My afternoon train reads:

• Ray Dalio went into this year even more bullish than we thought (Reuters)
• Dismal Science Takes Dim View of Dow ‘Record’ (WSJ) see also Your sequestered brain can’t see next crash coming (MarketWatch)
• This is America, Now: The Dow Hits a Record High With Household Income at a Decade Low (The Atlantic)
• Bank of America’s Legal Gambit: Keeping Reserves Low (ProPublica)
• Viral Video Shows the Extent of U.S. Wealth Inequality (Mashable) see also Wait, wealth inequality the new Harlem Shake? (Yahoo)
• Foreclosure Sales and and Short Sales Account for 43% of U.S. Residential Sales in 2012 (RealtyTrac) see also Better to Buy Bank Owned or Short Sale? (RealtyTrak)
• Barofsky: The Geithner Doctrine (Linkedin)
• People Writing for Free on the Internet Is an Enormous Boon to Society (Slate)
• The Google Glass feature no one is talking about (creative good) see also 2010 Microsoft Wrote Some Checks That 2013 Microsoft Can’t Cash (TechCrunch)
• Shipwreck may contain near-mythical Viking navigation aid (The Raw Story)

What are you reading?


Inflation Adjusted Dow ‘Record’

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.

11 Responses to “10 Midweek PM Reads”

  1. Jojo says:

    March 6, 2013
    Jobs to Fill, Employers Wait for Perfection

    American employers have a variety of job vacancies, piles of cash and countless well-qualified candidates. But despite a slowly improving economy, many companies remain reluctant to actually hire, stringing job applicants along for weeks or months before they make a decision.

    If they ever do.

    The number of job openings has increased to levels not seen since the height of the financial crisis, but vacancies are staying unfilled much longer than they used to — an average of 23 business days today compared to a low of 15 in mid-2009, according to a new measure of Labor Department data by the economists Steven J. Davis, Jason Faberman and John Haltiwanger.

  2. Jojo says:

    CDC sounds alarm on deadly, untreatable superbugs
    Deadly bacteria that defy drugs of last resort

    A new family of antibiotic-resistant bacteria, known as CRE, is raising concerns across the medical community because of its ability to cause infections that defy even the strongest antibiotics. The antibiotic resistance is spread by mobile pieces of DNA that can move between different species of bacteria, creating new, drug-defying bugs.

    March 5, 2013

    A family of “nightmare” superbugs — untreatable and often deadly — is spreading through hospitals across the USA, and doctors fear that it may soon be too late to stop them, senior health officials said Tuesday.

    “These are nightmare bacteria that present a triple threat,” said Thomas Frieden, director of the Centers for Disease Control and Prevention. “They’re resistant to nearly all antibiotics. They have high mortality rates, killing half of people with serious infections. And they can spread their resistance to other bacteria.”

  3. MikeNY says:

    Fantastic video on wealth inequality.

    Appalling, but fantastic.

  4. WFTA says:

    Just show that at the next Tea Party get-together.

  5. willid3 says:

    hm…we can’t prosecute the TBTF because they might take down the economy? i guess its like having a gun at your head. so why do we let them get so big?

  6. willid3 says:

    the sequester and cutting the budget aren’t the solution the fiscal problem of the US government.

    jobs are
    without that it wont matter what you cut, you will fail to control the budget deficit

  7. Mentalist says:

    Amazing video on wealth inequality. But I suspect with the Citizens United supreme court ruling, it’s about to get
    much worse.

  8. S Brennan says:

    Agree with MikeNY & WFTA, great video,

    I don’t know if it will help focus the mind of those that like to blame [Democrats/Republicans, southerners, baby boomers, unions, (insert your McGuffin here)], but it is a useful image for those not in the thrall of media propaganda.

  9. louis says:

    Are the builders starting to advertise their new houses as Forclosures or Short Sales yet?

  10. Bill in SF says:

    Re: Google Glass and the ubiquity of image capture.

    Does anyone remember when (and has it really been over forty years since?)
    Barbra Streisand’s character said:

    “You’re gonna walk awfully funny with an Instamatic up your ass”–Margaret Reynolds, “Up the Sandbox”

  11. mad97123 says:

    It seems Lakshman Achuthan may be joining John Hussman in the “damaged beyond repair” reputation category.