My afternoon train reading:

• Don’t Blame the Robots: Assessing the Job Polarization Explanation of Growing Wage Inequality (EPI) see also Ashton Kutcher vs. Wal-Mart: Epic Twitter clash rages over poverty wages (Salon)
• This is why you shouldn’t pay attention to consumer confidence indicators (Washington Post)
• Trading Probes Have a Long Way to Go (WSJ)
• Cost Aside, JPMorgan May Have a Good Deal (DealBook) see also JPMorgan’s bait-and-switch: The ballyhooed settlement is just a scam! (Salon)
• The annual press flubbing of Thanksgiving dinner (CJR’s The Audit)
• Desperate to Taper (Tim Duy’s Fed Watch) see also Fed Casts About for ZIRP Endgame (WSJ)
• Why Do We Care About Malcolm Gladwell’s Media Diet? (New Republic)
• The Social/Communication Map (stratēchery)
• The News Provider of the Future (Priceonomics)
Super cool: Bob Dylan’s Official Interactive Video for “Like A Rolling Stone”  (Bob Dylan)

What are you reading?


Inflation adjusted Dow trading 0.2% off 1999 peak

Source: Chart of the Day


Category: Financial Press

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3 Responses to “10 Thursday PM Reads”

  1. Gnatman says:

    Dust bowl to return?
    “government biofuel mandates, coupled with over-subsidized crop insurance policies, encouraged farmers to put more than 5.3 million acres of highly erodible land under the plow”

  2. rd says:

    Air tavel is about to become much more dangerous. Expect an increase in assault complaints as travellers react to being trapped in a center seat between two people gabbing on cell phones. I imagine the flight attendants union is going to have something to say about this as they end up being the linesmen having to go into the hockey fights to break them up.

  3. Giovanni says:

    RE: Assessing the Job Polarization Explanation of Growing Wage Inequality

    One of the lessons of history available to those interested is that at the end of WWII the authors of the Marshall Plan and its siblings made a conscious choice to trade our wage exceptionalism for a planet full of competitive market economies in exchange for the hope of avoiding WWIII. The inevitable playout of this bargain was that the cost of goods around the world would have to equalize over time and that is what has happened. In the medium term the only differences could be the cost of shipping goods to their end market and differences in productivity. In the long term some combination of our wages falling and others rising to equilibrium was preordained. Like it or not for the almost seventy years we’ve avoided turning the planet into a blackened lump of charcoal which was the survivors of WWII’s most fervent hope.

    Entertaining as they may be, I for one am happy to not have had to live out any of the post-apocalyptic scenarios imagined by filmmakers over the decades and hope that that continues for my lifetime and those of my children. Meanwhile we’ll just have to find a way to be more competitive… or devalue our currency.