My morning reads:

• Mining the Latest Opinions on Gold (Barron’s)
• Big 401(k) Mistakes and How You Can Avoid Them (WSJ)
WTF?!? Goldman, AIG and the government renew their friendship (Reuters)
• The bearish case for another leg down in housing? (OC Housing News)
• The REAL Canadian bank bailout (Macleans) see also Populism and financial crises (Columbia Journalism Review)
Ornstein: Congress Has Changed, Not for the Better, and Now It Needs Changing (Roll Call)
• Ultimate Statistics Senator takes on US regulators’ $9.3bn foreclosure agreement (FT Alphaville)
• Facebook will have the last laugh (MSN Money)
• 2013 Pulitzer Prize Winners (Pulitzer)
Robin Williams: Jonathan Winters, an Angelic Madman (NYT)

What are you reading?

 
Gold Still Has a Long Way to Go…Down

Source: Duke

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. hue says:

    U(seless)6: The Terrifying Reality of Long Term Unemployment (Atlantic)
    It’s an awful catch-22: employers won’t hire you if you’ve been out of work for more than six months

    Funny Money
    The Onion Was Right: Money is Just a Mutually Shared Illusion (WaPo)

    Adventures in Baby-Sitting: The Co-Op That Went Bust, Lessons Learned? (Slate) In For a Penny, In for 43 Pounds: Heavy Swedish Copper Money of Yore (CoinsWeekly)

    • The Onion is America finest newsource, but remember that the Dollar has behind it a taxing machine raising $T a year and a standing army

      • hue says:

        it’s an incomplete headline. it’s all fiat in some way.
        “The common thread here is that money has almost nothing to do with physical form. It also doesn’t have much to do with who creates it: The dollar bills were issued by the Federal Reserve, the checking account created by my neighborhood bank, the money market fund was created by a mutual fund manager, the gold was mined out of the ground, and the refrigerator was made by General Electric.
        “Rather, what makes money money is what you can do with it. If you can purchase the goods and services that you want and need with it, it is money; if you can’t, it isn’t.”

  2. WallaWalla says:

    I really enjoyed the FT Alpha article concerning foreclosure settlements. If only there were more politicians like Warren and Sanders.

    Today I didn’t really read, rather I watched, a Georgetown Climate Center webinar titled: Floodplain Regulation: Challenges and Opportunities in Preparing for Climate Changes. Big changes will occur in the insurance industry as our government will be forced to reign their subsidies for floodplain insurance. Either that, or we go broke trying to rebuild stuff that shouldn’t be in floodplains. (Honestly, the webinar softballs some of the more challenging aspects of this issue. Perhaps to keep up the necessary appearances inside the beltway?) The webinar can be found here: http://www.georgetownclimate.org/floodplain-regulation-challenges-and-opportunities-in-preparing-for-climate-changes

    On a similar note: Gov. Shumlin: FEMA agrees to funding for flood-resistant culverts. It’s nice to see FEMA, one of the most backwards examples of Federal gov’t red-tape bureaucracy, adapting to the ‘new normal’ rapidly shifting climate. It’s certainly a step in the right direction.
    http://governor.vermont.gov/newsroom-fema-culvert-decision

  3. Interesting chart from Duke but do they realize they are using a denominator that is not consistent throughout the timeseries. The calculation of absolute CPI changed through the timeseries. Would be interested to see different versions as well.

  4. willid3 says:

    would you believe that part of all of the favorable austerity ‘data’ turns out to be a excel spreadsheet error?
    http://www.nextnewdeal.net/rortybomb/researchers-finally-replicated-reinhart-rogoff-and-there-are-serious-problems#.UW147o4A23o.twitter

    and ignoring a few years of data that doesnt support the result of the study that is used by austerity supporters?

    ceo job isn’t what we have been told it is?
    http://baselinescenario.com/2013/04/15/gut-instinct-doesnt-matter/

    how the mortgage mess should have been reviewed? and it wouldn’t have cost more than maybe a 10th as much, and might have actually done what it was supposed to do.
    http://www.nakedcapitalism.com/2013/04/heres-how-the-foreclosure-reviews-could-have-been-done-much-faster-and-cheaper.html

    but then thats not what was supposed to be done.

  5. GoBigRed says:

    I am reading The Power Surge: Energy, Oppurtunity, and the Battle for America’s Future by MIchael Levi. A Council on Foreign Relations book from Oxford University Press. I like reading about energy and it had blurbs from Daniel Yergin, Peter Orzag and Larry Summers.