My morning reading:

• Bernanke Saves Companies $700 Billion as Verizon Leads Sales (Bloomberg) see also I can haz no capex (FT Alphaville)
• Higher-Yielding Stocks Seen as Benefiting Most From Fed Status Quo (WSJ)
• Why didn’t the Fed taper? Because Congress is horrible. (Wonkblog) see also No Taper – Yet (Tim Duy’s Fed Watch)
• What ‘The Big Lebowski’ tells us about the debt ceiling (The Fix)
Wolf: We still live in Lehman’s shadow (
• The Financial Crisis Through the Eyes of the Millennial Generation (Elliot S. Weissbluth)
• Twitter’s IPO will not be done in secret (Fortune) see also Twitter’s IPO Will Reveal How Many Fake Or Inactive Users It Has — And It May Not Be Pretty (Business Insider)
• Excel paintings (Flowing Data)
• Make Sure You Know Who Will Inherit Your Twitter Account (WSJ)
• iOS 7, thoroughly reviewed (ArsTechnica) see also The best hidden features in iOS 7 (The Verge)

What are you reading?


The bond market is on track for its worst year in four decades
Source: Quartz


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.

9 Responses to “10 Thursday AM Reads”

  1. “In a string of late-summer confrontations between the Democratic Party’s progressive base and its finance-friendly establishment, the party’s populist wing has recorded some of its most significant victories since Massachusetts Sen. Elizabeth Warren’s election last November.”

    Liberals take on Wall Street Democrats — and win (Politico)

  2. Marc P says:

    The most striking thing about Weissbluth’s article “The Financial Crisis Through the Eyes of the Millennial Generation” is this statement: “I wanted to build a company that put the client first while still making money. I wanted to be recognized as a good outfit—not because we’re nice guys (even though we are)—but because we don’t make money at our clients’ expense. Today we stand at the cutting edge of this new experience, and represent the financial service model of the future.”

    The financial services industry has sunk so low that the concept of fiduciary duty is now “cutting edge.”

      • intlacct says:

        That is a remarkable quote. I liked this one too:

        “The great life lesson of this generation is that there are no guarantees. Millennials don’t trust—they just verify. They don’t need the Volcker rule because they won’t do business with people who have not earned their loyalty.”

        The problem is that some trust is awful helpful (necessary) – especially in a specialized area like finance, law, engineering, security. So I think they really will somehow need to do both. I understand the sentiment, but inability to trust can be a major impediment, too…

        Later he writes,

        “The new rules of the so-called “financial reform” can’t prevent the destructive effects of a conflicted and self-interested business…”

        Much more business for Vanguard I would expect.

  3. RW says:

    The debt-ceiling hostage drama is the current news but the hostage victims have been bleeding for some time already.

    Sequester Watch, #22

    More on Head Start, jobs, the FBI, science research. And I see no sign of a counterproposal to this mindlessness with any political legs. At this point, it’s hard to imagine sequestration repealed or replaced in 2014. Beyond that, we can hope…or, better yet, continue to connect the cuts to the lives of the people hurt by them.

  4. rd says:

    Further to the Wonkblog article on horrible Congress, this poll is probably a primary reason why the Fed didn’t taper:

    The House GOP is a bunch of teenagers playing chicken at Deadman’s Curve being cheered on by a bunch of other teenagers observing them. They are betting they can be James Dean and not the guy who got his leather coat caught on the door.

  5. willid3 says:

    seems that if you write a check to one person and it gets sent to some one else. unless who ever sends it back to you, its likely to be deposited by who ever you sent it to. and the bank will process the check as if it were sent to the correct person.

    and it wont matter how its signed or any thing, its going through. wonder how much fraud is assisted by the banks when they do this. after all, some one could get your bank account, write a check and empty it out. or cost you a insufficient funds fee.

    • formerlawyer says:

      My bank, as a policy, does not even look at checks below some number, as far as I recall it was $2,000 in the mid-2000′s.

  6. VennData says:

    I don’t use Twitter. Tried it. Took me forever to realize how to add aka follow someone and longer to drop them.

    I cannot get rid of it.

    We need some of you freedom loving NSA-haters to make the web marketers let you in and out of their heroes-like grasp.