My afternoon (please don’t be too late) train reading:

• China’s model stimulus has more to show for it than US (FT.com) see also America’s huge mistake on monetary policy: How negative interest rates could have stopped the Great Recession in its tracks (Quartz)
• Locking horns over the fiduciary standard (Benefits Pro)
• It’s about to get harder to buy a home (MarketWatch) see also Mortgage Lenders, Home Buyers Feel Rate Squeeze (WSJ)
• How High 401(k) Fees Can Doom Your Retirement Plans (Moneybox)
• As Entrepreneurs Keep Reminding Us, They Lied To Us In Econ. 101 (Forbes) see also Ten Things for Applied Econometricians to Keep in Mind (Econometrics Beat: Dave Giles’ Blog)
• People make the same basic investment decisions as monkeys, scientists find (Quartz)
• Mercy for the Fed (The Sun)
Sheila Bair: U.S. Banking System Still Fragile (WSJ) see also Banks Seen at Risk Five Years After Lehman Collapse (Bloomberg)
• Google Search Data Makes the RIAA’s Censorship Efforts Look Pretty Dumb (Gizmodo)
• How the Internet broke on 9/11 (The Switch)

What are you reading?

 

Comparing Tech’s Market Cap to Other Sectors
Chart
Source: Avondale

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.

8 Responses to “10 Wednesday PM Reads”

  1. GeorgeBurnsWasRight says:

    “People make the same basic investment decisions as monkeys, scientists find”

    Thanks. I now know where to find a cheaper investment advisor.

    • theexpertisin says:

      And in other areas as well.

      I submit that the monkey is more efficient and effective choosing leaders.

  2. swag says:

    “Raising the Bar on Target Date Due Diligence”
    - Manning & Napier

    http://advisorperspectives.com/commentaries/mp_091013.php

    Pretty dry reading, but interesting for those with, you know, an interest.

  3. willid3 says:

    the free market doesnt really work always. here is one example of a major fail
    http://www.forbes.com/sites/lorensteffy/2013/09/11/txus-imminent-bankruptcy-reveals-deregulations-failure/

    we in Texas ‘deregulated’ electricity. based on the promise that prices would go down. but low and behold, instead prices went up (can’t imagine why that was, after all, the industry was pushing for it based on lower prices. can you oxymoron?). Texas used to have among the lowest electricity prices (some thing about having natural gas, oil and coal). but no more. and one other state that looks like us (Oklahoma) still has those low prices. just not us, and we seem to always be on the edge of rolling blackouts (like were seen in that super bowl played in dallas. ok it was Arlington). so now we have a grid thats failing. and we dont have enough electricity. and we wont get more because prices are to low, and the companies cant borrow enough to build any way. and add on the drought etc. cant imagine why ALCOA closed their plant here.

  4. RW says:

    Annals of ignoble cowardice, Second Circuit edition

    …maybe because I’m not a lawyer, I feel like I can look at what’s going on in the NML vs Argentina case from a little bit of a distance. And when I do that, what I see is a series of court decisions which have undermined the very way in which debt is understood to work.

    …Firstly, they have turned the natural order of creditors on its head. Secured, unsecured, judgments, these three; now the greatest of these is, bizarrely, unsecured, with a pari passu clause. …

    Secondly, there’s no real logic to how this new system of jurisprudence should be enforced….

    Thirdly, the judges have created a new class of activity, for debtors, which is Worse Than Default. …

    Fourthly, it is now entirely acceptable, under New York’s system of jurisprudence, for judges to punish the innocent, rather than the guilty. …

  5. Francisco Bandres de Abarca says:

    JPMorgan Removes Lending Barriers in Booming U.S. Markets (and they’re not alone)-
    http://www.bloomberg.com/news/2013-09-11/jpmorgan-removes-lending-barriers-in-booming-u-s-markets.html

  6. DiggidyDan says:

    Companies lay off thousands, then demand immigration reform for new labor
    http://washingtonexaminer.com/companies-lay-off-thousands-then-demand-immigration-reform-for-new-labor/article/2535595

    Seems American workers are just too darn expensive, what with their outrageous demands for a living wage and the ability to pay off student loans/mortgages and raise their kids. Welcome to the new global economy, good luck, suckers.

  7. S Brennan says:

    On this day in particular, I would encourage all who still read my comments to take 3 minutes out of their lives to read this. I have issues with some minor details, but Vlad is being far more truthful than anything emanating from DC pols…or the media voices of the 1%.

    http://www.nytimes.com/2013/09/12/opinion/putin-plea-for-caution-from-russia-on-syria.html?pagewanted=all&_r=0