My afternoon train reading:

• Weak Jobs Report Is Sign of Weak Jobs Report. Period. (Bloomberg) but see Vanishing workforce weighs on growth (Washington Post)
• Facebook Home is a trojan horse designed to steal the Android experience (Apple Outsider)
• Questions to Ask Your Adviser About Fees (WSJ)
• Beware of Economists Peddling Elegant Models (Bloomberg)
• Trust in Gold Not Bernanke as U.S. States Promote Bullion (Bloomberg)
• How Does the U.S. Quit Housing When Fannie, Freddie Rake in Billions? (Businessweek)
• A Wish List of Regulatory Changes for Investors (WSJ)
• How Republicans Once Championed the Federal Income Tax (Echoes) see also Deep in the Red of Texas, Republicans Fight the Blues (WSJ)
• The standardization of chess set design (Kottke)
• The Reality of Climate Change: 10 Myths Busted (Live Science)

What are you reading?


Overbought/Oversold Markets
Source: Global Macro

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.

10 Responses to “10 Monday PM Reads”

  1. nofoulsontheplayground says:

    “How a New Generation of Sub-Prime Auto Financing Could Cause Another Catastrophe”

    Sub-prime loans, defined as a loan given to anyone with a credit score under 660, are now bigger than ever. In Q2 of 2012, new car sub-prime loans accounted for a quarter of of all loans, while 56 percent of used car loans went to sub-prime buyers.There’s even a new category called “deep subprime”, for auto loans issued to buyers with credit scores below 600. These loans account for nearly 11 percent of all car loans, despite the fact that a 600 credit score is considered abysmal.

    • willid3 says:

      oddly enough when sub prime mortgages were exploding left and right, sub prime auto loans powered on through the min depression. might have some thing to do with having a vehicle means one can get to work. while not having one, means that you might not be working for long

  2. Mike in Nola says:

    Has anyone looked critically at the Fannie and Freddie “profits?” They do come at quite a convenient time for the Obama administration’s plan to have the FHA backstop new subprime loans.

  3. willid3 says:

    the biggest threat to any ones budget, whether you have saved a lot or not.

    can tell you from experience. my mother in law has dementia, has for over a decade now, and is very healthy, even if she can’t remember much from the last 10 minutes or not. she will likely live another 10 or more years. it costs over 3500 a month (or 42,000 a year) for her care. and thats just living expenses,

  4. VennData says:

    Ex-porn star Jenna Jameson charged with battery

    What do you mean, you mean Ex-Ex-Ex Join-Now Adult entertainment!