Hey, its Friday! Here are some reads to finish up your week with:

Santoli: Did the Promised Market Pullback Just Come, and Go? (Yahoo Finance)
• Buffett Outlining Dividend Plan May Ease Successor’s Path (Bloomberg) see also Buffett to Update His Acquisition Hunt (WSJ)
• Buy These ETFs for Higher Returns and Lower Risk (Zacks)
• Bank Bonuses: The Essential Guide (Here is the City) see also Why You Should Care About That $83 Billion Bank Subsidy (Bloomberg)
Krugman: Austerity is the Iraq War of Fiscal Policy a/k/a Ben Bernanke is a Hippie (NYT)
• H-P Discovers this Tablet Thingie (WSJ)
• Why the government backs mortgages (Los Angeles Times) see also Easing U.S., Slowly, Out of Home Financing (NYT)
• Here Come…China’s Drones (The Diplomat)
• We Suck at Probabilities (Above the Market) see also Is mathematics a vehicle for control fraud? (mathbabe)
• What If You Rammed Every Car That Cut You Off (Thought Catalog)

What are you reading?


Fed Split Over How Long To Keep Cash Spigot Open

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.

20 Responses to “10 Friday AM Reads”

  1. BennyProfane says:

    Thank you lord, for that rock from space. I never would have been exposed to the utterly fascinating world of YouTube Russian dash cams. They complete the internet.

  2. hue says:

    5 myths about the sequester: 1) blame Obambi, it’s all the WH’s idea 5) It’s all about money http://wapo.st/XrJBTt

    Wired, April 2007: How the CIA Used a Fake Sci-Fi Flick to Rescue Americans From Tehran http://bit.ly/WlyU7D

  3. idaman says:

    Mac sale growth slower than overall PC market last quarter. First time in 26 qtrs.


    This falls under fanboy debate and is meant all in good fun. (While I am an Apple shareholder, I think their products have the same productivity of regular PCs but cost 40% more. I gave my iPad to my nephew and bought a Surface. Yes, u read that correct, a Surface.)

  4. RW says:

    I love to read a good, reality-based snark in the morning (and Dean Baker can write some of the best).

    Cleaning Michael Gerson’s Clock

    Michael Gerson is upset that Democrats didn’t want to have a debt clock shown at a hearing of the Senate Finance Committee. …

    Gerson’s real complaint is that we haven’t solved problems that may occur in the decade of the 2020s, if it turns out that health care costs are still out of control [which current trends suggest they won't be] …

    Maybe we can give Gerson a clock measuring the number of ants that have crossed national boundaries anywhere in the world. It wouldn’t really have much to do with anything, but then neither does his beloved debt clock.

  5. willid3 says:

    austerity. is this the new definition for insanity.


    where if you first dont succeed the first 100 tries, try try again.
    all the time saying prosperity is just around the corner .
    but its beginning to look a lot like the long depression version of recovery

  6. hue says:

    From that Sheila Bair NYT op-ed a few days ago, Grand Ole Parity http://nyti.ms/13tpwkk

    “A report last year by Bain and Co. (yes that Bain http://bit.ly/XLdRXi) projected that by 2020 there will be $900 trillion in financial assets around the globe, chasing investments in a real economy worth only $90 trillion in gross domestic product.”

    Chasing yields and catching bubbles: look for bubbles to remain a disruptive fixture of the low interest rate global economy through the balance of the decade

  7. willid3 says:

    hm. that bog oil spill? seems that BP didnt even investigate if management had a hand in the disaster. or cost cutting.
    hm. seems par for the course, when things go wrong, its not management, its the workers who failed. see the airlines, they seem to always blame the workers for causing the failure, or bankruptcy. never mind the part that management had in it (usually almost all of it)


  8. willid3 says:

    that mortgage mess?
    seems that the non regulator the OCC, can’t even decide just how bad the mess is. its either that less than 5% of mortgages had financial harm errors, or its 97%. just depends on how many reviews you exclude

  9. MorticiaA says:


    Why you never really leave high school

  10. Francisco Bandres de Abarca says:

    It’s just that it is Moronic by Design™ in the implementation:

    News from the paths to leveraged glory front:

    As the clearinghouses are charged with collecting collateral for these swaps, it’ll be interesting to see where the liability in the eventuality of a meltdown is expected to land. (Pffft, taxpayer bailout of course!)

