My morning reads to start your week:

• Retirement Investing vs. ‘Performance Delusion‘ (Forbes)
• Mutual fund investors are often their own worst enemies, prone to poor timing (StarTribune) see also Fund Fees: Slash Them Early (MarketRiders)
• Protecting Power Grids from Hackers Is a Huge Challenge (MIT Technology Review)
• Your Brain Is Hooked on Being Right (Harvard Business Review)
• Berkshire Profit Advances 49% on Buffett’s Derivatives (Businessweek) but see Buffett underperformed the S&P last year (Fortune)
• Sci-fail: Genius Obama says he ‘can’t do a Jedi mind meld’ [video] (Twitchy)
• A Sneaky Way to Deregulate (NYT) see also Promises, Promises at the New York Fed (NYT)
• This Story Stinks: A word about comments (NYT)
• This is why Obama can’t make a deal with Republicans (Wonkblog) see also Four reasons Republicans are embracing the ‘sequester’ (Christian Science Monitor)
• A Few Things You May Not Know About Seth MacFarlane (Neatorama)

What are you reading?

 

Government Payrolls Shrinking Even Before the Sequester

Source: Real Time Economics

Category: Markets

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 Monday Reads”

  1. ConscienceofaConservative says:

    Out On A Limb – An Investor’s Guide to X-treme Monetary and Fiscal Conditions
    http://www.hussmanfunds.com/wmc/wmc130304.htm

  2. rd says:

    Ashley Judd may run against Mitch McConnell. One of his main weapons to win re-election is his ability to deliver Federal jobs and funding to Kentucky: http://www.nbcnews.com/id/51027565

    It will be interesting to see what the sequester does to Kentucky.

    The ironies abounding of federal cost-cutting in red states reliant on federal jobs and funding are so plentiful, one barely knows where to start.

  3. Oral Hazard says:

    The Aaron Swartz story just gets more heartbreaking with the telling:

    m.theatlantic.com/technology/archive/13/03/life-inside-the-aaron-swartz-investigation/273654

  4. willid3 says:

    beginning to wonder if the low interest rates aren’t really helping. not that it would matter a lot, companies aren’t interested in loans as it is. and consumers aren’t wanting them much either, so no matter what the Fed does, the actual interest rate wont climb much. and maybe that low interest rate it actually driving the stock market and some more risky investments. usually low interest rates will drive companies to grow. and hire workers but maybe things have changed and they dont really want to grow any more. just keep their profit margins as high as they can. and hope that what little demand there is will keep them a float for a while. and keep that executive pay high, and make bonuses bigger.

    but not do much to increase hiring and do much to increase the real economy.
    sounds like the 19th century economy

  5. farmera1 says:

    More on the vulnerability of our infrastructure (power grids, water, military etc) to hacking.

    China Hackers Could Neutralize U.S. Defenses With a Few Button Clicks

    http://www.policymic.com/articles/28295/cyber-war-can-china-neutralize-our-defenses-with-a-few-button-clicks

    “The United States is heavily dependent on information technology for defense and military purposes, banking, and transportation as well as to deliver power, fuel and water across the country; therefore, America is highly vulnerable to cyber attacks. According to Shawn Henry of the Federal Bureau of Investigation, “cyber threats are an existential one, meaning that a major cyber attack could potentially wipe out whole companies. It could shut down our electric grid or water supply. It could cause serious damage to parts of our cities, and ultimately even kill people”

  6. willid3 says:

    maybe this is a beginning?
    http://www.nytimes.com/2013/03/04/business/global/swiss-voters-tighten-countrys-limits-on-executive-pay.html?_r=0

    maybe we should follow in the Swiss lead on this?

  7. VennData says:

    Boehner To David Gregory: ‘I Don’t Know’ Whether Sequester Will Hurt Economy Or Not

    ignorance is Bliss?

