My afternoon train reading:

• Yellen as Americans’ Favorite Shows Fed Is Captured by Democracy (Bloomberg)
• World likely to have 11 trillionaires within two generations: Credit Suisse (MarketWatch)
• Debt-Limit Disaster Is Exponentially Worse Than 2008 Lehman Debacle (Daily Beast) but see Everyone’s Talking About This Sneaky Solution To The Debt Ceiling That Might Be Even Better Than The Platinum Coin (Business Insider)
• Rallies End When “Good News” is Sold (The Reformed Broker)
• The great diversification bait and switch (FT Alphaville)
• US budget: Sequestration nation ( see also Recession Looms If Treasury Uses Tools to Prevent a Default (Bloomberg)
• US Shadow Inventory Reaches Five-Year Low (World Property Channel)
• Special Report: U.S. builders hoard mineral rights under new homes (Reuters)
• The New Science of Who Sits Where at Work (WSJ)
• Piracy Isn’t Killing The Entertainment Industry, Scholars Show (Torrent Freak)

What are you reading?


S&P 500 Hits Most Oversold Level Since June
Source: Bespoke

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.

6 Responses to “10 Mid-Week PM Reads”

  1. Irwin Fletcher says:

    My PM reading consisted of a letter from Blue Cross Blue Shield, my medical insurance provider.
    Current monthly premium $491
    New monthly premium $1343
    My premium is almost tripling.
    “If you like your current plan you can keep it” Really?
    Them’s the facts.

  2. rp says:

    Re: “super premium treasuries”. Say goodbye to liquidity. Those could suck it all up.

  3. bonzo says:

    Re: “U.S. builders hoard mineral rights under new homes (Reuters)”. Builders who engage in this sort of shady dealing are being short-sighted, sacrificing their long-term reputation for what are probably modest immediate profits. You’d think the house building industry and ruling class would want to crack down on this sort of thing, because it is terrible for consumer confidence. That they don’t appear to care indicates that something is still seriously amiss in our society. No one looking out for the long-run, but rather everyone grabbing as much loot as possible while they still can before the whole house of cards collapses. All parts of that preceding sentence are relevant to investors, but especially the collapse part.

  4. RW says:

    Four Reasons Debt Ceiling Breach Means Default

    More sophisticated debt ceiling junkies like to argue that “payment prioritization” can prevent a default. There are four problems with that:
    1. It’s illegal
    2. It’s impossible
    3. The timing doesn’t work
    4. It doesn’t solve the problem

    Hope somebody is starting to work on that ‘super premium’ T-note play; might need it.

  5. farmera1 says:

    The richest continue to buy land. Life is good if you are a .1%er.