My rainy Maine morning reads:

• My interns are smarter than you (The Reformed Broker)
• The Fed Contenders: A Reading List (Economix) see also Forget Larry Summers. What if Roger Ferguson took over the Fed? (Wonkblog)
• Narrative Risk (Capital Spectator)
• Is This a Good Time to Invest? (Crossing Wall Street)
• The misleading Fed model (Economist)
• Banks as Bookies (DealBook) see also Regulators Rethink Complex Rules for Banks (WSJ)
• Gold Bears Dominant Again as U.S. Growth Quickens: Commodities (Bloomberg)
• The New Explosion in Audio Books (WSJ)
• George Saunders’s Advice to Graduates (6th Floor)
• 10 Signs That US Infrastructure Is A Disaster (Business Insider)

What are you reading?

 

Inflation Adjusted Dow
20130731
Source: Chart of the Day

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.

10 Responses to “10 Friday AM Reads”

  1. Bob is still unemployed   says:

    In the rush to the cloud, is security taking a back seat? Possibly.

    How to Steal Data from Your Neighbor in the Cloud states that [a] study proves that software hosted in one part of the cloud can spy on software hosted nearby.

    “Cloud computing teaches people not to worry about physical equipment for hosting data and running software. But a new study suggests that this could be a costly mistake.

    Researchers at University of Wisconsin, University of North Carolina at Chapel Hill, and the computer security company RSA have shown it is possible for software hosted by a cloud-computing provider to steal secrets from software hosted on the same cloud. In their experiment, they ran malicious software on hardware designed to mimic the equipment used by cloud companies such as Amazon. They were able to steal an encryption key used to secure e-mails from the software belonging to another user….”

  2. VennData says:

    Science vs GOP (it’s a jobs issue)

    Large, multi-billion market cap US tech job-creating startup – that’s tech as in science, founded and run by PhDs and full of scientists, who know the facts and the data – are working diligently to deal with this GOP nut who doesn’t “believe” in climate change.

    These scientists engineers and entrepreneurs should be spending those resources on developing new ideas research, and job creation, not having to deal with ignorant asses elected by ignorant voters who believe the ignorant emails they get from the Koch-funded DC basement and listen to Rush Limbaugh and other discredited Obama haters.

    http://dotearth.blogs.nytimes.com/2013/08/01/google-science-fellows-challenge-companys-support-for-inhof/

    “…The arrogance of people to think that we, human beings, would be able to change what He is doing in the climate is to me outrageous,” Inhofe told the Voice of Christian Youth America radio station…”

    http://www.rightwingwatch.org/content/james-inhofe-says-bible-refutes-climate-change

    Thanks GOP voter. And you used to talk about “job creation.”

    Listen creationists, free American business to not have to deal with nuts and focus on creating jobs.

  3. nofoulsontheplayground says:

    Regarding the Chart of the Day, I’ve always looked at charts like that starting at 1929 and moving forward. However, today I noticed if you bought the inflation adjusted Dow at the 1908 top and held for 75-years, you were still only breaking even (not including dividends).

    This is one reason why dividends are such an important component of long term buy and hold, IMO.

    I guess the other side of the argument could be why would anyone hold an index for 75-years.

  4. S Brennan says:

    • 10 Signs That US Infrastructure Is A Disaster:

    While Bush searched “weapons of mass destruction” in vain, Obama’s claims a search for a “shovel ready job” is in vain…it’s hard to imagine the depravity of these two men…and yet it is there for all to see.

  5. S Brennan says:

    In one of his “inspired” teleprompter readings Obama’s calls a $11.50/hr seasonal warehouse work,”middle class”. Those jobs, if they were full time, would be just above the poverty line…but of course they’re not, so Obama has redefined poverty to be “middle class”. Yep, that’d be the “HOPE” & “Change you can believe in” from the Obama’s fulfillment center…

    Why does Obama parade his lack of empathy so proudly, Obama’s prominent ears appear to be made of tin? Yes, he was abandoned by both his parents, which may provide an underlying reason for his visible indifference to those 99% born economically below him…but surely, not an excuse for the craven touting of poverty for the vast majority of Americans? Two Presidents in a row, the US can’t take much more of this moral nihilism.

    http://www.usatoday.com/story/theoval/2013/07/30/obama-amazon-fulfillment-centers/2599719/

  6. willid3 says:

    oh oh. the rating agencies are back at it again
    http://dealbook.nytimes.com/2013/07/31/an-analysis-finds-a-bias-for-banks-in-s-p-ratings/?hp&_r=2&

    begin to wonder why they exist any more.

  7. VennData says:

    Daniel Henninger: Obama’s Creeping Authoritarianism Imposed law replaces checks and balances.

    http://online.wsj.com/article/SB10001424127887324136204578639953580480838.html

    These WSJ editor’s are delusional.