My afternoon train reading:

• Anglo Irish bankers ‘tricked’ government into bailout (Telegraph)
• Walking Back Bernanke Wished on Too Much Information (Bloomberg) see also “We are not tightening”, says a tightening Fed (Economist)
• Warming oceans make parts of world ‘uninsurable’, say insurers (
• FINRA tries to monetize arbitrations as a business model (Bloomberg)
There goes that manufactured controversy: IRS Look at Progressive Groups Complicates Controversy (Bloomberg)
• Secret files reveal how pay-to-play works in N.J. (
• My Song Got Played On Pandora 1 Million Times and All I Got Was $16.89, Less Than What I Make From a Single T-Shirt Sale! (Trichordist)
• 11 Reasons Infographics Are Poison And Should Never Be Used On The Internet Again (Business Insider)
• What is the Best Predictor of Unhappiness? (Priceonomics)
• My tennis obsession (Prospect)

What are you reading?


Volatility Lingers as Investors Reset
Source: WSJ

Category: Markets

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. Angryman1 says:

    Rising long term rates are good because that is a sign people will save less. This goes back to old question of whether rising interest rates will “spur” the economy…………….yes, on the long side. A Steepening curve will help reduce the urge to save and allow financial companies to get a better yield to service their debt, thus reducing real debt.

    It is people thinking the FED raising the FFR will “help” spur the economy. In three words: NO,NO and absolutely NO!!!! That would just induce the need to save and probably collapse long term yields toward inversion and thus recession, which brings the risk of capital flight and currency collapse.

    The price of savings should not be moved higher until the economy clears and needs to be slowed down due to inflation.

  2. Mike in Nola says:

    Looks like Assange et al did good job of misdirection on Snowden’s movements. Kim Dotcom just tweeted a link to this article about encrypted documents he has distributed so they do disappear if he does:

  3. Mike in Nola says:

    Looks like Chinese workers know what to do about outsourcing. Here, they would send in the Pinkerton’s with pipes and baseball bats.

  4. GoBigRed says:

    I’m reading “Cooked” by Michael Pollan, as well as my latest issue of Business Week.

  5. bear_in_mind says:

    The Nightly Business Report led with a story highlighting how home buyers are beginning to panic because they fear being priced-out of the market. The video with panicky buyers isn’t yet posted, but here’s the article link:

    Also, you might find these articles worth perusal:

    Antec PowerUp: Vast Power on the Go for Your iOS Device

    Your smartphone, your moods, their market

    Is Wine Bullshit?
    (COMMENT: No, but sweeter wines nearly *always* win casual wine-&-cheese tastings)

  6. rd says:

    Re: Global Warming and Insurance

    After the 2005 hurricane season, the building insurance industry largely abandoned Florida and the state had to step in to provide the home insurance. Essentially, the local governments had zoned a lot of areas prone to major natural hazard problems for expensive building uses. The insurance companies were unwilling to financially backstop local desire for property tax revenue from hazardous locations.