My longer form weekend reads:

• How the Bank Lobby Loosened U.S. Reins on Derivatives (Bloomberg) Enormous article that explains how the banks helped to bring about a period of reckless, radical deregulation, then blew themselves up.
• This Man Moved to a Desert Island to Disappear. Here’s What Happened. A strange and fascinating tale (New Republic)
• The Geeks on the Front Lines (Rolling Stone) see also The Tech Intellectuals (Democracy)
• A Hundred Bucks Says You Won’t Read This Story: new hundred-dollar bill coming this fall (Esquire)
• In Which I Interview an HFT and Ask Him Some Tough Questions (Cognitive Concord)
• Stop pretending we aren’t living in the Space Age (io9)
• Why ‘Drink More Water’? massive pro-water-drinking program launches today, making dubious claims (Atlantic)
• Hi, It’s Your Doctor: The return of the housecall (Opinionator)
• Have Sports Teams Brought Down America’s Schools? (New Yorker)
• T. Rex Might be the Thing with Feathers: Behind every famous dinosaur are unsung heroes. (Nautilus)

Whats up for the weekend?


The Fall and Rise of One Subprime Mortgage Bond
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.

12 Responses to “10 Weekend Reads”

  1. ilsm says:

    Putin Lectures Obama:

    “Two thirds of the American people opposed the war, yet elites have been debating how to ignore the will of the people. These domestic politics are the real subject of Putin’s lecture.”

    I think the US’ demands; “verify, verify….” will be so unacceptable to Syria that no deal will come of the UN initiative and provide Obama with a tea party approved “cover” to bomb Syria shows the US will not act in the world community.


  2. [...] An interesting interview with Rishi Narang, Inside the Black Box: A Simple Guide to Quantitative and High-Frequency Trading.  (Cognitive Concord via @ritholtz) [...]

  3. peggysue says:

    Who cares if Alabama beats AandM?.
    College football now has polluted high school ball.
    I know a couple that drive 500 Miles ONE WAY to attend every home game at old Siwash U. Been doing it for over 20 years. Have dozens of other examples. All the ESPN talking heads bring scads of knowledge?? To the table. Reporting of recruiting of HS “student” athletes now is an intellectual pursuit.
    What has all this given us?
    Scandal at Ohio State, UNC, Miami, Penn State and now Oklahoma State. Riots and coaches brawling at HS GAMES.
    Tremendous waste of time, $$, and energy. Education takes a back seat to football at college and now high school level. Ultimately USA will pay the piper for this and other craziness.
    Football is not for me. Gave it up at all levels years ago.


  4. swag says:

    “That’s why the results of a new study are so intriguing. It found that holding as little as 20 percent in stocks upon retirement, with the remainder in bonds, would result in a smoother ride during turbulent markets, and the money would last a few years longer.”

  5. VennData says:

    Deal Reached to Destroy Chemical Arms in Syria

    The GOP, Rupert Murdoch and the Tea Party-rooting Media Machine may not think Obama has no credibility as a military leader, but it seems everybody else does (including the Gaddafi and bin laden families.)

    Oh don’t worry they’ll just pretend this isn’t real, the way the stock market, record corporate profits, record exports, record GDP and declining oil use and deficits are not real.

    QED Republicans are just dumb.

    • 873450 says:

      Assad deposed or exiled will be 3rd Middle East tyrant overthrown without American military boots on the ground during Obama’s presidency. Inevitable civil war is 21st century chapter of thousand-year religious strife in a volatile region that can never be resolved externally.
      - Still, not a fan. Obama is a tragic disappointment

  6. RW says:

    Collusion in the Potash Market

    A dispute between two obscure mining companies in the former Soviet Union has ended, at least temporarily, a cartel that artificially propped up the price of potash, an important fertilizer needed by farmers around the world.

  7. formerlawyer says:

    Interesting first person history of major decision makers in Canada to the financial collapse of the late 2000′s.

  8. Jojo says:

    MIT Technology Review
    September 12, 2013
    Report Suggests Nearly Half of U.S. Jobs Are Vulnerable to Computerization

    Oxford researchers say that 45 percent of America’s occupations will be automated within the next 20 years.

    Rapid advances in technology have long represented a serious potential threat to many jobs ordinarily performed by people.

    A recent report (which is not online, but summarized here) from the Oxford Martin School’s Programme on the Impacts of Future Technology attempts to quantify the extent of that threat. It concludes that 45 percent of American jobs are at high risk of being taken by computers within the next two decades.

    The authors believe this takeover will happen in two stages. First, computers will start replacing people in especially vulnerable fields like transportation/logistics, production labor, and administrative support. Jobs in services, sales, and construction may also be lost in this first stage. Then, the rate of replacement will slow down due to bottlenecks in harder-to-automate fields such engineering. This “technological plateau” will be followed by a second wave of computerization, dependent upon the development of good artificial intelligence. This could next put jobs in management, science and engineering, and the arts at risk.

  9. Jojo says:

    How 3-D Printing Body Parts Will Revolutionize Medicine
    Welcome to the age of bioprinting, where the machines we’ve built are building bits and pieces of us.

    By Steven Leckart Posted 08.06.2013

    A device the size of an espresso machine quietly whirs to life. The contraption isn’t filled with fresh, pungent grounds but, instead, spoonfuls of opaque, sterile goo. Its robotic arm moves briskly: It hovers, lowers, and then repositions a pair of syringes over six petri dishes. In short, rapid-fire bursts, they extrude the milky paste. Soon, three little hexagons form in each dish. After a few minutes, the hexagons grow to honeycomb structures the size of fingernails. No one here is getting a latte anytime soon.

    The honeycombs are human livers, says Sharon Presnell, chief technology officer of Organovo–or at least the foundations of them. The tiny masterpieces of biomedical engineering are nearly identical to tissue samples from real human livers, and they are constructed from actual human cells. But instead of growing them, scientists in the gleaming, 15,000-square-foot headquarters of Organovo print them, just as they would a document. Or, more accurately, just as they’d print a scale model.

    In two decades, 3-D printing has grown from a niche manufacturing process to a $2.7-billion industry, responsible for the fabrication of all sorts of things: toys, wristwatches, airplane parts, food. Now scientists are working to apply similar 3-D-printing technology to the field of medicine, accelerating an equally dramatic change. But it’s much different, and much easier, to print with plastic, metal, or chocolate than to print with living cells.

  10. RW says:

    The Undercover Economist Strikes Back: by far the worst thing about it is the title Tim Harford’s book reviewed.

    …what Harford has achieved with his new book is nothing less than the holy grail of popular economics. While retaining the accessible style of popular microeconomics, he has managed to explain, with clarity and good humour, the knottiest and most important problems facing the world’s biggest economies today.

    He is no fatalist when it comes to macro: it is important; there are things we know are true; there are things we know are false; what we do can and does make a tangible difference to how wealthy and happy we become. He explains these things in an unprecedentedly accessible way, making liberal use of quotations from The Hitchhiker’s Guide to the Galaxy and Dr Strangelove.

    By the end of it all, you will understand everything from liquidity traps to the Lucas critique – and your eyes won’t glaze over when reading about such things. Harford has written the “macroeconomics for beginners” book we have all been waiting for; I just wish that it had been published as such …

  11. catman says:

    ilsm – Reading Putin’s Op-ed in the Times I thought it might have been ghosted by Jimmy Carter.