My afternoon train reading:

• Seeking Higher Returns (Barron’s) but see The Case for Cash (WSJ)
• Dow 36,000, just around the corner (again) (Columbia Journalism Review)
• The greatest trick the Fed ever pulled… (FT Alphavillesee also Was Continuation of Bond Buying the Yellen Fed’s First Decision? (Barron’s)
• Shiller: The Best, Brightest, and Least Productive? (Project-Syndicate)
• Jony Ive: The man behind Apple’s magic curtain (USA Today) see also Apple’s A7 chip again made by Samsung, camera by Sony and non-descript ‘M7′ chip by NXP (9to5Mac)
• ‘Follow the Money’: NSA Monitors Financial World (Spiegel Online)
• Five Ways Occupy Wall Street Changed the Debate (Moneybeat)
• F.A.A. Nears New Rules on Devices (NYT)
• Intricate Sculptures Carved from a Single Pencil (Twisted Sifter)
• Bloomberg Revives Stalled New York Mega-Project (World Property Channel)

What are you reading?

Six Myths About Renewable Energy
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.

10 Responses to “10 Monday PM Reads”

  1. rd says:

    Re: The best, brightest, and least-productive

    I recently finished reading The Black Count, the story of Alexandre Dumas ‘s father who was the inspiration of many of his stories, including The Count of Monte Cristo.

    While it is a very good read for the personal history, it is also a fascinating read on the causes of the French Revolution and how it played out through the beginning of Napolean’s dictatorship. I think many people in government and the 1% would be very surprised to understand at how quickly a supposedly stable, but inherently grossly unequal society can unravel. A wealthy, rent-seeking upper class that adds little value doesn’t last long when the peasants go hungry unless they have been able to keep the military firmly on their side.

  2. johnl says:

    Hmmm, thought the PM reads usually headed with “My train ride reads” or something to that effect. Throwing alittle change up today?

  3. RW says:

    Semi-long article (titled Death by a Thousand Cuts in the print version) that begins with the Reinhart/Rogoff paper announcing the 90% of GDP debt threshold boondoggle and the way it supported the global policy distraction that weakened USA recovery and nearly prevented Europe’s entirely.

    It’s the Austerity, Stupid: How We Were Sold an Economy-Killing Lie

    Once again, the Beltway fell for cherry-picked data—and you paid the price.

    Here’s the author’s short version:

    How Austerity Wrecked the American Economy

    With Washington DC’s attention focused on the antics of Ted Cruz and the tea partiers, who are threatening to shut down the government unless Obamacare is defunded, it’s easy to lose sight of the bigger picture: Aside from Obamacare, the budget battles of the past three years have been exclusively about the Republican obsession with cutting spending while we’re trying to recover from the worst recession since World War II. …

  4. VennData says:

    Remember the GOP’s AP “scandal” when the all-important press were livid that they would be held accountable?

    The GOP’s hero and the Stalwart cradle supervisor of the Press’s important freedom to leak national security info is a kiddie porn guy

    Go GOP. No wonder you want such nutty protections for your privacy,

  5. Tim says:

    Solar energy is poised to take off, astronomically, in the next five years, or less, and is a very profitable investment target. A recent report from the Solar Energy Industries Association reports that the average national price for a solar electric system is now less than $5 per watt, installed. Ten years ago it was $12 per watt. The forecast is $2+ per watt by 2016. System installations last an average of 25 years. Federal incentives: , and local incentives: , reduce the cost dramatically. A good solar energy development tracking website is: 5% of my portfolio is invested in solar manufacturers.

  6. VennData says:

    “….A FRIEND WAS recently considering a potential investment for her portfolio and asked a simple question: Is it better than any of the alternatives that are currently out there? My answer surprised her…”

    What surprising me is that a tool of the Murdoch Media Machine Brett Arends has female friends.

    Go to cash? OK, I look forward to your follow up article… Oh, the WSJ doesn’t admit when they’re wrong. I wonder why that is? Reagan’s and Bush’s tax cuts will pay for themselves, Clinton’s and Obama’s will wreck the economy.. etc…

  7. Arequipa01 says:

    I have been reading this article in the NYT- “Was This Whistle-Blower Muzzled?” which I saw over at Naked Capitalism (

    “On March 30, one of Mr. Bowen’s attorneys, Steve Kardell, a partner at the Dallas law firm Clouse Dunn, told Mr. Bowen, in an e-mail, that the F.C.I.C.’s Mr. Bondi suggested “some substantial changes” to his testimony and “thinks that the way it’s written now, Citi will declare war on both you and the F.C.I.C., and it will primarily consist of an effort to discredit you.” While Mr. Kardell noted that the F.C.I.C. investigators said they didn’t want to influence his testimony, he said that Mr. Bondi suggested trimming it by 10 pages. Peeved, Mr. Bowen instructed him to find out what changes the F.C.I.C. staff wanted to make. The next day, Mr. Kardell e-mailed Mr. Bowen, “I get the impression that the revisions are non-negotiable.”

    Mr. Bowen says the F.C.I.C. wanted him to delete his concern that Citi may have materially misrepresented its certifications of internal controls, which require corporate officers to certify the accuracy of their financial statements under Sarbanes-Oxley.”

    It would seem to support my thesis that the US Federal Government actively colluded with financial institutions to produce a massive bubble in the housing sector thus pumping nominal GDP in order to mask the economic damage caused by the twin follies of launching two wars (one of them a war of aggression- war crime, baby) and reducing taxes on the rich. Also, do recall that John Negroponte was ‘granted’ by executive order the power to waive the requirement to report ‘honestly’ under Sarb-Ox. If we cannot identify the true nature and scope of the problem, we cannot accurately move forward. Seeking redress from criminals involved in this massive fraud, i.e., the gubmint is foolish. They are criminals. And they will not balk at anything.