My morning reads:

• I Don’t Think You Invest the Way You Think You Invest (Interloper)
• Japan’s currency war has just begun (Macrobusiness) see also QE on steroids in Japan (FT Alphaville)
• America’s Most Profitable Export Is Cash (NYT)
• Trimmed hedges: Half of performance data is “Revised” (Economist)
• Vanishing workforce weighs on growth (The Washington Post) see also Labor Force Participation Rate Update (Calculated Risk)
Yay! Senate Bill May Solve Too-Big-To-Fail By Shrinking Banks By 70% (Dealbreaker)
• Beware of Economists Peddling Elegant Models (Bloomberg)
• David Stockman’s dystopia (Fortune)
• The future is now: Navy to deploy lasers on ships in 2014 (Fox News)
• A Year Later, Instagram Hasn’t Made a Dime. Was it Worth $1 Billion? (Time)

What are you reading?


Japan’s Stimulus Generates Ripples

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.

8 Responses to “10 Tuesday AM Reads”

  1. RW says:

    Let the Punishment Fit the Crime of the Recession

    Moral hazard would be less of a problem if the money needed to protect the working class in a financial recession came out of the pockets of the big wigs on Wall Street who created the problems. If they faced losing everything, they would be much more careful about the risks they take at the expense of the working class.

    This is a point BR has made before I think and others have pointed out the external costs of investment firms as corporations rather than partnerships but Mark Thoma develops the idea within a larger, macroeconomic thesis that also tackles the tendency to interpret economic outcomes as some kind of Calvinistic morality play.

  2. hue says:

    follow the kids’ money, to find insider trading (npr) Sociologists tracked stock trades in Finland and found that accounts belonging to children under 10 years old wildly outperformed the accounts of adults. The people operating these children’s accounts were their parents and guardians.

    Structural Employment: As companies push for efficiency, the daily grind wears down workers (:LATimes) Many businesses no longer want long-term relationships with their employees, who must now work harder without getting financial and psychological rewards that were once routine

    how much is my airline ticket? step on the scale (WaPo)

  3. AHodge says:
    george soros goes to germany
    gives the germans a talking to on austerity
    and calls for eurobonds
    but i can only go with about half of his newanalysis/ proposal, including the german responsiblity and eurobonds. but not what they are used for
    Soros wants German OK for EU to assume the national debts in euros.
    but sovereign yields was already part fixed by ECB
    yields brought back down, and is not at the heart of problem
    Soros does not acknowlege the banking system is massively broke and needs workout

    i could only go for eurobonds if they paid for a big temporary tax cut, or other fiscal boost
    either part of a Ray Dalio style good restructuring where the banking system is “resolved” at the same time
    Or as a later desperate but needed measure if Europe slides further toward depression,
    especially in the south. This looks likely to me if banking and credit are not “resolved” fixed and restored. Orcredit provided by govt, for example guaranteed with TALF type stuff

  4. AHodge says:

    So i think Dalio has become, along with making more money than Soros
    The new best go to guy for fixing policy, and europe in particular.

  5. ilsm says:

    The Laser Weapon System (LaWS) may be useful as a range finder. A UAV so small, slow and willing to let a laser dwell on it is no threat to any “asset”.

    That it melted through the gas tank on a drone set to be hit is not worth the space it will take on the boat.

    Not worth the taxpayers’ dough.

  6. Poter says:

    QE on steroids in Japan:

    If the intent is to cause inflation and weaken the currency, an alternative is to announce tax cuts (causing government deficits vs BOJ liabilities). This bypasses bank lending and leaves more money in circulation, which must be inflationary. The difference between this and QE is the beneficiaries: taxpayers vs. chiefly one percenters; and the disadvantaged: low earners vs savers.