My morning reads:

• Wanna Make Real Money? Buy Risk (MarketBeat)
• Head Wind Into Tail Wind? (Barron’s) but see also Bull market or prelude to a bust? (msn Money)
• “We Are Doneski Gorgeous!” – How Bond Trading On Wall Street Really Works (Zero Hedge)
• The only chart you need on the GDP report (WONKBLOG) see also Why Did Economists Get GDP Wrong? (Real Time Economics)
• A Market-Cop Image May Be Challenged (WSJ)
• Is the Refi ‘Apocalypse’ Really Upon Us? (Realty Check)
• Growth Stall Obscures U.S. Consumer, Business Gains: Economy (Bloomberg) see also Will the “Real” GDP Please Stand Up? (The Deflator Makes Big a Difference) (Advisor Perspectives)
• Pentagon’s budget nightmare: How each branch would handle sequester cuts (Christian Science Monitor)
• Peak Mac? (SplatF) see also Apple still strong on campus, but Android chipping away (USA Today)
• Today’s tech boom is just the beginning (TechBiz)

What are you reading?


The only chart you need on the GDP report

Source: Washington Post

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.

16 Responses to “10 Thursday AM Reads”

  1. Oral Hazard says:

    The problem seems to be the way the law defined affordable.

    Congress said affordable coverage can’t cost more than 9.5 percent of family income. People with coverage the law considers affordable cannot get subsidies to go into the new insurance markets. The purpose of that restriction was to prevent a stampede away from employer coverage.

    Congress went on to say that what counts as affordable is keyed to the cost of self-only coverage offered to an individual worker, not his or her family. A typical workplace plan costs about $5,600 for an individual worker. But the cost of family coverage is nearly three times higher, about $15,700, according to the Kaiser Family Foundation.

  2. James Cameron says:

    And the fees are cheaper.

    Cat outperforms professionals in stock market

  3. ZedLoch says:

    TIL of roughtly $900 billion in student loans, 1/3 of are “sub-prime” and 1/3 of those are delinquent:

  4. Ramstone says:

    I’ve had a 5.25 30-year fixed since 2009. Here are the lenders who’ve contacted me out refinancing — via phone, e-mail, or scattershot DM…

    1. ______

    TBTF is good at picking low-hanging fruit. God forbid they might need to use some elbow grease.

  5. willid3 says:

    and for the average worker, who earns some place between 30,000 and 50,000, that 15,700 plan isn’t even an option. here in lies the problem with the plans to just send a voucher to cover health insurance costs to Medicare (and the seeming solution of removing the current exemption on health insurance for employees). the elderly would cost much more if it were even available, which its not, because that was the reason medicare was created. and they as a rule make a lot less, and have a lot more health problems. for the rest of us. how many of us can afford to pay 15,000 for health insurance? and then pay fr copays when we need care? and then pay for drugs?

  6. VennData says:

    “…You can’t just come out and say something like that versus a champion,” James said. “No one knows what it takes unless you’ve done it. You can’t sit here and judge and talk about a team winning a championship unless you’ve done it. (Evans) hasn’t done it…”

    Go back to Cleveland and win your championship.

    Also, if your logic were to be applied uniformly, then your comments on physics, musics, movies, and anything you ever say about women are meaningless. That’s why you’re a dumb jock. Congrats on being peevish (that’s a big word.)

    Your media image will never be remade picking apart everyone who disses you, because there are too many.

    No amount of ads portraying you as some “nice guy” at a barbershop will make you anything more than a hired gun. Enjoy.

  7. VennData says:

    Standoff in Alabama Kidnapping Continues…

    He holding law enforcement at bay with a knife? Oh, he isn’t? Huh. What’s he using?

  8. rd says:

    In case people were looking for more reasons why US college tuitions are outrageously high:

  9. farmera1 says:

    Bill Gross, SuperNovas, Credit Explosions and Minsky

    Good read, but is there a way out now? Not so much short of shit hitting the fan.

  10. VennData says:

    U.S. Sues to Halt Takeover of Modelo

    “…The Justice Department filed suit Thursday to block Anheuser-Busch InBev NV’s $20.1 billion deal to buy Grupo Modelo SAB, saying U.S. consumers would suffer harm if the makers of Bud Light and Corona Extra merged….”

    I assume that they mean f they merged we get more of these shit beers.


  11. willid3 says:

    has any body found out what cloud computing is? i have been in It for a few decades. and i have yet to find a good definition of it. unlike all of the other types of IT.

  12. willid3 says:

    some thing not made clear back in the cliff mess.

    “The increase in the payroll tax has undoubtedly dampened consumers’ spirits and it may take a while for confidence to rebound and consumers to recover from their initial paycheck shock,” Lynn Franco, director of economic indicators at The Conference Board, said in a statement.
    One of the more interesting anecdotes I picked up last week was from a businessman who said that after his firm issued the first paychecks of the year, virtually every employee came to the payroll office and asked why their paychecks were lower, evidently unaware that the payroll tax cut had expired.

    If the expiration does come as a surprise to a large proportion of the workforce, perhaps consumer spending in the first quarter will be somewhat softer than current estimates. Something to watch fo

    wasn’t there supposed to be no impact to the majority of us?

    seems like a few folks noticed that this wasn’t the case.

    but many just ignored it because it only impacted the working stiff, who turns out to be the biggest job creator because they buy stuff.

  13. ilsm says:

    The WashPost chart must have been developed over in the pentagon.

    The non-cut 5% of annual GDP from war spending slowed the economy by 1.3%.

    The war department was cut 30%? Hardly. The pentagon has been obligating like it is 2012.

    What is lower Q4: 1) major weapons’ deliveries (see the GAO they are always late and under performing) to defense declined relative to Q3, 2) supplies and services for things related to Iraq are no longer dragging down the economy. Both of these are facts of life. Related to welfare for war profiteers.

    What did not decline: 1) military pay and benefits, civilian pay and benefits, and contracted services did not decline.

    The pentagon obligations don’t get into GDP until things are ‘delivered’ and the contract yields checks to the vendors, or in case of soldiers and civilian employees pay checks.

  14. Greg0658 says:

    islm your last line reminded me on Q4 negGDP one thing I haven’t seen .. I spent 1 of 2 gift cards yesterday from our family Dec24th exchange