    Well, now we’re getting someone. Accepting your ignorance is the first step to opening your eyes and looking at the data, unless you refuse to look at other sources, which is what GOP genuflectors must be doing.

    You can’t just worry about the rich people, Boehner. or maybe, that’s why your party is on the ropes, because that’s what you do.

    http://www.mediaite.com/tv/boehner-to-david-gregory-i-dont-know-whether-sequester-will-hurt-economy-or-not/

    Thank you for voting for the guy who doesn’t know what’s going on GOP voter. Now do you understand why you’re the problem?

  8. VennData says:

    Obama Renews Offer to Cut Social Safety Net in Big Budget Deal

    A shame the GOP Media Machine claims otherwise

    http://www.cnbc.com/id/100515721

    You go on and keep listening to the GOP Media Machine tell you otherwise GOP voter, and proclaim to the world you are uninformed.

  9. krice2001 says:

    “The Story Stinks” — So if I want to push readers to see the negative in an article whose position I disagree with, I gotta get all ‘Medieval’ in my comments…

    So not only do we have to put up with the angry “eejits” (I think you call them that Barry) with their raging commentary, but now we learn that they actually have the affect they desire? That’s unfortunate. I guess then the only rationale response is to go back at the commenter the same way? Hmm… guess that explains most comment sections on most blogs, then…

  10. flakester says:

    The WSJ dropped a decimal point. The result of 21.9 million divided by about 134.8 million is NOT 1.6%.

  11. willid3 says:

    more watering down of the mortgage settlement.
    seems banksters get credit for a 100,000 mortgage adjustment if they cut a mortgage by 10,000?
    http://www.businessweek.com/articles/2013-03-04/a-home-foreclosure-settlement-gets-watered-down#r=hp-ls

  12. Joe Friday says:

    VennData posted:

    Obama Renews Offer to Cut Social Safety Net in Big Budget Deal … A shame the GOP Media Machine claims otherwise

    The real “shame” is that Social Security has nothing whatsoever to do with the federal deficits & debt.

    The even bigger “shame” (or should I say sham), is that if (or should I say when) they do cut Social Security, it will not reduce the federal deficit & debt by one penny, as it is self-financed and not part of the federal budget.

  13. VennData says:

    I find the krice2001 comment on the article on comments interesting.

    Like a lot of sociological studies, can this test be replicated? In other words, are people just used to reading the comments on the sites they frequent and go with the hyperbole because it’s a new medium that they have not yet built a healthy skepticism toward.

    The opposite is just as bad: read the article and then don’t change your mind.

    The issue seems to me the inability to use, understand, accept data in general, a lack of scientific thinking.

    People make decisions emotionally, they do not want to change their minds, they relish being right, but can be swayed by all-caps typers who don’t articulate a double-blind supported claim.

    Does that help?

  14. willid3 says:

    more on that Swiss revolt against executive pay
    http://www.nakedcapitalism.com/2013/03/mirabile-dictu-more-executive-pay-revolt-as-swiss-impose-curbs.html#comment-1117923

    of the horrors. executives will actually have to get approval for sky high salaries. maybe we can just adopt it a little as we could make it mandatory for shareholders to approve pay, limit the tax write to 20 times the average wage of employees incomes.
    not sure that we would be able to get those criminal penalties though. but it might happen is their is any shenanigans (aka standard operating procedure among banksters and wall street) for tax problems.

  15. PeterR says:

    Apple has already set aside funds for taxes, if they wish to re-patriate offshore profits apparently.

    http://blogs.marketwatch.com/thetell/2013/03/04/apple-may-have-already-covered-some-of-its-cash-tax-issue/

    At today’s low of 420 (thus far — 03:40 PM), AAPL is at very important long-term support IMO.

  16. catclub says:

    On the article about ‘Buffett underperformed’, it was written by the person who also (pro bono – huh?)
    edited Warren Buffett’s report/newletter. I think that should be at the top of the article, not the bottom.