My afternoon train reads:

• Political blowback from Cyprus (FT Alphaville)
• A Beginner’s Guide to Irrational Behavior (coursera)
• Perspectives on a Sluggish Recovery (Conversable Economist)
• Carl Levin, The Senate’s Muckraker (NYT) see also Jamie Dimon Told Regulators He Would Not Follow Regulations (FDL)
• Earthquakes and the Mind-Bending Laws of Markets (Bloomberg)
• K is not capital, L is not labor (Interfluidity)
• When Mom and Pops Battled Five and Dimes (Echoes)
• On the Brink? China’s Solar Industry Debt Drama (The Diplomat)
• WTF?! Sequestration Slashes Scholarships for Children of Iraq and Afghanistan War Casualties (ABC)
• For Civilian Drones, the Sky is the Limit (Bits)

What are you reading?


Workers Saving Too Little to Retire

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 Tuesday PM Reads”

  1. econimonium says:

    I am completely and utterly dumbfounded as to what the Troika was thinking. Can someone explain this? If any member state had doubts about having some central bureaucratic authority issuing fiats, this has removed them from the realm of guessing and brought the fears right into the open air. This incident is horrible for so many reasons I’m at a loss. First, austerity is not working at all, then you want to penalize the people who had nothing to do with any of this mess. I’m seriously gobsmacked.

  2. Moss says:

    It is all about the upcoming German election. Germany loves a weak Euro but a breakup is hard to do. I imagine that Putin is sweating a bit but ultimately waiting for the distress to reach a peak. Remember the banks in Europe are mostly insolvent.. still as they all hole huge amount of Sovereign debt. Print Mario print.

  3. call me ahab says:

    gleaned from your AM reads:

    “The public have, willy nilly, become risk-bearers of last resort. Protected by this generosity, bankers gain vastly on the upside while shifting the downside on to others.”

    what a gig . . .heads I win, tails you lose

  4. decius says:

    The new site layout is great, but I wish these “Reads” posts were broken out into lines on the main blog instead of being crunched together into a paragraph. The crunched together version is basically unreadable, so you have to click through to the individual post to actually see the list of urls. This is content – content should not take a backseat to aesthetics.

  5. Mike in Nola says:

    I have a personal letter from Levin around here somewhere in response to a letter I sent praising his performance in the Enron hearings where he really did a number on the investment bankers who thought they were smarter than him. Big mistake. Masterful trial lawyer. He would get them to lie and then pull up a contradictory statement on the projector. Unfortunately, it doesn’t look like there is anyone of his caliber left.

    He reply was obviously personally dictated by him and was extremely witty. Too bad he’s not attorney general.

  6. TR says:

    Obviously we’re living too long so why not eat, drink, be happy and die earlier (been to a nursing home lately or try to obtain a job where the old folks won’t retire so your income keeps declining?). Tell your Doc to give you your numbers, meds, facts and leave you alone (Physicians are pretty preachy these days with too much control on your dime). Recent research points to happy, high performing people if we are a bit medicated, having fun and taking more risks.

  7. Mike in Nola says:

    @Decius: I agree with you. I generally like the compressed layout, but do wish BR would make an exception for the Reads.

  8. Mike in Nola says:

    Came in a little too late for the housing article. Here’s a post putting the current bubble in perspective:

  9. Richard W. Kline says:

    So Barry, I’m with Decius and Mike. Please put the links in column back on the main page, not in purdah behind a click through. I routinely read 3-4 of your aggregated links per blog visit. The paragraph view is useless visually, and cropping the sources is a loss of information. If you want folks to read these, make it (once again) easy to do. Just sayin’ . . . .

  10. Jim67545 says:

    An example of what happens under the hood when credit freezes, defaulting trade credit, unemployment of 25%, etc. meets austerity.
    Businesses have varying reserves of capital or credit they can use to withstand adverse conditions. So, failure is a delayed event from when things turn down but one that snowballs quickly as effects spread. Beware.