My belated, post Yahoo morning reads

• Somebody Stole 7 Milliseconds From the Federal Reserve (MoJosee also News organizations respond to Fed lockup questions (CNBC)
• Eric Schneiderman, Wall Street Time-Machine Sheriff  (Bloomberg View)
• Day traders, angels and venture capital: The internet changes everything, including money (GigaOm) see also The idiocy of crowds (Felix)
• Abenomics Peaking for Tokyo Commodity Exchange Means Focus on China, India (Bloomberg)
• Duncan Black : Show the 99% some economic gains (USA Today)  see also Rising wealth-to-income ratios, inequality, and growth (VoxEU)
• J.P. Morgan Is Discussing $11 Billion Settlement (WSJ) see also In JPMorgan Case, a Missed Opportunity to Charge Its Executives (DealBook)
• A Move Is Afoot to Keep Climate Science Out of Classrooms (Scientific American)
• Meet the new idiots, same as the… actually these idiots might be worse (FT Alphaville)
• NYSE, Nasdaq Consider Cooperating to Address Glitches (WSJ)
• Majority of Americans Doubt Benefits of Fed Stimulus (Economix)

What are you reading?


Ten Reasons Why You Must Attend the Big Picture Conference!


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 Thursday AM Reads”

  1. mauka says:

    “Beating the Market has Become Nearly Impossible” – Intense competition, technological advances and regulatory changes have left investors struggling, raising the question, ‘Is alpha dead?’

    Institutional Investor:

  2. willid3 says:

    and you thought you only had to worry about the government hacking you? think again

    seems that private data firms (who know just about as much about you as the government does. mainly cause they ‘buy’ the data from the states) got hacked them selves. course dont look now, but they arent the only source of lots of data about you, that would include the credit bureaus. and of course any business you deal with has more about you than you thought they might. some are even tracking you as you walk around their stores!

  3. It’s possible this has already been posted, but if not . .

    ” . . . amid a huge exodus of residents, plummeting tax revenues and skyrocketing home abandonment, Detroit’s leaders engaged in a billion-dollar borrowing binge, created new taxes and failed to cut expenses when they needed to. Simultaneously, they gifted workers and retirees with generous bonuses. And under pressure from unions and, sometimes, arbitrators, they failed to cut health care benefits — saddling the city with staggering costs that today threaten the safety and quality of life of people who live here.”

    How Detroit went broke: The answers may surprise you – and don’t blame Coleman Young (Detroit Free Press)

  4. willid3 says:

    slow down in productivity growth caused high income disparity???????

    talk about being blind.

    seems that the other claim might be more reasonable, low population growth. but then if you really look at it, China and Japan both have had low population growth, and aging populations. but there is a move a foot to really blame trade (which also seems to be part of the problem since it keeps policy fixes from happening. but that will lead (not might, will) to anti globalization , anti trade and anti capital, but lets not talk about any way to resolve that.

  5. Bob is still unemployed   says:

    Have you ever wondered how large google’s data warehouse would be if all the data were stored on punch cards?

    Google’s Datacenters on Punch Cards (

  6. garbo999 says:

    Qassem Suleimani is the Iranian operative who has been reshaping the Middle East. Now he’s directing Assad’s war in Syria.

    • hue says:

      Dexter Filkins was on Fresh Air discussing this story. Iran had backed us in Afghanistan, giving us a map of Taliban positions to hit. Then suddenly we announced that Iran was a part of the axis of evil, and Iran stopped helping us. Also, at the start of the Iraq war, Iran was nervous that we would invade Iran, after Iraq. When they saw how badly the occupation was going, they started to fight us, funding and training Shiite militias, making bombs, waging war with U.S. troops for 8 years, killing hundreds of Americans.

  7. techy says:

    Barry: waiting to hear your analysis/opinion on JP Morgan case?

  8. VennData says:

    All you people who are involved in the economy, you think the GOP whackjobs are kidding?

    You want to shut down the government for the Keystone Pipeline?! Your GOP heroes actually think they’ve got an idea here.

    Nice job GOP voter, explains why you are in the minority that is ever shrinking. This is all on you.

  9. DeDude says:

    “Once the Senate passes its version of a spending bill, House Republicans are considering attaching another item to it. That could be a one-year delay in the individual insurance mandate in Obamacare, a repeal of a medical device tax, a change in how the government handles congressional employee health plans or possibly something in support of the Keystone pipeline”

    That would be something if the Koch brothers little GOP sock puppets were to shut down government in support of the the Keystone pipeline. A project which will cost Midwest consumers another 20-30 cent hike in gas prices but give Koch industries a big fat profit as they pipe oil out of Texas ports to sell it to foreign countries.

  10. DiggidyDan says:

    Grand Theft Auto V features a virtual stock market. Interesting concept. The line between virtual and real life is being blurred. What if they had this in games like MMORPGs where people gold farm and pay real money in exchange for in-game gold and items?

  11. Herman Frank says:

    The King of Finance meets the regulator and offers 45% of ONE year’s take “to make it all go away”. Interesting how this is going to evolve. Can the Kali-cartel come up with the same type offer? Should be a bigger take for the regulator for sure!

    Instead, I propose we apply some spine to the process and re-introduce Glass-Steagal per 01 June 2014 (6-months implementation – no exceptions!) and evaluate the financial processes between 2005 and 2013 through the lens of the RICO-act. What is good for the mob-goose is good for the “other-mob”- gander!