My afternoon train reading:

• In defense of the EMH (Noahpinion) see also Why the efficient markets hypothesis merited a Nobel (FT.com)
• U.S. Bill Supply at Eisenhower-Era Low Seen Bolstering Bonds (Bloomberg)
• The Global Wealth Distribution (Conversable Economist) see also  What if “Global Headwinds” cease to be a thing anymore? (The Reformed Broker)
• Why The Military Is Pushing To Green The Government (Fast Company)
• Two views of default:
…..-From the Right: The Foolishness of Default Denialism (National Interest)
…..-From the Left: Radicalization of the GOP is the Most Important Political Story Today (Moyers and Co)
• Bodies Double as Cash Machines With U.S. Income Lagging (Bloomberg)
• Niall Ferguson’s Horrible Track Record On Economics (Business Insider)
• Boehner to Tea Party: Shut Yourself Down (Bloomberg) see also Markets Suffer D.C. Games, Because They Have To (Moneybeat)
• TED talks are lying to you (Salon)
• Important New Theory Explains Where Old Memories Go (Scientific American)

What are you reading?

 

Vital Signs: Shutdown Battle Taking Toll on Sentiment
Chart
Source: Real Time Economics

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 Tuesday PM Reads”

  1. RW says:

    Robert Shiller: ‘When I look around I see a lot of foolishness, and I can’t believe it’s not important economically’

    People should be encouraged to get professional help with their investing. We should be subsidizing financial advisers. In this country we seem to have come around to the idea that there might be a role for the government in subsidizing medical advice, though that is controversial, too. There might also be a role for subsidizing financial advice.

    It’s already tax deductible, but that only helps people with significant incomes. The system is not arranged so that low-income people have any subsidy for financial advice. That should change. I’d like to see more low-income people getting good financial advice.

    • ideasman says:

      Instead of legislating another tax, what if more financially smart people donated time to helping people. I already help my friends and family as much as possible, but could we create a central location online where people can go for advice? We don’t need more taxes or subsidize.

  2. ilsm says:

    If the army went green they would not have M-1 tanks that get 3 gallons to the mile in Afghanistan. Tanks not needed for mobility, and the 120MM smooth bore is a poor choice for indirect fires. Bio-fuels are renewable but…….

    Navy is moving ahead increasing the 9800 ton destroyers’ numbers in it frigate- ( a frigate is around 25000 ton) destroyer mix. It cannot conscience the price tag on either the new Zumwalt destroyer or a new class of frigates.

    GOteaprty: it is not the radicalization it is the tactics, and the impact of big money. Ike warned of the rich guys going after social security…..

    Boehner could bring to a vote a clean continuing resolution and a clean debt ceiling bill any time he wants.

  3. 873450 says:

    Pushing to Green is too late for Moose surpassing Polar Bear in global warming race to extinction.

    http://www.nytimes.com/2013/10/15/science/earth/something-is-killing-off-the-moose.html?hpw

    Moose Die-Off Alarms Scientists

    “Across North America — in places as far-flung as Montana and British Columbia, New Hampshire and Minnesota — moose populations are in steep decline. … Twenty years ago, Minnesota had two geographically separate moose populations. One of them has virtually disappeared since the 1990s, declining to fewer than 100 from 4,000. The other population, in northeastern Minnesota, is dropping 25 percent a year and is now fewer than 3,000, down from 8,000.

    Winters have grown substantially shorter across much of the moose’s range. In New Hampshire, a longer fall with less snow has greatly increased the number of winter ticks, a devastating parasite. “You can get 100,000 ticks on a moose,” … In Minnesota, the leading culprits are brain worms and liver flukes. Both spend part of their life cycles in snails, which thrive in moist environments. … Moose are made for cold weather, and when the temperature rises above 23 degrees Fahrenheit in winter, as has happened more often in recent years, they expend extra energy to stay cool. That can lead to exhaustion and death.”

  4. frodo1314 says:

    What if many, if not most, of the people who feel we are Taxed Enough Already are not “overwhelmingly white, aging, anti-gay, anti-immigrant, science-denying” constituents. Hmm, wouldn’t that not fit the profile and muck everything up.

  5. willid3 says:

    The main reason the military wants go green is because its always been hard to transport . Replacements are needed that are easier to transport

  6. rd says:

    Good story here revisiting Kirk Gibson’s home run interviewing the main participants:

    http://mlb.si.com/2013/10/15/kirk-gibson-dennis-eckersley-dodgers-athletics-1988-world-series-home-run-oral-history/

    An iconic sports moment. Only one at-bat but it made him a legitimate Series MVP candidate.

  7. rd says:

    The Cleveland Clinic is moving to address their over-staffing. A very interesting article in the Cleveland Plains Dealer looking at the complex interaction of Obamacare, Medicare, and Medicaid in health finance and their impacts on hospital finances, especially in states that refused to take federal money to expand Medicaid:

    http://www.cleveland.com/open/index.ssf/2013/10/is_obamacare_realy_to_blame_fo.html

    http://articles.sun-sentinel.com/2013-10-15/business/fl-cleveland-clinic-weston-buyouts-20131014_1_job-cuts-health-care-cuts-south-florida

    The cuts “just keep coming,” Steinberg (American Hospital Association) said.

    Ummmmm……yes, they will. The US spends 50% more on healthcare than the next developed country per capita and as a percentage of GDP. The cuts will keep coming over the next decade or two until the US medical costs are normalized with the rest of the world. We may be exceptional, but we can’t be that more expensive than the rest of the world, especially givern our level of military spending, without it impacting our economic bottom line.