My afternoon train reading:

• Greek politicians ♥ Spanish bank bailout (FT Alphaville)
• Rating agencies don’t have to lie to be liable (Reuters)
• Time to Embrace Market Risk, or To Run From It? (WSJ) see also Bond Bubble Dismissed as Low Yields Echo Pimco’s New Normal (Bloomberg)
• Farrell: Everything you know about economics is wrong — Why the Myth of Perpetual Growth is killing America (Marketwatch)
• Viewing Financial Crimes as Economic Homicide (DealBook)
• The future of hedge funds (Reuters)
• U.S. government to use ‘drones the size of GOLF BALLS to spy on AMERICAN citizens’ (Mail Online)
• Murdoch demanded I change policy: John Major (AFP)
• Dr. Seuss does Star Wars (Art, son of Adam!)
• The Beatles’ first visit to EMI, part 1 (OUP Blog)

What are you reading?


Days of Wild User Growth Appear Over at Facebook

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.

9 Responses to “10 Tuesday PM Reads”

  1. VennData says:

    I DEMAND that candidates submit to genetic purity tests…

    …we’ll follow Orly Taitz, Donald Trump, et al and the start the right wing Zygote movement!

    Go Orly!

  2. VennData says:

    KKK Wants to “Adopt a Highway”

    …speaking of genetic purity…

  3. digistar says:

    Farrell: “Everything you know about economics is wrong — Why the Myth of Perpetual Growth is killing” the Earth.

    Sad and true.

  4. rktbrkr says:

    Does the Spanish non-bailout bailout mean that Greece will be able to squeeze more out of the blue-eyed Euros or does it make it more likely the Euro wagons will be circled tighter with the Greeks on the outside looking in? The Euro zone cuts their losses with Greece and keeps more of their powder dry to try to save Spain and avoid another, bigger non-bailout bailout of Italy

  5. PeterR says:

    Ah, Mr. Farrell strikes a chord once again (Marketwatch link).

    My how our myths blind!

    Mythtical thinking is a mythtery to behold?

  6. Scott Bell says:

    Fantastic list today, sir.

  7. mad97123 says:

    Bond Bubble Dismissed as Low Yields Echo Pimco’s New Normal

    Several times we read that low yields reflect fear and not greed, so this can’t be a bubble. Good luck with that logic.

    The desire to preserve principal is still greed. It may take a long time, but there can be not doubt that all that principal will not be preserved when rates eventually rise.

  8. Rookie says:

    Had no idea what fruitloop Farrell was saying. Did he make an argument? Did he give any facts? Or, did he just rant? Seriously.

    He had a good subject. We bake growth into everything because we constantly print money (and, now, monetize debt). That will insure ‘growth’ but it definitely isn’t real. If you want growth remove government restriction and redistribution of wealth. I’m not sure we want out of control growth because we don’t want unchecked capitalism – some regulation is important. But, yes, the way we are headed (toward a western Euro-style government), we will most definitely have no growth.