My morning reads:

• The Best 10 Economics Papers of 2012 (Andres Marroquin)
• A Fed Focused on the Value of Clarity (NYT) see also The Fed’s New, Squishy Inflation Target (Iacono Research)
• The Great Migration of the 21st Century (Rick Bookstaber)
• The mandate is willing but the tools are weak (The Economist) see also Ben Bernanke’s Federal Reserve Is Boring Again (The Daily Beast)
• The Future Of Mobile (Business Insider)
• Home Seizures Rise as Banks Adjust to Foreclosure Flow (Bloomberg) see also For-Sale Signs Sprout in Heartland (WSJ)
• High-Tech Factories Built to Be Engines of Innovation (NYT)
• Revenue Rises, Deficit Falls: Fiscal Cliff Gets Credit (NYT) see also As Fiscal Cliff Nears, Democrats Have Public Opinion on Their Side (Pew Research Center)
• 110 Predictions For the Next 110 Years (Popular Mechanics)
• When government does things better than private enterprise (LA Times)

What are you doing this weekend?

 

Big Bank Money-laundering Settlements

Source: The Economist

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 Friday AM Reads”

  1. AHodge says:

    way up in unintended humor from reuters

    Bank of America CEO Moynihan: Don’t be quick to ditch Fannie and Freddie

    Regulatory uncertainty is holding back the return of private capital to the mortgage market, Moynihan said. But he cautioned that Fannie and Freddie should not be eliminated without first building a housing finance system for the future.

    government withdrawal that goes too far would put homeownership out of reach for many borrowers.

    “I don’t think changing Fannie and Freddie in some abrupt fashion is wise policy,” he said. “We need Fannie and Freddie. They are critical to the transition.”

    we want to eliminate regulatory uncertainty but apparently not have govt withdrawal
    got to love it also a good pic with a sheen of sweat on his face
    the mortgage servicer he sold my GD mortgage to Seterus is dickig me around as much as he did
    i would like to burn his bldg down
    with due concern for whether he is in it or not

  2. Mike in Nola says:

    Apple’s problem in emerging markets.

    http://bgr.com/2012/10/02/apples-big-headache-in-emerging-markets/

    If you keep up with the mobile news, you can see this trend. Samsung, HTC, Huawei are all selling cheap android phones by the bucketful. Nokia is taking lots of criticism for introducing cheaper models that will never get here instead of concentrating on the US, but they know how hard it is here to market under the carrier monopoly. Instead, they have been concentrating on Europe in the higher end and the emerging markets on the low end. India is a big battleground, with enough people wanting a better phone but not being able to afford something like the iPhone or Android flagships. The growth potential is in the emerging countries.

  3. The Window Washer says:

    Per the LA Times Article,
    The writer should have just said pointed and yelled “Christie is a big fatty fatty bombilaty. We all know fat people are stupid!”
    I was talking to a lifetime democrat yesterday, Christie has them scared. He said “Message wise making fun of Christie’s weight is the same as Romney’s 47% comments. And the progressive side of the Democratic Party hates fat people more than anyone else.” Then he pause and said if the dems run someone like Obama in 16 against Christie he’d think long and hard about voting Republican for the first time.
    This should be interesting:
    Christie can be the next president by doing one thing. If he loses a hundred pounds in 2 years he’ll impress every out of shape American and eliminate the progressive side of the Democratic Party

  4. VennData says:

    With mere days to ‘doomsday,’ scientists call for calm

    http://www.foxnews.com/science/2012/12/11/with-mere-days-to-doomsday-scientists-call-for-calm/#ixzz2F3YTjLAW

    When did Fox suddenly get on this scientists kick? And how do they square this with their numerous other opinions?

    Is immigrant Murdock going to make peace with science?

  5. Biffah Bacon says:

    @thewindowwasher I think there is a lot more nuance possible here. Christie was brave enough to honk off the GOP’s Bircher wing by dealing with Obama on a man to man level and they both shined. Lindsey Graham used to be a grown up Honey Boo Boo Senator but his whole family lost weight-but didn’t gain any progressive supporters with his coded Dixiecrat talk despite being at his fightin’ weight. See a difference?
    The other Christie advantage is that although he still believes in evil policies that harm people, he at least gives the impression that he could be turned to the light side of the force or make a pragmatic bargain.

  6. Giovanni says:

    re: Popular Mechanics predictions- Cool stuff but I’m still waiting for my flying car.

    My thoughts and prayers are with the parents of the children.

  7. Mike in Nola says:

    Mark in H-Town:

    I really don’t think the patent ruling will make a lot of diff. Hard to believe an injunction would issue any time soon and they might be able to rewrite the software in the maintime. Obviously they can afford any fine. This is what MSFT did in a patent case where they were ordered to pay a few hundred million but had written whatever it was in office that was causing the problem before payment came due.

    On the 810, I stopped by the MSFT Store in the Galleria the other morning. The 810, 822 and whatever all weren’t bad. The screens aren’t high res, but the contrast and brightness are so good that you barely notice. I may be influenced by the fact that it’s the same res I’m using now. They do have the advantage of being expandable both in memory and battery. I would not be surprised if someone soon comes out with a bigger battery and a cover to hide it, just like for my HTC Touch Pro 2.

    The 920 was big, but I could handle it. It is pretty, although I do think the HTC 8x is prettier and feels better in the hand. No built in navigation app though. Really tees me off about MSFT. My HTC Windows Mobile had a very good, free Bing search and voice navigation app that would also do voice searches. All about 3 years ago. They killed it when Win Phone 7 came out along with a free phone backup service that sent things to skydrive. I suppose it was a rather clumsy attempt to push people to Windows Phone 7. We can see how successful that was. What’s stupid is that they never replaced the app or the backup server in WP7. You have to wonder who is running the show over there when they can’t supply a simple navigation app.