretty soon FB will be listing the names and ages of all your family members! [lol]
    Beware: Facebook Messenger Reveals Locations, Introduces Read Confirmations

  7. GabrielN says:

    Great selection today, Barry. Nice curating.