Tday is Sunday. Here is what I am reading:

• Byron Wien is Wary of Market’s Optimism (Barron’s) but see 19 charts that will restore your faith in the global economy (Quartz)
• How to Turn a 3% Return Into a 10% Gain (Morningstar)
Special Report: Pimco shook hands with the Fed – and made a killing (Reuters)
• The importance of rebalancing (CBS News) see also Frequency of Rebalancing: Why it matters (and why it doesn’t) (The Reformed Broker)
Social Media? Keep Your Trades To Yourself (The Kirk Report)
• Toyota Camry’s Run as No. 1 U.S. Sedan May End Next Year
• The Wall Street Protection Racket: Pay the Government Fines, and Bankers Don’t Get Prosecuted (Buzz Flash)
• Republican hard-liners block strategy to avoid federal government shutdown (Washington Post)
• The Monkey Business of Pure Altruism (WSJ)
• Google turns 15: Here are 10 milestones that have shaped its search program (The Next Web) see also Google Alters Search to Handle More Complex Queries (Bits)

Whats for brunch?


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.

13 Responses to “10 Sunday Reads”

  1. Bob is still unemployed   says:

    I’m savoring a bowl of oatmeal this cool morning as I enjoy these pictures of New York In Black and White

    The pictures remind me of this classic Calvin and Hobbes cartoon.

  2. osheth says:

    Two top picks from Farnam Street’s ‘brain food,’ my favorite weekly newsletter:

    Ancient Wisdom For Lifelong Health:

    On how fasting can help us fight infections:

    One indication of this effect comes from the behavior of sick animals, including humans, who often lose their appetite until an illness has passed. Farm animals, pets, zoo animals, and wild animals often just stop eating altogether when facing an acute infection or a serious injury. The widespread nature of this phenomenon suggests it’s an adaptive response. Loss of appetite isn’t a bug, it’s a feature.

    Like attacking the supply lines of an invading army, dietary restriction weakens pathogens while the immune system mounts a counteroffensive. Tiny pathogens don’t have large nutrient reserves and rely on the host for nutrition—therefore manipulating our nutrition is a way to manipulate their nutrition.

    The Five Cognitive Distortions of People Who Get Stuff Done:
    The five distortions are:
    1. Personal exceptionalism
    2. Dichotomous thinking
    3. Correct overgeneralization
    4. Blank canvas thinking
    5. Schumpeterianism

  3. ilsm says:

    Read today’s Gospel.

    The GOteaprty could not have picked a better Saturday night to vote that the dogs (lick Lazarus’ sore) be the health provider for America’s needy. The Gospel for Sunday 29 Sep was Luke 16:19.

  4. overanout says:

    The use of the debt limit to force acceptance of a parties political goals is now part of the political landscape. A variety of hot button issues could be used by different factions within both parties to gain there goal from gun control, drugs, income tax and the list is endless.

    • rd says:

      Here is a list of the demands by the GOP:

      Most of these are regulatory reforms, not spending cuts so the debt ceiling debate is not actually about spending and borrowing by the government.

      That makes sense. Sounds like it would be worth breaking the US financial system if achieving this agenda isn’t accomplished in the next three weeks. I am sure that would end well.

  5. Jojo says:

    Very cool!
    Andrew Tarantola
    Monster Machines
    This Vampiric Vacuum Vants to Suck Your Blood (and Save Your Life)

    Normally, when you suffer from a pulmonary embolism–a blood clot blocking the flow to your lungs or heart–you’ve only have two options; undergo chest-cracking open-heart surgery, or die. But thanks to an ingenious new blood filter system, doctors will be able to save lives without destroying sternums or requiring weeks of recovery.

    If you combined a Dyson vacuum with a dialysis machine, you’d have a rough equivalent to the AngioVac system from Angio Dynamics, a New York-based purveyor of bleeding edge medical equipment. The system essentially hoovers out your blood, filters it for clots, and pumps the cleansed blood back into your body, minimizing the need for transfusions.

  6. Jojo says:

    From the ‘They don’t build them like they used to’ file:

  7. RW says:

    Well you could have knocked me over with a feather: a CEO displays what appears to be genuine contrition (but still doesn’t get macroeconomics or national accounting right) and George Will lacks contrition and knowledge alike.

    ‘Shame on us’: How businesses brought the debt limit mess onto themselves

    George Will Shoots at the Fed and Misses, Big Time

  8. RW says:

    The JP Morgan apologists of CNBC

    I don’t know which producer at CNBC had the genius idea of asking Alex Pareene on to discuss Jamie Dimon with Dimon’s biggest cheerleaders, but the result was truly great television. What’s more, as Kevin Roose says, it illustrates “the divide between the finance media bubble and the normals” in an uncommonly stark and compelling manner.

    The whole segment is well worth watching, but the tone is perfectly set at the very beginning:

    Maria Bartiromo: Alex, to you first. Legal problems aside, JP Morgan remains one of the best, if not the best performing major bank in the world today. You believe the leader of that bank should step down?

    Alex Pareene: I think that any time you’re looking at the greatest fine in the history of Wall Street regulation, it’s really worth asking should this guy stay in his job. In any other industry — I can’t think of another industry. If you managed a restaurant, and it got the biggest health department fine in the history of restaurants, no one would say “Yeah, but the restaurant’s making a lot of money. There’s only a little bit of poison in the food.”

  9. RW says:

    Okay, last entry (for awhile) in why the current crop of CEO’s couldn’t run America any better than the current crop of Republicans and why Robert Samuelson is a suitable editorial mate for George Will: simultaneously an insider in-the-know (AKA a Very Serious Person) and a clueless fool.

    Social Security Does Not Redistribute From Young to Old, It Is a Public Pension System

    One of the most pernicious myths of the Fix the Debt Gang and other Peter Peterson type outfits is that Social Security redistributes money from the young to the old. This is bizarre because people pay for their benefits with the taxes they contribute during their working lifetimes.

    NB: Have I mentioned recently that one of the few WaPo editorial bright spots on the economic front is our hose host, BR?

  10. rd says:

    An interesting couplefo articles on safe whithdrawal rates in retirement looking at the sequence of return risk associated with timing of retirement and occurrence of bull and bear markets: