My Wednesday morning reading:

• Capital Flows Back to U.S. as Markets Slump Across Asia (Bloomberg) see also The Vulnerability of Asian Markets Then (1997) and Now (2013) (Moneybeat)
• Low-volatility ETFs may not be what they used to be (CBS Money Watch)
• Delamaide: Wolves aren’t scariest things on Wall Street (USA Today)
• The SEC is now demanding that companies admit wrongdoing. That’s a big deal. (Wonkblog)
• Summers, Yellen allies wage behind-the-scenes effort to win Federal Reserve nod (Washington Post)
• Why it’s way too early to dismiss big data’s economic impact (Gigaom)
• How Pay-Per-Gaze Advertising Could Work With Google Glass (Bits)
• Tesla Model S Scores Best Safety Rating of Any Car Ever Tested by the U.S. Government (Moneybox)
• The iPhone 5C Isn’t For The US; It’s The iPhone For The Rest Of The World (Tech Crunch)
This is the lobster article you want to read: The Mystery of Cheap Lobster (Atlantic)

What are you reading?

 

Pop Goes the Bond Market
Chart
Source: Vconomics

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 Mid-Week AM Reads”

  1. theexpertisin says:

    Tesla is being held back from selling vehicles in many states because they do not have (or want) brick and mortar dealerships. Try as they might, they need a physical presence, because…

    The auto makers, have a huge and highly effective lobby group in D.C. and throughout the country that protect arcane laws dealing with the process to sell vehicles in the several states. They will stop at nothing to protect their dealerships and marginalize upstarts like Tesla, which has terrific product.

    Not surprisingly, the UAW and their Democratic allies (in North Carolina, at least) actually sponsored a bill to prevent Tesla from selling via direct marketing to the public. Republican Gov. Pat McCrory, along with NC Republicans like Bill Rabon, a free market proponent, found a way to derail this myopic piece of legislation.

    • steveh18 says:

      You must have read Barry’s disclaimer. Republicans control the Governor’s office and legislature in NC. They blocked Tesla’s attempt to circumvent franchise laws.

      • theexpertisin says:

        steveh18

        I was forwarded a position paper on Rabon (R) being against the legislation limiting TESLA, and further,that Gov McCrory was not going to limit TESLA from the NC market.

        If my information was in error, I regret the assumption made above.

  2. Bob is still unemployed   says:

    Space walker was at the point of opening his helmet to avoid drowning.

    Luca Parmitano’s blog – EVA 23: exploring the frontier

    “…At this exact moment, just as I’m thinking about how to uncoil the cable neatly (it is moving around like a thing possessed in the weightlessness), I ‘feel’ that something is wrong. The unexpected sensation of water at the back of my neck surprises me – and I’m in a place where I’d rather not be surprised. I move my head from side to side, confirming my first impression, and with superhuman effort I force myself to inform Houston of what I can feel, knowing that it could signal the end of this EVA. On the ground, Shane confirms they have received my message and he asks me to await instructions. Chris, who has just finished, is still nearby and he moves towards me to see if he can see anything and identify the source of the water in my helmet….”

  3. rd says:

    So if you or I make an error on an order when we submit it, what are the odds that we could get the executed order reviewed and cancelled?

    http://www.bloomberg.com/news/2013-08-21/goldman-options-error-shows-peril-persists-one-year-after-knight.html

  4. RW says:

    Central bankers aren’t stupid but no one should discount the power of group-think and its ability to reduce IQ.

    The emerging-market squeeze

    It would be extremely premature to warn of disaster. Rich-world central banks may react to market stumbles by pushing back the start of tapering, and emerging economies may avoid overzealous rate increases in the face of sinking currencies. But the world has reached a risky moment. Though advanced economies are a long way from full recovery and emerging economies are slowing, central banks are almost uniformly moving toward a tightening bias. If policymakers aren’t careful, things could end badly.

  5. VennData says:

    OK, Ted Cruz is another in a long line of GOP/TV preacher hypocrites like Gingrich etc.

    My question is, if privacy is such a big problem in American, why did it take this long for us to find out he’s got Canadian Citizenship?

