My election day afternoon train reads:

Sheila Bair: Want to fix Congress? Let’s institute pay for performance (Fortune)
• Athens grinds to a halt (FT Alphaville)
• Earnings Season Ugly All Around (MarketBeat)
• Surveying Sandy’s Damage to Staten Island One Week Later (Curbed)
• Wall Street overwhelmingly backs Romney (CNN Money) see also Jacob Lew: The Man Who Could Save Obama’s Legacy (National Journal)
The view from Germany: America Has Already Lost Tuesday’s Election (Spiegel Online)
• Late Poll Gains for Obama Leave Romney With Longer Odds (Five Thirty Eight) see also Clues to Obama-Romney Outcome Lie in Three Eastern States (Bloomberg)
• 10 things presidential candidates won’t say (MarketWatch)
Hilarious! The Onion’s Stockwatch (The Onion)
• Is Nate Silver a Witch? (INSaW)

What are you reading?


In Sandy’s Wake, Demand Worries

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.

12 Responses to “10 Tuesday PM Reads”

  1. Frwip says:

    I take the Spiegel article as a contrary indicator.

    It’s not we’re-number-1 foam finger waving but a general observation that whenever the German start to notice something outside their area of actual expertise, it means that the trend has already completely exhausted its course.

    So, that’s good news. If the German start blabbering about American decline in somewhat superior tones, it means the country has already hit bottom. Very good years ahead for America.

  2. Mike in Nola says:

    I like the “Is Nate Silver a Witch?”

    It’s amazing how strongly people feel about his predictions, either celebrating them or trying to poke holes in his methods, as if he is controlling the election instead of observing the process.

    Saw an interesting thing on Fox News while I was at the gym a couple of hours ago. I never put on the sound but Newt Gingrich was the guest and the headline on the screen was something to the effect of: “New Questions about the role of the Media in the 2012 Elections.” I don’t know if it was just general CYA or if they are getting bad news from the demographics of exit polls, i.e. not enough old white voters. It can never be “we just lost.” Maybe they didn’t lose. If they did, we’ll have to listen to conspiracy theories for four years.

  3. Mike in Nola says:

    Interesting point being made on Sky News about how media coverage is flipped in the UK from the coverage in the States.

    In the US, the newspapers are relatively neutral and you can’t really tell which way the paper leans from looking at the front page. It’s the TV that’s pretty partisan. In the UK, it’s the opposite, with very partisan front pages and pretty staid coverage on TV.

  4. Roanman says:

    Regarding the 10 things presidential candidates won’t say.

    1. “I’m powerless to change the economy.”

    I don’t believe that one, although increasingly I believe that anybody with the will to change the economy is powerless to get nominated.

  5. perpetual_neophyte says:

    re: Pay for performance with Congress.

    I like the broad concept, but someone should explain to Sheila Bair how US Treasury interest rates work in the modern US monetary system. If you want to see Congressional and political bullying of the Federal Reserve in real force, tie Congressional compensation to US Treasury yields.

  6. GoBigRed says:

    I am reading The Fine Print: How Big Companies Use “Plain English” To Rob You Blind. If you want to know why Warren Buffet buys railroads instead of teck companies, this will help explain. Should be required reading before being allowed to vote. It’s especially instructive for naive libertarians who make wonderful sounding assumptions about how markets work ( say Tyler Cowen and his sycophant students reading the Margional REvolution blog of his or just about anyone from the University of Chicago economics department.

  7. Bob is still unemployed   says:

    ‘Tis a shame other commentators seem to be hung up on the presumed ~America in decline~ aspect of the Spiegel article and, in doing so, miss the point of the article.

    The article merely highlights, and gives examples of, the fact that there are now two Americas — one for the elite and one for the masses.

    The America for the elite works, the America for the masses does not.

  8. Mike in Nola says:

    Maybe he is a witch.

  9. uzer says:

    @Bob is still unemployed

    is it ironic then that the elite are the parasites and the masses are the workers?