Good Sunday morning to ya! Here are some worthwhile reads to start your day:

• More Stocks, Fewer Bonds (Barron’s)
• Retirement Investing vs. ‘Performance Delusion’ (Forbes) see also Fund Fees: Slash Them Early (Market Riders)
• If Not For That Pesky Sequester (Economist’s View)
• Wall Street’s Brightest Minds Reveal The Charts That Worry Them Most (Business Insider) see also It’s Frankfurt that should be your worry – not Rome (The Market Monetarist)
• Have Investors Finally Cracked the Stock-Picking Code? (WSJ)
• A Conversation with Emmanuel Saez: Taxing Away Inequality (Boston Review)
• Shocked, Shocked, Over Hospital Bills (Economix)
• Strategies for the Spring Housing Scrum (Bloomberg)• TED on the Run: How a Conference Copes With Success — and Brickbats (Wired)
• Break up the too-big, too-dangerous banks (MarketWatch)
• Girlfriend Leads Photographer Around the World (Twisted Sifter) see also Murad Osmann (Instagram)

Whats for brunch?


Key Asset Class Performance in February and YTD  

Source: Bespoke


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.

12 Responses to “10 Sunday Reads”

  1. rekesk says:

    from Tim Duy’s posting:

    “The immediate concern is obviously the impact of the sequester and earlier tax hikes, especially considering the evolving views of the impact of fiscal policy. That said, while I find the timing of these policy changes unfortunate and believe they place an unnecessary speedbump in the recovery process, their impact should fade as the year progresses.”

    From my view, since the recovery is slow and doesn’t have a ton of momentum behind it (from my perspective) wouldn’t the smallest speedbump really be more of a horrible detour? I have very very bad feelings about the sequester and am baffled that investors or traders don’t see it as a threat to currently existing trends. (If less people have money and jobs due to the sequester, it’s gonna kick the housing recovery right? And that will ultimately kick everybody in the nuts.)

  2. farmera1 says:

    BR, said nobody could predict the future. He needs to pay attention to Dilbert.

    Here’s Why I (Dilbert) Predicted Market Manipulators Will Make The Stock Market Crash 20%


    “My reasoning is that the people at the highest levels of finance are brilliant people who chose a profession with the credibility of astrology. And they know it. Then they sell their advice to people who don’t know it. So that’s your cast of characters.

    Now consider that the characters – who are literally geniuses in many cases -have an immense financial motive, opportunity, and a near-zero risk of getting caught. How do you think that plays out?”

  3. call me ahab says:

    For some reason this article caught my attention this morning:

    Photo Essay: When a Kid’s Bedroom Isn’t a Room

    check out the little girl with parents who work at McDonalds and Walmart- shows what those jobs will buy you

    and the kid that lives on 5th ave- nice digs but a bit oddly decorated

    and the little girl from Nepal looks like she could kick my ass

    For brunch- taking my son to Clydes- a long list- hard to make a choice

  4. AHodge says:

    how Iran went Nuclear
    by another smart Finn Olli Heinonen
    this is by far the best statement i have seen on the state of Iran and nukes.

    leaves out the russia role. but excellent and learned a lot
    also makes point our “intelligence” constantly surprised by everyone North Korea etc etc


    BR: They fail to apportion sufficient blame to the Iraq War and George W. Bush — once the dreaded Saddam Hussein was gone, the Iranians had an enormous amount of military spending freed up that otherwise would have been occupied with their 1500 kilometer border with Iraq.

  5. RW says:

    This is why Obama can’t make a deal with Republicans

    Ezra Klein admits that he was wrong, the Republicans aren’t interested in compromise, period.

    My speculation is this will continue for some weeks as the sequester bites deeper and deeper, and it will bite deep as those who understand national accounting know well (it’s >8% of the unspent ytd discretionary federal budget, not the meaningless <2% of total, unified budget bruited in the media). On top of weaker market internals this should suffice but we shall see within a couple weeks I think.

  6. Jojo says:

    Bing Maps Blog
    New Top of the World and High Resolution Satellite Imagery


    We are excited to introduce our new top of the world imagery – which includes bathymetry data from Scripps Institution of Oceanography. We are also releasing over 13 million sq km of updated satellite imagery!

  7. farmera1 says:

    Interesting article about how vulnerable the US electric grid is to attacks.

  8. Liquidity Trader says:

    Damn, that photographer is following one smoking hot babe.

    BR, I had no idea you were an assman

  9. MidlifeNocrisis says:

    RE: Shocked, Shocked over Hospital Bills

    We had our first born in 1987. At that time, I had health insurance and had already faithfully paid my monthly premiums for 7 years. My cost, after insurance payout, was approximately $1,500 out of pocket.

    I worked with a guy that did not have any insurance coverage. He and his wife also had a baby within 3 weeks of ours. Born at the same hospital. His out of pocket (total) expense was $1,500. I know this because we examined each others records.

    I felt like the lemon squeeze in the article. The hospital charges were more than double for me. Absolutely identical circumstances except I had insurance.

  10. RW says:

    Those who wish to be deceived

    Machiavelli had it right: for everyone who wishes to deceive, there is another who wishes to be deceived. The readership of right-wing media, and the voting base of the Republican Party, are slowly being purged of all those who do not wish to be deceived. But that won’t put them out of business.

    That was the reason Rupert Murdoch knew his bet was solid: 30-40% with a will, indeed an eagerness, to believe bullshit out of a 100+ million population was more than enough market share to profit and profit handsomely; expand that population to 500 million and you’re a billionaire.

    We used to laugh at the crank rags — the National Enquirer, Star, et al — and the televangelists too but in these days of Fox, NewsMax, et al they’re just another market sub-segment.

    Mundus vult decipi, ergo decipiatur.