My afternoon train reads:

• There are more Hedge Funds in the USA than there are Taco Bells (Fiscal Times) see also Hedge funds gripped by crisis of performance (
• Small Stocks Are in Eye of the Index (WSJ)
• Summers vs. Yellen Scorecard: Who’s Supporting Whom? (Real Time Economics) see also Federal Reserve ‘Doves’ Beat ‘Hawks’ in Economic Prognosticating (WSJ)
• “NASDAQ is owned.” Five men charged in largest financial hack ever (ArsTechnica)
• How much capital should banks have? (Vox) see also New Glass-Steagall would help to keep lenders in line (
• How America’s Top Tech Companies Created the Surveillance State (National Journal)
• Tom Friedman is the New Ayn Rand for A Dark Digital Future (Huff Po)
• BMW Electric Offered With Spare SUV to Ease Range Anxiety (Bloomberg) see also General Motors is going ‘borderline luxury’ (Fortune)
• My Favourite Hitchcock: I Confess (theguardian)
• Song of the Summer? ‘Blurred Lines’ vs. ‘Get Lucky’ (WSJ)

What are you reading?


Ranking Fed Forecasters
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.

15 Responses to “10 Monday PM Reads”

  1. Frwip says:

    A good story in Wired about how a few brave souls and Kickstarter helped bring back a fixture of old time (really old, like 19th century old) portrait photography, the Petzval lens.

    Fun and very cool, although I think they could have stuck to standard aluminum for the body and dispensed with brass…

  2. hue says:

    Syrian Looters in Bulldozers Seek Treasure Amid Chaos (Bloomberg)

    Hollywood’s Blockbuster Problem: China, Big Box (Office) or Bust (Vulture)

  3. VennData says:

    If you support the GOP you MUST boycott the NFL!

    Stop watching football! The liberal NFL is part of the problem! You should be in church anyway,.

  4. Willy2 says:

    I consider Friedman to be a good signal of how much dissent/disagreement the establishment allows to exist without being thrown out by the same establishment. And the NYT is establishment.

  5. willid3 says:

    productivity is really demand constrained

    Productivity is being compressed by the effective demand limit again.
    Productivity is not going to be increasing soon unless effective demand reverses its decline.
    For those, like Ray Dalio, who say that productivity will increase as the economy recovers, they will be disappointed. The implication is that the economy instead will have to grow upon an increase in credit-fueled consumption.
    - See more at:

  6. DeDude says:

    So “doves beat hawks” when it comes to having made accurate predictions. Now wouldn’t that be something new and refreshing if an appointment to leadership were to include an evaluation of all the candidates performance in the past with regards to decisions and predictions that were proven right when their peers made wrong predictions. Gosh you could end up appointing the most competent people rather than the best connected and conning.

    • willid3 says:

      might also be good for executives too. course for some, appointing the most connected but incompetent is the whole point.

    • Frwip says:

      Hawks? Hawks? Why do we always call them that name?

      They always make me think of another bird, this one. Loud and more than a bit obnoxious.

  7. willid3 says:

    O caused all of the economic in equality. even before he was in office.

  8. willid3 says:

    hm. college professors wont like this

    course then i am waiting on the day when you watch the local news on any of the local stations and you see the same anchors, weather and sports reporters. coming soon i am sure. got cut the costs of course! and if that actually works expect to see it in other news organizations.

  9. willid3 says:

    hm i can see where your insurer will send you when you need surgery

    after all,. even buying airline tickets and hotel rooms, will be a lot less than what a US would charge

  10. Bill in SF says:

    Wired has a pretty good photo spread of the BMW i3

  11. S Brennan says:

    From my FBook today,

    As those who read my posts know, I’ve been talking up the Pope’s dramatic doctrinal reform. The Pope, should he choose to be, can still be a very powerful piece on the world chessboard. This Pope appears to want to bring Christianity back to it’s pre-Roman Empire roots. I am sure there will be those who judge him based solely on that with which they disagree, but these are huge changes to effect in 5 months.

    His views on ordination of women and gays will be seen as still too conservative by my friends, but his views on poverty, joblessness and excessive greed are FAR more progressive than 97% of my friends. And speaking from my experience as a young man; if you are sleeping in a doorway, your “rights”, as extended to all by the 14th amendment will seem inconsequential…compared the fetters of poverty that bind you.

    [I comment later] I’d add, the Pope’s views are to the left of mine. I only want to restore the FDR policies, [circa 1932-1978], the Pope is asking for a more profound change in governance.

  12. scottinnj says:

    I’m thinking that all the Taco Bell’s in the USA added a lot more value than all the hedge funds in the USA. Did Ackman or Steve Cohen invent the Doritos Loco Taco? To ask the question is to answer it..

  13. scecman says:

    Yellen vs Summers
    Lawrence Yun of the Natl Assoc of Realtors recommends Summers – nuff’ said!