My morning reading:
• Notes from the Bloomberg Markets 50 Summit, Afternoon Session (The Reformed Broker)
• Chinese Cities Hooked on Land Revenue Fuel Housing Costs (Bloomberg) but see Chanos Undeterred by China Growth as O’Neill Bullish (Bloomberg)
• Pension Funds Keep Chasing High Returns (The American Interest)
• How Bad Data Warped Everything We Thought We Knew About the Jobs Recovery (Atlantic) see also Ignorance and bias in economic models (Antonio Fatas on the Global Economy)
• Nate Silver on Finding a Mentor, Teaching Yourself Statistics, and Not Settling in Your Career (Harvard Business Review)
• JPMorgan negotiating multi-billion-dollar settlement with Justice Department (Washington Post) see also JP Morgan’s Beached Whale (U.S. News)
• WSJ buries the lead deep on AIG’s CEO (Columbia Journalism Review)
• Facebook’s status among investors and analysts changes: It’s a darling (Los Angeles Times)
• Teardown Shows iPhone 5S Costs at Least $199 to Build, $173 for the 5C (All Things D)
• Why We Should Choose Science over Beliefs (Scientific American)
What are you reading?
Cashing Out After Post-Fed Rally
Category: Financial Press
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