My morning reads:

• Traders Said to Rig Currency Rates to Profit Off Clients (Bloomberg)
Gundlach: Don’t Sell Your Bonds (Advisor Perspectives) but see In a Shift, Interest Rates Are Rising (DealBook)
Potentially huge legal development: MBIA Loses Suit Over Crisis-Era Bond Deal (WSJ)
• How the Intelligence Community Is Undermining American Technology Companies in Europe (Moneybox)
• John Maynard Keyne’s View of the World Economy 1870-1914, and of the Tasks of 1919 (Brad DeLong)
• More Signs of Slowly Healing Job Market (Real Time Economics)
• Whistleblower Edward Snowden talks to South China Morning Post (South China Morning Post)
• Sony Outduels Microsoft in First PS4-Xbox One Skirmish (Bloomberg)
• Your Ad Here: We think you are stupid and have bad taste (Gawker)
• 13 Things That Seem Like Scams But Are Actually Really Great (Business Insider)

What are you reading?


Bumpy Return to Normal or New Volatility as Central Banks Step Back?
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.

9 Responses to “10 MidWeek AM Reads”

  1. RW says:

    For the economic-indicators-useful-until-they-aren’t-but-what-goes-around-comes-around file.

    Update on the Yield Curve

    …after years of apparently declining predictive power — particularly during the Great Moderation — the yield curve now seems to signal future growth more strongly. …

  2. Mike in Nola says:

    MSFT’s its own worst enemy on the PR front. Wooden Heads. First, there are leaks about the Xbox needing an always on internet connection, raising specters of the horrible DRM debacles EA went through recently with Sim City.

    Even though the reality isn’t as bad as the rumors, MSFT ignored them. Then there is the used game issue, which, it turns out is about the same on both boxes. But, again MSFT didn’t really address it.
    It has now come down to MSFT and EA pointing fingers at each other about who wanted the DRM on the new Xbox:

    Third problem (may be more) is that the Kinnect and its camera are mandatory in the Xbox One and it’s always on as far as I’ve heard. Makes the NSA seem rather tame. I thought they might win points on the privacy front by pointing out the Google’s demoed how its Chrome browser listens to everything you say, waiting for a command. As someone asked, “if I say “pipe bomb,” does a red phone ring at the FBI.” Instead MSFT one upped Google with both an always open mic and camera.

  3. Woof says:

    Can we get an update of that equity risk premium chart, or is it only available on longer time intervals?

  4. Bob is still unemployed   says:

    re: 13 things…

    “…Almost everyone uses a little too much detergent in their wash…”

    I would really like to see the data behind that assertion. I have seen just the opposite, that most people use too much detergent in their wash. Of course, there was no data for that statement either.

    However, I have found that using about half of what is recommended on the container still gives me clean clothes.

    • Bob is still unemployed   says:

      And for my next comment, I’ll read the original comment more closely. I misread the context of the pods. :(

  5. VennData says:

    Gundlach is the next Invictus “talking head who is wrong”

    “… Indeed, he said if 10-year yield increased above 2.35%, the Fed might increase its QE efforts, because that would signal a weakening of the economy…”

    So in his economics low GDP gets you higher interest rates?

    “…Gundlach presented a hypothetical calculation showing that if interest rates were to “normalize” and increase by 100 basis points annually over the next five years, the federal interest expense would increase from $360 billion last year to $1.51 trillion…”

    So on 15T of debt we’ll be paying 10% with a “100 basis point” increase?

  6. printmemoney says:

    A mini crash in equities ensues (20-40%), bonds are re-rallied, and then interventionism falls apart.

    Or, interventionism just falls apart and yields go up…..and the US is kufced.