Good Sunday morning, some weekend pre-brunch reads:

• Good News and Bad News for Stocks: The Global Economy Is Reviving (Barron’s)
• Google, Oracle Workers Enlisted for Obamacare Tech Surge (Bloomberg) see also The American Health Care System Sucks (Business Insider)
• When Buffett Was Right, but We Were Too Scared (MoneyBeat)
Housel: The Things You Shouldn’t Pay Attention To  (Fool)
• The Post-Crisis Money Rules: What We’ve Learned Since the Financial Crisis (WSJ)
• Morgenson: At Sears, Those Big Losses Get in the Way (NY Times)
• Conservative groups driving GOP agenda (Yahoo) see also Is Congress helping Wall Street loot your pension? (Market Watch)
• Why The Deep Web Has Washington Worried (Time)
• Tablet at the ready. FAA says fliers can use devices during all stages of flight (WSJ) see also Feeling squeezed in coach class? It’s not just you. Plane seats are shrinking (WSJ)
• What Would Look Like if It Were Built by Facebook, Google, or Microsoft (Slate)

Whats for brunch?


Morgan Stanley Strategist Warns Investors About Inequality

Source: Business Insider

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.

9 Responses to “10 Sunday AM Reads”

  1. hue says:

    Rage Against the Economic Machine: Why the Shooter is (Almost) Always a White Guy (Salon)

    Is There Anyone on Earth With As Much Debt As Me? (The Billfold)

    12 Million Americans Believe Lizard People Run Our Country (The Atlantic Wire) How to Spot the Reptilians Running the U.S. Government (The Atlantic Wire)

    • Iamthe50percent says:

      Re the Salon article” Oh my God! I understand how they feel. Deep deep down, I understand. Both the White Collars and the Blue Collars Been both an engineer and a mechanic. It resonates.

  2. RW says:

    Adjusting the Taylor Rule for the Unemployment Rate Bias

    …we still have a lot of slack in the job market, highly elevated unemployment (any way you want to measure it), and a strong rationale for aggressive monetary stimulus, not to mention fiscal stimulus, but that is blocked by government dysfunction. The message here is thus: good for the politically independent Fed for keeping the monetary pedal to the metal. That’s certainly the direction in which the data are pointing.

    How a Frustrated Blogger Made Expanding Social Security a Respectable Idea

    Thanks to decades of stagnant wages and the Great Recession, more than half of American working-class households are at risk of being unable to sustain their standard of living past retirement. Duncan Black is trying to change that.

  3. cbatchelor says:

    Note: The headline over the chart should read “FORMER Morgan Stanley Strategist Warns Investors About Inequality”
    Note to Tea Party-”…effective tax rates are at all-time lows, especially when looking at total profits as opposed to US domestic profits.”

  4. bear_in_mind says:

    Observation on W. Buffett article: The Devil is in the details. IMHO, people’s investing approach had less to do with being “scared” than being out-of-position and not having a $20,000,000,000 liquid asset reserve from which to invest. That’s one thing that regularly gets glossed over with Mr. Buffett’s approach. He has a deep, deep moat to draw upon, but in contrast, I don’t recall recommendations that most mortals keep 15-20-25 pct of their investment dollars piled in cash or money market assets. Even rebalancing wouldn’t account for being in a position to have that kind of liquidity. That leaves to a necessity to deploying assets according to tactical and/or strategic market timing; or utilize dollar cost averaging with an annual rebalance and let come what may.

  5. Jojo says:

    This is not going to make Dracula happy!
    In Focus
    The Atlantic | Alan Taylor
    Using Giant Mirrors to Light up Dark Valleys
    Oct 22, 2013

    The villages of Rjukan, Norway, and Viganella, Italy, are both situated in deep valleys where mountains block the sun’s rays for up to six months every year. To illuminate those darker winter months, the two towns have built gigantic mirrors that track the sun and reflect daylight downwards. Viganella completed its huge computer-controlled mirror in 2006, and Rjukan followed suit just this month, mounting a mirror that will reflect a 600 square meter (6,500 square foot) beam of sunshine into the town square below. [9 photos]

  6. Jojo says:

    Can E-Cigarettes Cure America’s $90 Billion Smoking Problem?
    By Morgan Korn | Daily Ticker – Thu, Oct 31, 2013 4:43 PM EDT

    It took 30 years for Peter Denholtz to give up smoking. But his nicotine addiction has been much harder to kick. “I’d be jonesing,” Denholtz admits when asked what would happen if he avoided the highly addictive chemical for 24 hours. Denholtz still carries a cigarette with him — an electronic one, that is. E-cigarettes, as they’re commonly referred to, are battery-operated devices that deliver hits of nicotine to the user when the liquid inside is heated and vaporized. E-cigs are becoming increasingly popular with former smokers and celebrities who are being paid to endorse the products on national television. But do not call an e-cigarette user a “smoker” unless you’re looking for trouble.

    “We don’t smoke,” says Talia Eisenberg, correcting a reporter’s observation. “We vape.”

  7. Robert M says:

    Slate’s poor quality sarcasm aside, google’s application being the ideal one from a point of sarcasm, though I suspect people now understand the the outrage they have at the NSA but haven’t grasped they voluntarily allow google to do the same, I suggest you look at CA’s website covered CA. com or Kentucky’s gov(I must add given the description of PA between Philadelphia and Pittsburgh, Pistoltucky, this is an extreme embarrassment for folks in PA and worse for those PA inhabitants who look down their nose at folks in West Virginia whom have medicaid expansion to help the ‘hillbillies”) to see a go website. Nor do the health insurance companies themselves have clean hands in terms providing workable websites.
    In PA a major provider in Central and Western PA did not allow its agents to see pricing until Oct 1st even on their own website, the exact opposite experience of people in CA whom knew who the 19 providers the state exchange had settled on and the premiums available to them a minimum of 30 days prior to Oct 1. Second these same providers site did not have the ability to enroll people who chose not to, did not want to or were ineligible to use the federal exchange, on their on site. Third w/in this same provider the ability to communicate w/ healthcare .gov has been fixed only w/in the last week. This ability will stymied by healthcare. gov was crucial for the purpose of exchanging MAGI in order to determine whether an applicant was eligible for Cost Sharing Reductions(CSR’s) if they chose a plan from the silver level of plans(metals represent the percentage that the plan will play once the deductible is met: Bronze, 60%; Silver, 70; Gold, 80; Platinum, 90). So even if the company and the applicant agreed on the plan, the applicant could not go unto healthcare. gov and apply on their own.
    Another criticism of Slate, publications and TV like Jon Stewart’s-his ad hominem attack on the ACA w/ Sec Sebilius showed a complete misunderstanding of the problem- is the disconnect it shows between the upper middle class applicants by education and proximity to either the Beltway and large Urban centers w/ their outlier office complexes and the rest of America. The disconnect is is the fact these people do not have a crystal ball in regards to their health. If they continue to float on a fog of privilege and do not acknowledge that bad things can happen them(“good people”?) regardless of their income, which to often is tied to their stock options, their failure to enroll in individual plans condemns them to the fate of bankruptcy; the most common current cause of bankruptcy in America is the inability to pay their medical bills. Worse to complain about their medically underwritten plans that provide false security; e.g a maternity plan that limits the dollar amount of coverage which is not enough to cover a C-section birth or what happens for those w/ a catastrophic illness/accident they reach the dollar limit of the plan. You can argue when and how often it happens but the question is why do you buy insurance which is to protect against the extreme situation; think life, home or auto.