My morning reads:

• Root causes of currency wars (VOX)
• Layoffs continue as Wall St. retools (Los Angeles Times)
• Fidelity Reports Highest-Ever Average 401(K) Balance (Fidelity)
• THIS ALWAYS ENDS WELL: Housing Industry Pins Hopes on Obama to Soften Down-Payment Rule (Bloomberg)
• Looking for the next financial bubble? Just follow the quants. (Sober Look) see also One consequence of better-capitalised banks (The Economist)
• U.S. Shale Gas Revolution Hits Asia (The Diplomat)
• Real Risk-Takers Are the Folks at Federal Reserve (Bloomberg) see also Activism Shows Rise of Whatever-It-Takes Central Bankers (Bloomberg)
• David Fiderer says AEI’s Ed Pinto is bat shit crazy (OpEd News)
• Shark-eating seal among rare and stunning scenes documented off South Africa (GrindTV)
• HP To Adopt Android For Upcoming Mobile Devices (readwrite) see also Google Play privacy slip-up sends app buyers’ personal details to developers (ZDNet)

What are you reading?


As Nikkei Surges, Some Investors Sit Out

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.

18 Responses to “10 Thursday AM Reads”

  1. VennData says:

    Free trade between US and EU?

    It’s really Socialism! Fox will tell you! What about our rhubard farmers!? In Oklahoma, Kansas and other Red States?!


    Who was told? When did his cronies know about it? This is all about Obama’s ego!!!


  2. hue says:

    Rockefeller warden & the prison nation his policies started

    Going Dutch: NY & NJ could look at how the Netherlands deal with flooding

    I Luv your Ballot: study finds political leanings make us more attractive to online dating partner not many Carvilles & Matalins

  3. BennyProfane says:

    I would love to see Fidelity publish how much 401k loans have either fallen or risen in the the last five years.

  4. VennData says:

    Jobless Claims Fall Sharply

    “This is only because, as noted in the Atlantic-Island-based Big Picture, that people are quitting their jobs so they can’t get benefits, because they are sick of Obama’s largest tax increase in history on the Payroll taxes, income taxes, capital gains taxes, interest income taxes, and his demand to stop charitable deductions. I’m not writing any more books because of it.”

    – Jack Welch

  5. VennData says:

    U.S. Buyers Keep GM Rolling

    For now, maybe but Obama HATES the American Auto industry!!! He BANKRUPTED it. What else do you need to know?

    And how will they but how will they compete against Peugot and Citroen when France starts dumping them here TAX FREE!?

    Tax the French, not Americans!!!

  6. VennData says:

    Obama circumvents Congress as GOP refuses to pass CyberCrime Bill.

    This is a takeover by government. What about my privacy? What about the family farm where I home school my children WITHOUT a computer. Why should hard working Americans who home school without computers be effectively TAXED by Obama???

    What about the family farm that we have farmed for generations? I want to keep doing it this way. The old-fashioned way before income taxes and socialism RUINED FARMING!

  7. econimonium says:

    “Some of the trader’s colleagues have had their overall pay decline since before the crisis, he said. For some that has meant life adjustments: sending children to public schools instead of private ones, and vacationing at the Jersey shore instead of the Bahamas.

    “People are definitely adjusting to the new reality,” said the trader, who was not authorized to speak publicly.”

    Oh noes!! Traders have to *gulp* behave like other normal average Americans! What is the world coming to? Sending your kids to *public school* and, and! having to vacation at common places. Lord I feel so sorry for these guys now. I teared up.

  8. James Cameron says:


    was discussed on BP in early February. A recent piece in Politico on them appears here:

    “Pundits are very good at crafting their calls to avoid accountability,” said Ayer, who says a lot of the feedback he gets regarding the site’s prediction grades concerns “whether the pundit hedged it, whether they gave a different timeline, whether it was a bit more subjective.”

    And . . . now they’ve highlighted BR’s WAPO piece, “Here’s where I messed up. And this is what I learned” on their Facebook page:

    A compliment, to be sure, of someone who’s willing to take a hard look at his mistakes.

  9. RW says:

    Good article by David Fiderer although of course Ed Pinto is not so much bat-shit crazy as he is deeply engaged in right-wing, agnotological legerdemain AKA bullshit. This is actively supported and promoted by his host, the American Enterprise Institute, and amplified by those engaged in the same obfuscatory enterprise, the: Cato Institute, Heritage Foundation, Mercatus Center, and Heartland Foundation; a rogues gallery of think tanks dedicated to providing ‘research’ support for conservative political/policy positions, an increasingly difficult task as those positions become ever more extreme and detached from reality.

  10. VennData says:

    The Rookie

    If there’s a crisis on Jack Lew’s Treasury watch, buy gold.

    What if the Commande-rin–Chief’s only experience in the military was being AWOL? Or an Actor?

    The Wall Street Journal’s opinion page is Rupert Murdock’s cracker barrel.

  11. formerlawyer says:

    Rebuilding New York for 90-by-50?
    “Yet in a report that will be released on Thursday, the nonprofit Urban Green Council makes the case that the country’s largest population centers needn’t rely on a federal breakthrough. Specifically, the 51-page report, titled “90 by 50,” finds that New York City could slash its emissions by a whopping 90 percent by 2050 without any radical new technologies, without cutting back on creature comforts, and maybe even without breaking its budget.”

    Same old same old Wall Street?
    “Risk moves, risk morphs, but it does not disappear,” said Dan Maguire, head of swap clearing operations for swaps market clearinghouse LCH.Clearnet. “If you jam” swaps trading into a futures exchange, “it’s likely to have some stress, some unintended consequences.”

    Resource curse?

  12. Francisco Bandres de Abarca says:

    Spain’s Bankia shares fall 22 percent as big dilution looms:

    Hmmm . . . ripples upon the surface of a pond?

  13. hue says:

    minimum wage. remember this story, skills don’t pay the bills the hybrid machinist and computer programmer starting at 10 bucks an hour. heya!

  14. S Brennan says:

    Elon cries foul* after David Broder lies in a salaciously detailed article in the New York Times.

    Yes, David Broder should be fired immediately, not defended by the New York Times editorial staff, but let’s recall all the lies that the New York Time has published in the Iraq & Libyan wars of aggression.

    The New York Times may be seeking to destroy Musk’s company through a series of lies, but isn’t that better than when the New York Times lies in order to have tens of thousands murdered in Africa by destroying a country?

    The New York Times sells opinions…YOURS…by manipulating the facts that get delivered to you, this is what FOX news does, maybe a different shade, but the same MO…and the same disrespect for those who are trying to be an informed citizenry.

    *and has the cars computer logs to prove David Broder of the New York Times lied repeatedly and in great detail.

  15. Gnatman says:

    The growing impact of Latinos in the US is chronicled in this article from the CEO of Latin Alliance.

    Reading about the status of available pension assets that EBRI estimates for whites, blacks and Latinos, the later are showing a lower balance in retirement accounts than other groups. Shows a great untapped cohort of future investors.