My afternoon train reading:

• AP Twitter account hacked, makes false claim of explosions at White House (The Verge) see also Fake Tweet Shows Pitfalls of Algo-Driven World (MoneyBeat)
• Financial Crimes Topped State-Sponsored Hacking Incidents in 2012 (All Things D)
• Gold’s Declining Price Is a Reversion to the Mean (NYT) see also GS: Stop Shorting Gold (MoneyBeat)
• Barron’s Cover Story Wants To Tinker With The Dow So It Hides Stock Market Bubbles (Business Insider)
• Monte Carlo’s Role in Retirement Planning (Morningstar) See also A First Encounter With Monte Carlo Simulation (Dave Giles’)
• The Doctoral Student Who ‘Happed’ Reinhart and Rogoff (Real Time Economics)
• Wall Street is at it all over again (Macleans) see also Welcome to the Anarchy Economy (The Daily Beast)
• The Science Behind Why We Procrastinate (lifehacker)
• Cognitive Overhead, Or Why Your Product Isn’t As Simple As You Think (Tech Crunch)
• 20 Words We Owe to William Shakespeare (Mental Floss)

What are you reading?

 

Assets and Net Worth of Households and Nonprofits, 2005-2012

Source: FRBSF.org

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 Tuesday PM Reads”

  1. hue says:

    Dear Netflix, We Can’t Hear You (NPR) Analyst: NetFlix Freeloaders, Streaming Sharers Your Days Are Numbered (Bloomberg)

    Netflix Earnings Confirm Long Term Bull Case (Forbes)

    The Mambweeter Wont Live Tweet Game 2 (Hang Time Blog) Kobe Triumphantly Returns To Heckle Lakers (The Onion)

  2. rd says:

    The fake twitter highlighted the difference between trading and investing as well as the ephemeral nature of “liquidity” in these days of HFT.

    It may be time again to put some standing buy orders in for ETFs at ridiculously low prices since it appears that there will be increasing opportunities to buy them at large discounts from panicking traders and computers.

  3. rj chicago says:

    The chart –
    Time value of money anyone?

  4. RW says:

    The Subjects in the Studies that Guide Your Medical Care May Not Be Like You at All

    The basic logic of evidence-based medicine is that researchers study health care interventions in rigorous clinical trials and then clinicians apply the subset of interventions with good outcomes to patients in the real world. However, this simple formulation glosses over the possibility that the research subjects in the clinical trial may differ from real-world patients in ways that make the results of questionable generalizability. …

    About half of even the most-highly cited clinical trials provide no information at all on how many patients were excluded and why. Among the subset that do reveal this critical information, the average study reports not enrolling about 40% of those patients with the disease who would get the treatment the study is evaluating in real-world clinical practice. By definition, these non-enrolled patients are different than those in the trial, because they were ruled out of participating by set criteria rather than at random.

    The Rogoff/Reinhart debacle illustrated how choice of methodology can support problems or errors in prescriptive policy but this is actually an issue that can crop up even in double-blind, controlled experiments; e.g., selection protocols can make a randomized group practically non-random.

  5. Greg0658 says:

    on the chart .. the machinations of so called paper profits (digital bits) up and down .. isn’t it all to shake out those stored bits (baby boomers & remainder of WW2 survivors) before they all begin asking for (in mass) the cash claims?

    I’ve coined a new phrase for what we are living in > “Carnivorous Disaster Capitalism” .. we tried a mass house’g & commercial building boom with MEW – and currently imo a printing press full bore .. if nature doesn’t throw something bigger than midwest flooding and Hur.Sandy .. I’m afraid we’ll need more war / and closer to home (for the local economies).

    Net Worth without a reason to move (velocity) the Net Worth is not an economy for most.

    about to Submit .. and my gut says to admit the grand illusion has been ok so far (for me) – but just ok too .. as heard today, have to check if the goal post has moved – again.

  6. James Cameron says:

    “Thirteen female prison guards were charged by the Maryland U.S. Attorney’s Office in an indictment unsealed Tuesday in federal court. . . . At the center of the investigation was an alleged leader of the gang, Tavon White, who prosecutors said had sexual relationships with at least four of the prison guards, fathering five children since his incarceration in Baltimore in 2009.”

    Thirteen correctional officers indicted in Maryland

    http://goo.gl/tLMKF

  7. PeterR says:

    Twits align:

    http://www.marketwatch.com/story/twitter-trading-influence-laid-bare-by-fake-tweet-2013-04-23

    http://www.marketwatch.com/story/no-need-to-save-the-twits-from-twitter-2013-04-23?link=MW_story_insert

    Tweet dreams!

    ____________________________________________

    “This can only be attributable to human error.”

    HAL
    2001: A Space Odyssey

  8. Mike in Nola says:

    In case anyone is interested in the ricin case, this is the man whose house is being searched:
    http://www.leecountycourier.net/articles/2013/01/24/news/doc5101b90c8e0c5290839438.txt

    He and the Elvis impersonator have been feuding. No ricin evidence has been found in the house or vehicle of the Elvis impersonator, so this leaves the subject of the above article as someone with a motive to frame the Elvis impersonator.

  9. VennData says:

    History’s jury is still out on George W. Bush

    http://www.cnn.com/2013/04/23/opinion/zelizer-bush-library/

    ROFL!