My morning reads:
• High-Frequency Trading Prospers at Expense of Everyone (Bloomberg)
• Alpha, Beta, and Now … Gamma (Morningstar) see also Don’t Mistake Investing Folklore for Personalized Advice (Bucks)
• Mr. Incompetent, the Economy Wrecker Alan Greenspan, Was Central to the Formation of the Campaign to Fix the Debt (CEPR)
• Distressed Bets Paying Off (WSJ) see also ‘Shadow’ Overhyped as Housing Threat (WSJ)
• Central Banks Can Phase in Nominal GDP Targets without Losing the Inflation Anchor (Jeff Frankels Weblog)
• Google Apps Challenging Microsoft in Business (NYT)
• For Republicans, it’s not about deficit reduction (Wonkblog) see also Weird Turn On Fiscal Cliff: GOP Plan Would Hike Taxes On Working Class So High-Income People Can Pay Less (Forbes)
• WTF? David Koch Now Taking Aim at Hurricane Sandy Victims (The Nation)
• How does a traffic cop ticket a driverless car? (New Scientist) see also Google Designing ‘X Phone’ to Rival Apple, Samsung (WSJ)
• Rhinos and elephants: the secret lives of Africa’s giants (BBC Nature)
What are you reading?
Apple vs. Google vs. Facebook vs. Amazon
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.