My morning reading:

• All the Reasons Why JP Morgan May Be Facing the Biggest Bank Fine Ever (The Atlantic) see also  J.P. Morgan Is Discussing $11 Billion Settlement (WSJ)
• Economist Wins Genius Grant For Proving That Most Traders Are Idiots (Business Insider)
• The great temptation of the great rotation (Vanguard Blog for Adivors) see also ETF Assets Up $224 Billion this Year (ETF Trends)
• How I learned to stop worrying and love the bubble (FT Alphaville)
• The Fed’s Confusing Search for Clarity (Economix) see also For a Yellen Fed, Smooth Transition Will Be Tall Order (WSJ)
• Have Americans Forgotten How To Grow? No, Innovation Is In Our DNA (Forbes)
• Showdown over a Shutdown: The GDP Effects of a (Brief) Federal Government Shutdown (Macroeconomic Advisors) see also The GOP’s debt limit strategy is insane. People should say so. (The Plum Line)
• Time to tame the NSA behemoth trampling our rights (The Guardian)
• A Move Is Afoot to Keep Climate Science Out of Classrooms (Scientific American) see also The science of global warming has changed a lot in 25 years. The basic conclusions haven’t. (Wonkblog)

What are you reading?


Is Home Building Ready to rebound ?
Source: Washington Post

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.

17 Responses to “10 Friday AM Reads”

  1. Bob is still unemployed   says:

    Maybe we need to take a cue from the old analog TV channels and call this Ultra High Frequency Trading (

    Some enterprising group has succeeded in loading the trading software into the actual networking hardware, instead of having a computer connected to that network hardware. This results in latency being reduced from a previous best of 4,600 nanoseconds to 176 nanoseconds for algorithmically generated trades.

  2. swag says:

    Continuing on a theme …

    Global Warming Is Real IPCC Repeats, Now Can We Do Something about It?

  3. trvl_far says:

    How the NFL Fleeces Taxpayers
    Taxpayers fund the stadiums, antitrust law doesn’t apply to broadcast deals, the league enjoys nonprofit status, and Commissioner Roger Goodell makes $30 million a year.

  4. rd says:

    Apparently the retired group with the biggest hit to their post-retirement income compared to their previous income are the ones with the greatest ability to have saved in the first place:

    It appears that the safety nets of Social Security etc. are doing their job in preventing people with below median incomes during their working years maintain those income levels in retirement. However, typically people in the top 25% of household income in their working years see significant decline (@50% on average) in retirement.

    I assume that the proven success in keeping the bottom half out of dire poverty is the reason for the major push to dramatically reduce those programs.

    • willid3 says:

      nah that cant be the reason.

      its that we cant afford it! thats the ticket!

      never mind that if the government can’t afford, how do the bottom 75% do it?

  5. krice2001 says:

    Barry – I think the “plumline” link is bad. I was able to Google it and found it on the Post site. May want to check that.

  6. ilsm says:

    When the military industry congress complex appropriations expire, that means the congress neglected to raise the federal army (no funds for more than 2 years or forever whichever fills the trough best), and does not pay to maintain the navy.

    They will need to shutter the pentagon and all its tendons on Tuesday.

    There may be a technicality to save the ‘good, safe jobs’ in war plants.

    Constitution, what constitution?

  7. willid3 says:

    those stories over how broke the public pensions are? seems like they were being raided by states to fund other things. or not paying their contributions to the plans as they were required to (by law even).

    sounds exactly like how the private pensions went from money makers form companies. to being under funded drags.

  8. willid3 says:

    the top 1% are complaining that we aren’t bowing down, and because we are critical of them??????

    oh dear, the much put upon of all, the top 1%. cant you just feel sorry for them?

    • ilsm says:

      Pity the super rich, having to take care of the “lucky ducky” moochers.

      Now that their plunder is the excess value of labor in China………..

  9. alexeck says:

    Sign of the end of a bubble? Headlines like: “How I learned to stop worrying and love the bubble”

  10. swag says:

    In case somebody hasn’t already posted Fallon, The Roots, and the Sesame Street gang doing the Sesame Street theme song

  11. rd says:

    Info is starting to come out about how much Obamacare plans will cost people, including info on after-subsidy costs:

    Apparently the premiums are coming in lower than expected in many cases because more insurance companies are participating. Many of the lower tier plans use subsets of the doctors and hospitals networks that the insurance companies regular plans have available. Presumably, the subset have agreed to provide services at a lower price to the insurer.

    My guess is that a lot of people will prefer being party to this socialized medicine approach compared to the freedom from insurance that they now enjoy.