Our yourself a cup of Joe and enjoy these Sunday morning reads:

• Bond Funds Outflows Shouldn’t Panic Investors (WSJ)
• Warren Buffett, age 44, explains the futility of playing the market (Quartz)
Shiller: Why Innovation Is Still Capitalism’s Star (NYT)
• California’s $43 Billion Farms See Labor in Immigrant Fix (Bloomberg) see also With So Many Job Openings, Why So Little Hiring? (Bloomberg)
• Three Nails in the Coffin of Peak Oil (Oil Drum)
• 1-in-5 Electronics Sales Are Online (Real Time Economics)
• Rand Paul is dead wrong. Milton Friedman would have supported the Fed’s bond buying (AEI Ideas) see also As damaging sequester continues, Congress goes on 5-week vacation (Los Angeles Times)
•  Facebook is bad for you: Using the social network seems to make people more miserable (Economist)
• Food Truck Economics (priceonomics)
• NSFW:  Lake Bell On In a World… and Tattoos (Vulture)

Whats for Brunch?


Why It Might Be Cheaper to Get a Jumbo Mortgage
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.

13 Responses to “10 Sunday Reads”

  1. Greg0658 says:

    this caught my ire and wonderment ..
    “Michael Hallatt has spent more than $350,000 at Trader Joe’s in less than two years. But the popular grocery chain doesn’t ever want to see him again.”

    Pirate Joes now Irate Joes .. I read the lawyer screed and get it on paper in front of the bench .. but on the balance sheet – umm .. is the product crossing the scanner not the profit – is it in franchise fees and trucker/warehouses delivering the product?

  2. flocktard says:

    Part of this is once you don’t have to pay the increased fees the GSEs are now charging the banks, you can work closer. Come to think of it, almost eliminates the spread conforming loans are supposed to get because of (cough) implied government backing.

  3. lrh says:

    But Orwell’s most prescient point is his concluding one: “To exchange one orthodoxy for another is not necessarily an advance. The enemy is the gramophone mind, whether or not one agrees with the record that is being played at the moment.”

    George Orwell’s thinking on media self-censorship and groupthink makes a terrific point about confirmation bias.


  4. RW says:

    Economic Benefits of Increasing Electric Grid Resilience to Weather Outages

    In June 2011, President Obama released A Policy Framework for the 21st Century Grid which set out a four-pillared strategy for modernizing the electric grid. The initiative directed billions of dollars toward investments in 21st century smart grid technologies focused at increasing the grid’s efficiency, reliability, and resilience, and making it less vulnerable to weather-related outages and reducing the time it takes to restore power after an outage occurs.

  5. farmera1 says:


    Making the case for solar. We’ll see. The cost of solar is dropping fast so it is said.

  6. swag says:

    Weird goings on at a movie theater in Silver Spring, MD last night –


  7. S Brennan says:

    Mark Twain – “A lie can travel half way around the world while the truth is putting on its shoes.” That’s certainly the case with this story…I’ve seen this double & triple posted on market & business blogs…why?:

    With So Many Job Openings, Why So Little Hiring? – By Peter Orszag

    Conflating job ads with job openings, which the author does, is sophomoric sophistry.

  8. Jojo says:

    And expect further decreases in hiring rate going forward as automation replaces human workers…
    There Has Been No Improvement in the Hires Rate in Two Years
    By Heidi Shierholz | August 6, 2013

    The June Job Openings and Labor Turnover Survey (JOLTS) data released this morning by the Bureau of Labor Statistics paint a grim picture of job opportunities in today’s labor market. The “hires rate”–the share of total employment accounted for by new hires–is an important comprehensive measure of the strength of job opportunities because it incorporates two components: 1) net new hires, and 2) new hires that are due to “churn” (i.e., hires that are replacing vacated or lost positions, described in more detail below). In June, 3.1 percent of all jobs were hires. This was a substantial drop from May, when the hires rate was 3.3 percent. As Figure A shows, there has been very little improvement in the hires rate since its low of the recession in June 2009, four years ago–and there has been no sustained improvement whatsoever in the hires rate for two years.

    Figure A Figure A (continued)
    Hires rate has not recovered from historic plunge: Hires rate, December 2000-June 2013


  9. Jojo says:

    Summer Sunday enjoyment. Whew I am out of breath just watching this….
    Hans Klok & The Divas of Magic – 10 Illusions in 5 Minutes

  10. swag says:

    Looks like Regal is into the armed guards (and pat-downs, even) thing elsewhere as well:


  11. VennData says:

    How do you think the US Federal Government’s yearly budget deficit has changed since January 2010?


    Hint: Fox News, the WSJ opinion page and the GOP Media machine has it wrong