My morning reads:

• Why Does Apple Care About Its Share Price? (Businessweek) see also Apple’s Next Big Thing (Slate)
• Libor ‘Must Be Based on Fact, Not Fiction’ (Yahoo Finance)
• Call This Market Surge the Anti-Austerity Rally (CNBC) see also Study reveals austerity’s harmful impact on health in Greece (PNHP)
• SEC aims to protect investors from fraud under new law (Washington Post)
• What price, uninsured depositor risk? (FT Alphaville) see also From the Fed, a New Chill to Banks From Abroad (NYT)
• Often unloved, ATF critical to solving major crimes like Boston bombing (Washington Post)
• What If We Never Run Out of Oil? (Atlantic)
• Eric Schneiderman Challenges Obama Administration Over Mortgage Investigations (HuffPo) see also Homeowners defaulting in loan modification program, report says (Washington Post)
• George W. Bush’s presidency, in 24 charts (Wonkblog)
• Eight New Things We’ve Learned About Music (Smithsonian)

What are you reading?


Drop in Borrowing Squeezes Banks

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 Friday AM Reads”

  1. S Brennan says:

    Humorous, in it’s own dark way…skip to final paragraphs. Finally, Krugman lays blame where it belongs instead of giving the benefit of the doubt to immoral creatures.

  2. hue says:

    Debt Fear Derivatives
    BR has written a post or 2 on Gold …

    Clear & Present Danger to the Gold Trade (GMO)
    The notion of gold as a hedge against systemic risks is flawed. Conventional wisdom would lead us to believe that gold price movements are driven solely by the actions of developed markets’ central banks. … We believe this view is misinformed and that the available data does not support it. … Last year, we argued instead that the key driver of the significant rise in gold prices since 2000 has been the emerging markets consumer …

    James Montier: Hyperinflations, Hysteria, And False Memories (GMO) To say that the printing of money by central banks to finance government deficits creates hyperinflation is far too simplistic (bordering on the simple-minded). Hyperinflation is not purely a monetary phenomenon. History teaches us that a massive supply shock, often coupled with external debts denominated in a foreign currency, is required, and that social unrest and distributive conflict help to transmit the shock more broadly. The breakup of the Eurozone …

    • hue says:

      Slumlord Millionaire: Blacktone Buys Atlanta Homes in Largest Bulk Rental Trade (Bloomberg)
      16% of the portfolio is Section 8. What is the end game? Institutions owning and managing single family housing? Are they going to sell it wheneva the economy rebounds? Mop and pops already priced out.

      Milked to the Mob: Baby Formula Smugglers Top Heroin Courier Arrests in Hong Kong (Bloomberg)

  3. James Cameron says:

    Debt, Growth and the Austerity Debate (Reinhart and Rogoff, NYT OpEd)

    Why everyone is wrong about austerity (Brett Arends, MarketWatch)

  4. RW says:

    The armpit of low expectations along with the “new normal” and “structural unemployment” is just another excuse for putative leaders to do nothing while more people suffer and the economy crumbles around them. The moral collapse of Western elites continues apace.

    The UK economy in three charts

    It is a measure of the state we are in that the latest quarterly growth number for the UK, at 0.3% (1.2% annual rate) for 2013Q1, should be regarded as a political plus for the Chancellor. [See postscript at end.] So here is the first chart:

  5. willid3 says:

    no shortage of STEM workers.

    if there was their incomes would be going up. but they aren’t. and there isn’t really a big demand for them either.

  6. willid3 says:

    hm…the EU is still a big mess.. but now its becoming a political one too as thew EU is becoming so unpopular that staying in it is becoming hard to sustain. unless austerity pays off really soon (like in the 6 months or less), the EU experiment or the austerity one will be cancelled.

    hm…that explosion in West TX
    and did any one else notice that this week we had more explosion this time in Alabama? not sure but i bet that Alabama doesnt regulate business any better than Texas does. they were just lucky and no one was killed.

  7. Bob is still unemployed   says:

    > Eight New Things We’ve Learned About Music

    One of my favorite books is Music, The Brain and Ecstasy (by Robert Jourdain). I’ve had the book over ten years, and every couple of years I read it once again.

  8. willid3 says:

    in this age of austerity, it seems that even tea par-tiers are unable to cut some old stuff

    because the private sector can’t make up for what the Feds having been doing since last century

  9. rd says:

    Good discussion here on the role of Social Security and Medicare with facts and figures of families total assets, including “social” assets such as SSN, Medicare. and pensions:

  10. Wiggs says:

    Admittedly, I haven’t been monitoring the reading list this week so not sure if this made the list or not but I found it to be extremely interesting..

    “Quantifying Trading Behavior in Financial Markets Using Google Trends”