My afternoon train reading:
• Recovery Sign: More People Are Quitting Their Jobs (CNBC)
• Underwater Homes Remain a Dark Spot in the Recovery (The Fiscal Times) see also Pipe-Swipers Take Toilets as U.S. Homes With Plumbing Ebb (Bloomberg)
• Martin Wolf: The case for helicopter money (FT.com)
• Investors Use Bond ETFs to Sidestep Broken Fixed-Income Markets (Institutional Investor)
• Buffett’s Favorite Valuation Metric Surges Over the 100% Level (Pragmatic Capitalsim)
• Should the Fed pop bubbles by raising interest rates? (WonkBlog)
• The economics of 2033 (World Economic Forum)
• Can We Stabilize the Debt with Just $670 Billion in Deficit Reduction? (Next New Deal) see also Deficit-reduction disorder (The Economist)
• Island Hoping in the Galapagos (World Property Channel)
• Empire Military Errors: Inside the Battle of Hoth (Wired)
What are you reading?
Borrowing: Key to Recession and Recovery
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.
No Kids, No Booze, No Pets: Inside North Dakota’s Largest Man Camp
Should the Fed pop bubbles by raising interest rates? Obviously not while they are in the middle of blowing the bubble, that would be counter-productive.
“If the underlying economic environment creates a strong incentive for financial institutions to, say, take on more credit risk in a reach for yield, it is unlikely that regulatory tools can completely contain this behavior.”
They can’t contain the reach for yield, but they can promote it with low rates?
shale is expensive to make.
Thanks for Battle of Hoth link. That was definitely worth a click.
Pipe-Swipers Take Toilets as U.S. Homes With Plumbing Ebb (Bloomberg)
Talk about your plenty, talk about your ills
One man gathers what another man spills
What are you having for dinner????????
http://www.businessinsider.com/facts-about-beef-2013-2?op=1
Approximately 80% of the antibiotics used in this country are fed to meat producing animals. Antibiotics are routinely fed to animals at low levels and antibiotics makes the animals put on weight faster. This kind of use of antibiotics isn’t allowed in Europe. The way it is done (using low levels of antibiotics for long periods of time) is an ideal situation to promote resistant bugs, which are now common in hospitals.
the SEC….sellouts just like every one else?
http://www.marketwatch.com/story/sellouts-run-the-sec-like-everything-else-2013-02-13?siteid=rss&rss=1
HP continues it’s game of blind man’s buff by building Android tablets.
http://bgr.com/2013/02/13/hp-android-tablet-smartphone-rumor-326585/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBoyGeniusReport+%28BGR+%7C+Boy+Genius+Report%29
Thought best comment was:
HAHA. Here’s the last 18 months of HP.
We’re Phones and tablets.
Forget Phones, here’s our tablet.
Forget Tablets.
We’re not going to make computers anymore.
CEO Your fired.
We’re making computers again.
Hey What about phones and tablets.
is it really important to stabilize the debt?
when?
at what level?
http://jaredbernsteinblog.com/is-it-really-important-to-stabilize-the-public-debt-and-if-so-when-and-at-what-level/
are we really sure about that?
Kind of suprising the minimum wage proposal didn’t get much press.
Imagine the circular reference that will occur with the Fed targeting 2-2.5% inflation.
http://www.nytimes.com/2013/02/13/us/politics/obama-pushes-for-increase-in-federal-minimum-wage.html?_r=0
inheritance tax is good policy
http://spectator.co.uk/features/269796/listen-to-adam-smith-inheritance-tax-is-good/
after not taxing it leads to less work by those who inherit, they are more likely to retire early, have children who are less likely to achieve their potential.
As U.S. gasoline prices soar, hedge fund oil bets near record
A cab driver said he was convinced the price would be just $1 a gallon if the government “stopped Wall Street trading oil.”
http://www.reuters.com/article/2013/02/12/us-oil-speculators-gasoline-idUSBRE91B1L520130212
Well, that’s an interesting take. If he really believes that then he should buy stock in Wall Street.
Some thoughts on what a minimum wage really is from posted over at ZH:
http://www.zerohedge.com/contributed/2013-02-13/job-openings-minimum-wage-and-being-middle-class
Pipe-Swipers Take Toilets as U.S. Homes With Plumbing Ebb (Bloomberg)
This has been going on for 30 years, I had a furnace walk out of a building 30 years ago.
Bill Heaney forgets to mention bricks, which are routinely reclaimed a mile or so down the road from his building.
Actually, the thieves and the sheenys are providing a service as tracts of land are growing to the point where useful swaths of acreage are forming together from vacated lots.
http://money.cnn.com/2009/12/29/news/economy/farming_detroit.fortune/index.htm