My morning reading:

• The Inefficiency of the Market Isn’t An Open Question (Rational Irrationality) see also Beating the Market: Yes, it can be done (Economist)
• What the Heck Is Smart Beta Anyway? (Morningstar)
• Singapore Shows Asia How To Crack Down on Housing Bubble (Bloomberg) see also China Intervened Aggressively in Currency Markets in Latest Quarter (WSJ)
• Imagining the Dollar Without Its Privilege (NYT)
• Bidding wars for houses begin to fade (Housing Wire)
• 2% of China’s public consumes one-third of world’s luxury goods (Want China Times)
• Malcolm Gladwell’s real problem (USA Today)
• China Presses U.S. Lawmakers to Lift Debt Limit (Bloomberg) see also House Republicans Show Themselves To Be Dangerously Incompetent, Again (Business Insider)
• Why Apple Hired Burberry CEO as SVP of Retail (stratēchery)
• 10 Unique Ocean Landscapes (The World Geography)

What are you reading?

 

Smallcaps Hit New All-Time Highs
Chart
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.

10 Responses to “10 Wednesday AM Reads”

  1. Internet Tourettes says:

    In the NYT, comentary from from Bruce Bartlett:

    “This week, according to the Treasury Department, it will exhaust its “extraordinary” measures to avoid hitting a hard debt ceiling. It is not known precisely the date at which it will lack the cash to pay interest on the national debt, but on the day that happens, the United States will be in default.

    The Obama administration and those on Wall Street have long thought that such a prospect was so horrifying that it would necessarily lead to resolution of the current budget impasse. What I don’t think they understand is that there has been a movement under way for some years among right-wing economists and activists not merely to default on the debt, but even to repudiate it.

    Those making this argument are largely unknown to professional economists and journalists, but their research permeates the obscure Web sites where Tea Party members get their ideas. And not all are obscure. The late Nobel Prize-winning economist James Buchanan supported debt default, as has the Harvard historian Niall Ferguson………..”

    http://economix.blogs.nytimes.com/2013/10/14/for-many-hard-liners-debt-default-is-the-goal/?_r=0

  2. Bob is still unemployed   says:

    Is targeted advertising on the web helpful or harmful? In an article, Targeted Advertising Considered Harmful, Don Marti argues that targeted advertising not only doesn’t work, but is harmful to its goals.

    The ad blocking paradox

    As web ads get more and more closely targeted to the user, more and more users are choosing ad blockers, “Do Not Track” and other privacy technology. According to a survey by the Pew Internet and American Life Project, most US users “are not okay with online targeted advertising.” The industry tells us that ads are getting more personalized and relevant, so why isn’t blocking going down instead? Why aren’t users saying, “There’s a magic machine in a data center that will only show me ads for stuff I really want to buy? Better turn off the ad blocker!”

  3. hue says:

    Since We’re Talking About Debt And Deficits Again, Here Are The Facts (Biz Insider)

    The MBA Is Being Transformed, For Better Or For Worse (The Economist)

    House Republicans Support Deal In Exchange For Malia Obama (The Onion)

  4. RW says:

    It looks like the shutdown/deadline will be postponed today — I was going to say “ends” but that’s not what’s happening — it will cost me some short-term opportunity but I’m not sorry; a respite from the stupid and psycho would be welcome even though I fully expect it to continue regardless.

    A lot of damage has been done in the past two weeks and main street is not going to come roaring back within a quarter. We’ll be back at this again in a few months and partially healed wounds will doubtless be reopened as negotiations continue. There is a rumor that modifying sequestration will be part of those negotiations but no guarantee and, like gangrene, it will continue to spread its poison in the meantime.

    Sequester Watch, #26

    This ain’t no way to run a country …unless you want to run it into the ground.

  5. swag says:

    “…a society based on nothing but selfishness and greed is not a society at all, but a state of war of the strong against the weak.”

    http://www.nybooks.com/blogs/nyrblog/2013/oct/16/bleak-house/