    • rd says:

      Its because he didn’t know he was a Canadian so he never asked for a Canadian passport.

      It is pretty amusing that a Senator playing a role in immigration and illegal immigrant policy is unaware of basic citizenship rules, such as being a naturally-born citizen of the country you are born in. He had assumed you had to ask to be a citizen of Canada. Even more astonishing was that it appears none of his staff ever thought to understand basic citizenship law regarding baby’s birth places, even given the intense “debate” over Obama’s birth certificate. Apparently they are unaware of the role that the perjorative term “anchor babies” play in the illegal immigrant debates even though he would have been positioned to be one for his parents in Canada. It is pretty amazing that it took years for somebody to say “Hey…wait..wasn’t Ted Cruz actually born in another country?”

      North America was built on immigration over the past 6 centuries with official citizenship automatically granted to people born in the countries of Canada and the US to aid in creating the cultural melting pot. This is different from Europe where you basically have to demonstrate that your forebears defended your village against the Romans 2000 years ago to be able to claim citizenship.

    • ilsm says:

      He was born overseas, about as eligible to run as Arnold. Need to see his parent’s birth certificates.

      • The law is more complex than that:

        Constitutional requirements: The Constitution says any candidate for president must be 35 years of age, a resident within the United States for 14 years and a “natural born citizen.”

        We’ve looked at the question of natural born citizenship before. Back in 2008, people raised questions about the “natural born” citizenship status of both major party candidates. We’ve fact-checked several statements about President Barack Obama’s place of birth and his birth certificate. Obama was born in Honolulu, Hawaii, and his mother was a U.S. citizen. His father was Kenyan.

        We also looked at the case of John McCain, who was born in the Panama Canal Zone because his American father served in the military. McCain, the 2008 GOP nominee, saw his standing briefly challenged in court. Interestingly, both of McCain’s potential Democratic opponents — Obama and then-Sen. Hillary Clinton — co-sponsored Senate legislation to settle McCain’s eligibility. The April 2008 resolution said, “John Sidney McCain, III, is a ‘natural born Citizen’ under Article II, Section 1, of the Constitution of the United States.”

        Defining “natural born”

        So what is a “natural born” citizen? The Constitution doesn’t specifically say. In 2008, we reviewed research and polled several legal experts. The consensus was that someone is a “natural born” citizen if they have citizenship at birth and don’t have to go through a naturalization process to become a citizen. If that’s the definition, then Cruz is a natural born citizen by being born to an American mother and having her citizenship at birth. (This same logic would apply to Obama, even if he were born in another country, which he wasn’t.)

        http://www.politifact.com/truth-o-meter/article/2013/aug/20/ted-cruz-born-canada-eligible-run-president/

  6. gps says:

    Hey Barry Watch this brilliant program on state of Indian Economy. You would definitely praise me. http://www.ndtv.com/video/player/ndtv-special-ndtv-24×7/the-rise-and-fall-of-india-s-economy/287650?pfrom=home-topstories

  7. swag says:

    Rob Delaney won Twitter yet again yesterday

    https://twitter.com/robdelaney/status/369961000675864577

  8. Conan says:

    Median Household Incomes: The Real Truth About the U.S. Economic Recovery, Four Years Later.

    http://advisorperspectives.com/dshort/commentaries/Real-Incomes-Four-Years-After-the-Great-Recession.php

    Based on new estimates derived from the monthly Current Population Survey (CPS), real median annual household income, while recovering somewhat from the low-point reached in August 2011, has fallen by 4.4 percent since the “economic recovery” began in June 2009. Adding this post-recession decline to the 1.8-percent drop that occurred during the recession leaves median annual household income now 6.1 percent below the December 2007 level.

  9. failedevolution says:

    Breaking News:

    EBU stops its support to the Hellenic Public Broadcaster: Another victory for the neoliberal dictatorship

    http://failedevolution.wordpress.com/2013/08/21/ebu-stops-its-support-to-the-hellenic-public-broadcaster-another-victory-for-the-neoliberal-dictatorship/