My morning reads:

• What Ben Bernanke would say if he stopped being polite and started getting real (Wonkblog)
• Another volatility-based buy signal (MarketWatch)
• Stagnant Japan Rolls Dice on New Era of Easy Money (WSJ)
• Why renters are still driving America’s building boom (Fortune) see also Sudden Rise in Home Demand Takes Builders by Surprise (NYT)
• Emerging Markets: The Next Wave (Barron’s)
• Fitch And Kroll Are Happy To Make Mortgage Securitization Fun Again (Dealbreaker) see also Deal May Signal Thaw in Mortgage Securities (WSJ)
Today’s WTF headline: Congress Moves to DEREGULATE Wall Street (A Lighting War for Liberty)
• Twitter Untangles Its Overgrown Org Chart (All Things D)
• Guy Kawasaki’s Case For Self-Publishing (Fast Company)
Ratigan: Putting Our Money Where Our Mouth Is (Dylan Ratigan)

What are you reading?


UK vs. US: Paths of Real GDP in Current Downturn

Source: Twitter


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.

13 Responses to “10 Thursday AM Reads”

  1. MidlifeNocrisis says:

    RE: UK vs. US: Paths of Real GDP in Current Downturn

    My first instinct after looking at the chart was “no further comment needed”.

  2. rekesk says:

    This is a letter to Paul Wolfowitz from Andrew Bacevich. I’d stick it in the Iraq War thread but it really merits reading. The idiots who brought us this war deserve to be raked over the coals.

  3. wally says:

    One of the cleanest charts I’ve seen. Says it all.

  4. hue says:

    what Swedish babies and the Stone Age can teach us about life expectancy and income inequality

    Gallup: Americans widely back government job creation proposals, infrastructure repair

  5. AHodge says:

    congress approves spending measure..
    the key thing i need to find out is how much discretion and easing of detailed indivdual caps this gives?
    how much does it become sequester light
    with white house OMB discretion to move money around.

  6. PeterR says:

    Great strip today for those with low social media scores:

  7. Angryman1 says:

    I find it funny how the transnational capitalists want to destroy the middle classes in the US and Europe in completely different manner.

    In Europe, they want to impose a transnational body like the EU to force them to give up their social programs and infrastructure.

    In the US, it is the opposite. They want to abolish the national government under the guise of “State Rights” thus effectively making States fiscally impossible to administer social insurance/programs like Medicare. But notice how both ways meet at the same point: All benefits and proceedings to global capitalism and essential serfdom of the former laborers and middle management.

    Would Paul Ryan support the UN if they came in and forced the US to give up SS and restricted people with less property or money from voting?

  8. RW says:

    @rekesk, thanks for that letter to Wolfowitz link; not what I expected and all the more worth reading in consequence.

  9. beaufou says:

    Might have been posted before, but a truly disturbing and sad consequence of idiocy:

  10. beaufou says:

    On a lighter note, how the LA Times imagined 2013 in 1988:

    They probably forgot to factor-in the fact that people who make money just want to make more, not innovate or create anything truly useful.

  11. S Brennan says:

    I am not a fan of the “open letter” format, but that was a good letter Rekesk. Once you’ve made your bones, the genuine threat is far more powerful than constant violence.

    What amazes me about the rehashing of Iraq over the past few days is how few seem to want to ask about colonial actions we have taken since our nation rejected the policies of Bush and switched to Obama…who then proceeded to give us more of the same.

    Did anyone care when we started paying and arming a bunch of racist Al Qaeda to overthrow Libya and the creation of a radical theocracy hostile to American interests? Apparently not. Libya had been the most prosperous nation in all of Africa, with a relatively vibrate civil society, this, in spite of years of draconian sanctions and living under US military threat. Muammar al-Gaddafi isn’t my cup of tea, but neither was American backed Pinochet…who was far worse. The worst thing that Gaddafi did [forget Pan-Am, the presiding judge said the Libyans were innocent, they were under orders to find Libya guilty] was to keep out of debt, which is the modern mechanism of colonialism. That lack of debt explains why western powers went to such lengths to destroy infrastructure unrelated to the conflict. Why destroy the water supply, electric generation, sewage…unless to create the need for loans.

    Did anyone care when we started paying and arming a bunch of Al Qaeda to overthrow Syria and the creation of a radical theocracy hostile to American interests? Apparently not. Even though, in Syria’s case, we now back two separate faction that are sure to have civil war after our soon to arrive air war concludes.

    Given our record of ignoring elections that don’t produce the State Departments candidate, it’s hard to claim that we do these things “for the people”. With the existential threat of Soviets, we could be justified in some of this crap, now, it’s just an updated form of colonialism. With both Syria and Libya we are trying to accomplish the same object as we did in Iraq and the slaughter and destruction of the infrastructure to the indigenous population is just as intense, what’s missing is American ground forces. Was the invasion of Iraq immoral solely because we used troops? That is what one would think by listening to the deafening silence over the destruction of both Syria and Libya from our “leaders” on both sides of the aisle and their minions in the press.

  12. rd says:

    Apparently the SEC is having real difficulties on finding problems to investigate within its jurisdiction as they are now starting to focus on expenses in thinly regulated hedge funds that only wealthy and sophisticated clients are able to buy:

    It is good to know that we don’t have any major problems in the securities markets.

  13. Init4good says:

    S Brennan, It’s not that we don’t care about the injustices that have and continue to be perpetrated, it’s simply that 99% of the population is fully engaged in their day-to-day lives. They have no time nor energy to begin to explore the little known but factual covert activities perpetrated in the name of democracy, by powerful factions in the US. These activities have been ongoing since the late 1800′s (Hawaii) and throughout the 20th century. (By the way, a nice book on these covert activities is “Overthrow” By Stephen Kinzer)

    When educated Americans catch a glimpse of the dark side, such as Iraq, we are horrified and angry, asking ourselves “how could this be true?” and “How could our leaders, for example Cheney (although certainly not by himself) have pulled off such an egregious injustice as what happened in a) Iraq b) afghanistan c) vietnam d) central america e) pakistan f) Dallas (yes, Dallas) e) you name it ??

    For a long time I blamed our government, or the republicans, or the bush family, or the democrats, or military leaders, or wealthy ppl, or the CIA, or the FBI, or the germans, or the french, or the blacks, or ….etc etc. It seems to me now, perhaps that all men/women have the capacity for great evil, brought on by the quest for power, or money, or control, or whatever. These evils are far beyond the capacity of any normal person to understand. Our govt, as organized as we may think it to be, is still a government run by people, and people can be deeply, deeply flawed. People can be selfish and greedy in measures unimaginable.

    For the time being I’m satisfied that the problem begins and ends with individuals and small groups who are convinced there is a narrow way to look at life, themselves and others. In truth life is full of complexities, because ppl are complex beings. Some ppl can handle that and others cannot, most cope as best they are able, using ways they were taught or have learned along the way, good or bad. The end result is the messy world we live in.