    An affirmation of the human heart video moment:

    Y’all take care out there!

  11. DeDude says:

    Everybody is focussing on a silly exchange between an honest public servant and an obfuscating politician trying to protect his own political career.


    But the real story (which the Police Chief mentioned in a TV interview, but I have been unable to find it in print anywhere) was that the conservative committee members walked out before parents of the murdered 6-year olds from Connecticut testified. What on earth could be more important than showing the respect and listening to the victims of this horrible violence. I sure hope that the opponents of each and every one of these cowardly scum-bags who walked out on the parents of murdered 6 year olds, will bring this up at the next election.

  12. VennData says:

    Dennis Rodman calls North Korean leader “an awesome kid”


  13. VennData says:

    “The discussion about revenue, in my view is over. It’s about taking on the spending problem,” Boehner said in a short statement to reporters after leaving the White House meeting.


    We MUST protect the home mortgage deduction for billionaires!

  14. DeDude says:

    Talking about desperate old guys who should have moved to a retirement home long time ago:


    A once brilliant journalist get so desperate for attention that he pimps a demonstrably false narrative. You would have hoped that someone respecting the guy would have told him – as a friend – that he would regret staking out the claim of being threatened by the white house. Maybe all his friends are afraid of giving him such friendly advice. Makes you wonder if there is any truth to all those undocumented supposedly insider stories this old clown has been pimping lately.

  15. Lyle says:

    Let me put a question to those who have financial assets would you “buy” a 30 year mortgage? I know I would not without a government guarantee, as the risks over that term are unknowable. In particular the interest rate risk is enormous on a 30 year fixed mortgage, in particular without significant pre-payment penalty. (All be it at todays low rates if interest rates go up, then only sales will result in pre-payments re-fis will more or less stop. ) The most I would look at is an ARM with a 5 year adjust period, i.e. the interest rate adjusts at 5,10,15,20 and 25 years. Even with the government guarantee at todays low rates long term mortgages are bad investments

  16. VennData says:

    “…Sales of new vehicles in the U.S. continued to rise in February…”


  17. Bill in SF says:

    Charles Pierce; “An intervention is sorely needed here, or a stun gun.”

    Read more: The Continuing Adventures Of Bob Woodward, Victim – Esquire http://www.esquire.com/blogs/politics/Bob_Woodward_Keeps_Digging#ixzz2MJhLqa1Y – See more at: http://www.esquire.com/blogs/politics/Bob_Woodward_Keeps_Digging?click=pp#sthash.V0jvfcL8.dpuf

    With Woodward’s appearances on Fox News, perhaps we should switch from calling it “Fox Noise” to “Fox Noose” as in ‘Give ‘em enough rope and they’ll hang themselves.’

  18. gman says:

    The bi-partisan, “very serious person”, media consensus surrounding the “debt threat/fix the debt now” is eerily similar to the Iraq war or the banks being fine consensus.

    Everyday I disagree with almost everybody talking our writing about the topic. It drives me crazy.

    Debt service for the Fed gov. as a % of gdp is at a 30yr low!



    BR: Also, Greece does not have its own currecny (let alone global reserve currency) or its own Central Bank
    You can those people off as clueless idiots.

  19. Joe Friday says:

    Mysterious “Structure” Found in Black Hole Accretion Disk

    A team of researchers working at the Astrophysical Institute of the Canary Islands has found evidence of a previously unknown structure in the accretion disk of a black hole that is part of an X-ray binary system. The structure, as they describe in their paper published in the journal Science, presents itself with a wave like movement through the disk, moving outward.

    The researchers don’t know what the structure is, but have found that it does not demonstrate periodic variation, an indication that it’s vertical, and that it is capable of hiding the black hole from view.



    Physicists have long speculated that the first step for a civilization to conquer interstellar space travel was to tap the power of a nearby black hole.


  20. Event_horizon says:

    The author of the post in the last link is confused. The car’s driver is not ramming cars because they cut him off. In Russia, obviously, corruption is high. Many drivers perform what as known in the insurance biz as the “swoop and squat”. They swerve in front of a car and then quickly slow down, in order to purposely get rear-ended (it’s easy to see this in the video). Therefore they can collect insurance money, sue for damages, etc. Hence the reason why in-dash video cameras are all the rage in Russia, to record the event for the driver’s protection. There was a special on TV about this… after the recent asteroid was documented so well on video due to the high number of the dash cams.