My afternoon traffic court reads:

Markets and Memory Banks: Why Investors Can’t Imagine a Collapse of the Bond Market (Total Return)
• This Time It’s Different, Really (Money Beat)
Don’t just do something, sit there! In Soccer and Investing, Bias Is Toward Action (Bucks)
• How the Case for Austerity Has Crumbled (New York Review of Books)
• One British Hedge Funds Secret? Cutting its fees! (DealBook)
• These financial advisers needed advisers (MarketWatch)
• Boring, Diversified, And (Still) Tough To Beat (Capital Spectator)
• IRS Was Wrong to Single Out Tea Parties, But Many Political Groups Should Not be Tax-Exempt (TaxVox) see also Congress WTF? Put Pressure on IRS to Investigate Conservative Tax-Exempt Groups (Atlantic)
• 29 Rules for College Graduates (WSJ)
• Photographer camped in -37C temperatures for three months to capture the Northern Lights over Rocky Mountains (Daily Mail)

What are you reading?

 

Debt Distribution
Chart
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 Tuesday PM Reads”

  1. hue says:

    Nobody Likes Google Glass (Business Insider) Google Glass Is Not Trivial (Scripting News) If Google Glass Fails, It’s Scoble’s Fault (Shankman.com)

    Doubling Bangladesh Pay Would Have Cost Shoppers Pennies (CNNMoney) Intact Benetton Shirt Miraculously Pulled From Rubble (The Onion)

  2. VennData says:

    It’s the Huckabee Rally!

    http://www.newsmax.com/Newsfront/benghazi-huckabee-obama-impeachment/2013/05/10/id/503915

    With Obama about to be Impeached, smart money, GOP investors are piling into the market knowing America is about to be saved and rewarded with a generation of GOP dominance at all levels of governance.

  3. VennData says:

    Marco Rubio IRS Head Must Resign!

    http://www.rubio.senate.gov/public/index.cfm/press-releases?ID=bc8ce2a9-4e95-4792-8744-501d0c1b63b3

    uhh.. well.. there is no head of the IRS, since you GOP loon balls nick and pick and fight anything that resembles a competent human being.

    Oh and Marco Rubio, you should check things out before you speak.

  4. willid3 says:

    hm. the biggest auseritians (the Germans) are mis reading their own history?
    http://www.bloomberg.com/news/2013-05-14/germany-s-perverse-devotion-to-austerity.html

    seems they forget that Hitler ran up deficits to tune of 675% of GDP. hut in 1948 the Allies cancelled 93% of the debt, and repayment of the rest was deferred for a very long time.
    and it wasn’t because they had learned from the first go around (the debt from WW1 was so bad that it led the massive inflation that lead to Hitler to begin with). no is was the cold war that forced the need to forgive the debt

  5. 873450 says:

    Budget Office Cuts Estimate of Nation’s 2013 Deficit by 24%

    http://www.nytimes.com/2013/05/15/business/cbo-cuts-2013-deficit-estimate-by-24-percent.html?hp

    “The nonpartisan Congressional Budget Office has slashed its projections of the current-year fiscal deficit … The $203 billion, or 24 percent, reduction … does not come from the $85 billion in mandatory cuts known as sequestration, or the package of tax increases that Congress passed this winter … The office had already incorporated those policy changes into its February forecasts … Rather, it comes mostly from higher-than-expected tax payments … as well as an increase in payments to the taxpayers from the bailed-out mortgage financiers Fannie Mae and Freddie Mac.

    The budget office is now projecting a 10-year cumulative deficit that is $618 billion smaller than it projected a few months ago. The long-term changes are mostly because of smaller projected outlays for the entitlement programs of Social Security, Medicaid and Medicare, as well as smaller interest payments on the debt … health care cost growth seems to have slowed, leading the budget office to cut its longer-term estimates of health spending by tens of billions of dollars in recent years.”

    This shocking development only makes the case for imposing austerity, cutting taxes and slashing entitlements more urgent than ever. If we don’t cut social security and medicare now, before it’s too late, our grandchildren will want them and never know what freedom is.

    • rd says:

      There is an alternative approach for the Republican House to recommend. There are lots of potential wars we could enter into (Syria at top of list) to bring deficits back up to acceptable levels to prove that Democratic presidents can’t balance budgets.

  6. parsec says:

    If the temperature had been three degrees lower he could have camped out in Celsius or Fahrenheit.

    Stunning pictures.

  7. James Cameron says:

    To be sure . . . slightly more than 17,000 reviews, over 50% of which give it 1 out of 5 stars.

    “Not only is the hardware tanking, but the whole Facebook Home experiment seems to be flailing. According to Ars Technica, reviewers of the downloadable interface are trashing it on Google Play, where Home is sold.”

    Facebook Mobile Misadventures Continue

    http://goo.gl/sJZk0

  8. Giovanni says:

    RE: Markets and Memory Banks: Why Investors Can’t Imagine a Collapse of the Bond Market. There used to be a saying (way back in the eighties) something along the lines that brokers always saw the market they were baptized in, but I couldn’t find a reference for it….

  9. Greg0658 says:

    “Can’t Imagine a Collapse of the Bond Market”
    humm .. what would that look like?
    I’ll trade you 100 Apple for 100 Microsoft
    OK then I’ll trade you 100 ATT for 100 Verizon
    ummm .. with that phone bump I guess

    then profits withdrawn & dividends paid with?
    phone bumps?

    ~~

    got a kick out of the buzz feed yesterday
    “Evolution or Revolution”
    thats a good one