My morning reading:

• Triskaidekaphobia (fear of Friday the 13th) and the stock market. (Brain M. Lucey) see also This market keeps defying the bears (msn money)
• Foreclosure crisis is drawing to a close (CNNMoney)
• Hedge Funds Are Among the Winners of the Lehman Spoils (WSJ) see also We’ve let a good financial crisis go to waste since Lehman Brothers collapsed (Telegraph)
• How We Learned Not to Guzzle (NYT)
• Larry Summers’ Citigroup Problem (MoJo) see also Secret Campaign for Chairman of the Federal Reserve (Daily Beast)
Today’s WTF?? headline: Hank Paulson, hero? (Reuters)
• No, Economics Is Good for Lots of Things (Noahpinion) see also The No Mo or Mighty Mo Forecast and Harry Truman’s Quest for a One-Armed Economist (Spellman Report)
• Just How Long Can People Live? (Slate)
• Why the iPhone’s fingerprint sensor is better than the ones on older laptops (Cite World) see also Machines Made to Know You, by Touch, Voice, Even by Heart (Bits)
• The Many Mysteries of Air Travel (Pogue’s Posts)

What are you reading?

 

Dow vs. S&P 500
Chart
Source: Bespoke

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.

14 Responses to “10 Friday AM Reads”

  1. VennData says:

    ​”… Speaker John A. Boehner appealed to the Obama administration and Democratic leaders to help him resolve divisions in the Republican ranks …”​

    http://www.nytimes.com/2013/09/13/us/politics/at-meeting-with-treasury-secretary-boehner-pressed-for-debt-ceiling-deal.html

    So any deal is going to be Obama’s work? Wow, you ardent GOPers can’t stand for that.

    Time to shut down America. That must be what everyone wants. Go ahead Boehner, stick to your Hasstert rule with your real-American buddies.

    How many miles to the gallon does the GOP clown car get?

  2. alonzo says:

    What’s really interesting about the Dow 30 vs S&P % change chart is the 1,500% increase in the S&P in 33 years. Assuming that this is dramatically different that the historical increase for prior periods, what would drive such an increase?
    I’d love to get BR’s thoughts on this.

  3. willid3 says:

    insurance regulatory arbitrage? is insurance repeating the same thing that banks did. only they didnt have to capture a national regulator, just a few state ones
    http://blogs.reuters.com/felix-salmon/2013/09/12/regulatory-arbitrageurs-of-the-day-insurance-edition/

    and with this, do we really want to have insurance sold across state borders? you never know if the state that you ‘bought’ insurance in (say you live in NY and bought in AZ) has such lack regulation that your claim is ignored. and you have no standing on that state to get the regulators attentpon

  4. swag says:

    I left DC the year before the Black Cat opened, but I still love these reminiscence about its 20-year history, featuring the usual suspects of the capital city’s punk rock world

    ‏http://www.washingtoncitypaper.com/articles/44800/cat-tales-twenty-years-of-the-black-cat-dc-punk/

  5. ancientone says:

    Put a graph of the wage increases for the bottom three quintiles of American workers for the same period and you will see Reaganomics at work.

  6. rd says:

    Fidelity employers are suing Fidelity claiming the company stuffed their 401k wih expensive funds when cheaper ones were available causing their fees in their 401ks to be much too high:

    http://blogs.marketwatch.com/encore/2013/09/13/401k-giant-fidelity-sued-over-its-own-plan/

    “Do unto others what thou woudst have done unto you”

    Even the financial sector is beginning to revolt against itself.

  7. WFTA says:

    I clearly have too much time for reading today.
    http://www.theatlantic.com/national/archive/2013/09/the-speech-that-shocked-birmingham-the-day-after-the-church-bombing/279565/
    Have a swell weekend. BTW, my lady friend is taking me to see Book of Mormon to celebrate my birthday. I’m told it is very funny.

  8. willid3 says:

    what did we learn from the semi great depression? that saving the banks wont necessarily lead to a rebound. and rebounds will be much slower too. and that doing a too small stimulus will only
    help a little.

    http://www.slate.com/articles/business/moneybox/2013/09/financial_crisis_five_years_later_we_don_t_know_what_to_do_next_time.html

    not sure how to take this
    BOFA says if the economy doesnt take off soon. it might never do so
    http://www.businessinsider.com/stocks-go-negative-and-bonds-go-positive-2013-9?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+clusterstock+%28ClusterStock%29

  9. willid3 says:

    11 questions for librarians

    Are unions, political parties, elections, and social movements like Occupy examples of “spontaneous order”—and if not, why not?

    Is a libertarian willing to admit that production is the result of many forces, each of which should be recognized and rewarded?

    Is our libertarian willing to acknowledge that workers who bargain for their services, individually and collectively, are also employing market forces?

    Is our libertarian willing to admit that a “free market” needs regulation?

    Does our libertarian believe in democracy? If yes, explain what’s wrong with governments that regulate.

    Does our libertarian use wealth that wouldn’t exist without government in order to preach against the role of government?
    Does our libertarian reject any and all government protection for his intellectual property?

    Does our libertarian recognize that large corporations are a threat to our freedoms just like large government?

    Ayn Rand was an adamant opponent of good works, writing that “The man who attempts to live for others is a dependent. He is a parasite in motive and makes parasites of those he serves.” That raises another test for our libertarian: Does he think that Rand was off the mark on this one, or does he agree that historical figures like King and Gandhi were “parasites”?

    If you believe in the free market, why weren’t you willing to accept as final the judgment against libertarianism rendered decades ago in the free and unfettered marketplace of ideas?

    Read more at http://www.nakedcapitalism.com/2013/09/rj-eskow-11-questions-to-ask-libertarians-to-see-if-they-are-hypocrites.html#qaVidEgreqe3DerE.99