My early morning reads:

•  Josh’s Notes from the Ira Sohn Conference 2012 (TRB) see also Hedge-Fund Stars Come Out (WSJ)
• Indians’ affinity for gold pushing country into debt (Washington Post)
Clive Crook: If Greece Quits Euro, Its Ruin Will Be Pointless (Bloomberg)
• Why China’s RMB exodus IS the story ( see also China Slowdown to End in Third Quarter, Survey Shows (Bloomberg)
• JP Morgan investment unit played by different high-risk rules (IFR)
Good money after bad: CalPERS and the crisis in venture capital (89.3KPCC)
Baum: Bond Market May Not Warn When Debt Crisis Strikes (Bloomberg)
• Facebook: The smart money exits (Reuters) see also Rich Karlgaard: The Future Is More Than Facebook (WSJ)
• WTF? Doubt Cast on the ‘Good’ in ‘Good Cholesterol’ (NYT) Damn! I have tons of the good stuff!
• A.G., U.S. Attorney Headline White Collar Crime Institute (Corporate Counsel)

What are you reading?

Euro Zone by the Numbers

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.

11 Responses to “10 Thursday AM Reads”

  1. VennData says:

    G.O.P. ‘Super PAC’ Weighs Hard-Line Attack on Obama

    No wonder Rickett’s bought the Cubs, he has an affinity for losing.

  2. willid3 says:

    the EU problems aren’t what we are being told

    we are constantly told

    the problem in Europe is profligate spending by the crisis countries. The fact that this is not true apparently does not concern the paper.

    Fans of arithmetic know that Italy’s debt to GDP ratio, although high, was actually declining in the years just before the crisis. Spain and Ireland were both running budget surpluses. So this story does not fit the facts.

    What did happen was that these countries, especially Spain and Ireland, had unsustainable housing bubbles that were fueled by foolish bankers in Germany and elsewhere in northern Europe. The bubble is the story of the crisis in these countries, not profligate government spending.

    is the repeat election in Greece another EU referendum?
    and will it be any different?
    after all, nobody seems to be able to convince them that they will be better off with austerity and the EU?
    and its sounds a lot like EU politicians are trying to black mail the Greeks?
    Senior European leaders are attempting to turn Greece’s repeat national election next month into a referendum on the country’s membership of the euro, a high-stakes political gamble that officials believe can win back voters disillusioned by the tough bailout conditions but eager to stay in the single currency.

    José Manuel Barroso, president of the European Commission, made the choice clear on Wednesday, telling Greek voters the €174bn rescue programme would not be changed and that remaining in the eurozone was now in their hands…

    …“The next election is going to be a sort of referendum election,” said one eurozone finance minister. “We are going to convey very clearly to the Greek people that if there is no stable government to implement the conditions of the programme then we are going to have difficulties and are going to have to adopt plan B.”

    European policymakers fail to understand that they have provided the Greek people no way out – they are damned if they do, damned if they don’t. Even if the Greeks overwhelming want to remain in the Euro, the austerity program guarantees ongoing recession, and the Greek people are being asked to commit to a program that is effectively already overtaken by events.
    London’s view
    “Either Europe has a committed, stable, successful eurozone with an effective firewall, well-capitalised and regulated banks, a system of fiscal burden sharing and supportive monetary policy across the eurozone or we are in uncharted territory which carries huge risks for everyone.”

    the EU solutions
    Way to stay ahead of the central banking curve! Maybe if ECB members just close their eyes, tap their heels together, and softly whisper “there’s no place like home,” the crisis will come to a sudden end.

    Hey, it works in the movies.

  3. reedsch says:

    It would be a damn shame to see TED muzzled.–and-ted-is-refusing-to-post-it-2012-5?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2Falleyinsider%2Fsilicon_alley_insider+%28Silicon+Alley+Insider%29

    Of course we need investment, but isn’t it intuitively obvious that there is some upper limit to how many investment dollars the economy really needs? We’re talking about making money using only money.

    And I for one will be happy when Mr. Zuckerberg’s 15 minutes are over.

  4. DSS10 says:

    Reading that the 30 year yield at 2.86 tells a story for sure….

  5. Mike in Nola says:

    @reedsch: how is TED funded? That probably gives the answer.

  6. Mike in Nola says:

    Why does Blooberg publish surveys of economists? And why does Barry link to them, except for their possible comedic value?

  7. RW says:

    Four Charts – Jared Bernstein: We live in ‘interesting’ times.

    WRT “good” vs. “bad” cholesterol, this article was thought provoking: Heart Surgeon Speaks Out On What Really Causes Heart Disease; short answer, any cholesterol will stick to an inflamed blood vessel wall and it is that inflamation and its causes that constitute the real problem.

  8. dave says:

    The FT story on the Chinese RMB exodus is pretty interesting–thanks. But I had to chuckle (cry?) after reading the author’s second to the last sentence, “Forget about Greece and the euro, China’s capital outflow problem is the real ticking time-bomb for the markets”. If I had a nickel for every time I’ve read something similar over the last month, such as: 1) Greece is the time-bomb…, 2) Spain and their banks are the time bomb…, 3) Italy and its trillion euro debt is the time bomb……no, 4) China and its slowing GDP is the time bomb…, 5) Japan and their demographics/debt/GDP ratio is the time bomb……no, 6) Fukushima is (literally) the time-bomb……no 7) the U.S. fiscal cliff is the time bomb. I get dizzy just keeping track of all of these time bombs/black swans! (FWIW: IMHO Massive brown outs this summer in the U.S. due to record heat waves is THE time bomb :-) ).

  9. AHodge says:

    olivier Blanchard IMF Chief Economist gave a talk today
    pretty good on economics and BOP and currency
    but annoying as usual on baniking
    blaming all credit shortages on Rogoff Reinhart banking crisis aftermath
    and Multple Equilibria problems
    a fancy pants way of saying its all liquidity, and he is a fancy pants guy
    refused to consider solvency and fake assets seriously
    and in particular said Spain has done all it needs to
    thee market is just being irrational not liking the latest rescue
    there is only a confidence liquidity problem for spain now
    for those trading spain, possibly me
    you can read this as no further govt rescue announcements for spain esp through the weekend
    unless there is a catastrophy? happy trading…

  10. AHodge says:

    as a likelong geek statistician and health nut
    this could easuly be medical research silliness
    they say there is some small correlation of HDL to a gene
    and there is no difference in the gene marker to heart disease?
    think about that– its easy to show not sufficient evidence with BS like that
    at the same time they say strong correlation on the basic HDL to heart disease
    who cares what gene you start with –just keep taking niacin i do
    its also great for hangovers and incipient alcoholism