My Afternoon plane reading:

• Bull Market Shows No Sign of Death With Yellen Support (Bloombergbut see The Stock Market Is At An All-Time High — Here’s Why So Many Americans Don’t Care (Business Insider)
Idea Velocity: What I learned from SAC (Dasan 大山)
• Colleges are teaching economics backwards (WaPo)
• Does QE cause deflation? (Not Quite Noahpinion)
• What a Higher Minimum Wage Does for Workers and the Economy (Businessweek) see also America’s Role as Consumer of Last Resort Goes Missing (Bloomberg)
Surowiecki: Is Health Care Spending Finally Falling? (New Yorker)
• The Secrets Of A Memorable Infographic (Fast Company)
• Amazon Promises Package Delivery By Drone: Is It for Real? (IEEE Spectrum)
• Matt Hoyle’s Comic Genius: Portraits of Funny People (Neatorama)
• Star Trek Transporter Room Bath Mat & Shower Curtain Set (Think Geek)

What are you reading?

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.

17 Responses to “10 Monday PM Reads”

  1. romerjt says:

    “At Home” A Short History of Private Life by Bill Bryson . . In England, before chairs became common furniture they were used for leaders and conveyed authority like in committee chairman (person) and before tables became common for dining people ate with their bowls and plates on boards like in room and board or renter with eating privileges are boarders. Who Knew. Chairman of the board.

  2. A says:

    What a great story. Definitely not American Greed material.

  3. swag says:

    Piling on your first bullet with Doug Short’s valuation metrics update

  4. 873450 says:

    The Stock Market Is At An All-Time High – Here’s Why So Many Americans Don’t Care
    “By April 2012, with unemployment still elevated at 8.1%, stock ownership had fallen to 53%.”

    “There are 47 percent of the people who will vote for the president no matter what … who are dependent upon government, who believe that they are victims. … These are people who pay no income tax. … and so my job is not to worry about those people. I’ll never convince them that they should take personal responsibility and care for their lives.”
    GOP POTUS candidate Mitt Romney – May 17, 2012

    Same 47% that didn’t vote for Mitt because he didn’t care about them?

  5. Giovanni says:

    One thing the What a Higher Minimum Wage Does for Workers and the Economy piece didn’t go into was would raising the minimum wage help generate a little of the type of inflation the Fed has been trying to manufacture? Since participation seems to be waiting for something (?) to get it growing maybe a little wage inflation will put spending money in the average consumer’s pocketbook.

    After reading the Noahpinion piece on Does QE cause deflation? And taken together with the fact that the new Fed chair seems to lean at least as dovish as the present, if QE does cause deflation maybe we need to try something very different, like a trick play on third and long?

  6. rd says:

    By one measure, the US is the 19th least corrupt country in the world:

    Its odd. Many of the countries above us on the scale didn’t have major financial system problems over the past decade and have universal health care.

  7. rd says:

    Since graduated students don’t have the money to buy houses since many are unemployed or have large student debt, the financial sector has had to find another means to maximize borrower abuse. So it appears they have turned to extracting maximum fees and interest from the student loans. However, the CFPB is apparently making a move to provide some consumer protections regarding student loans. The overlords must be displeased at this move to corral their rentier profits from the serfs:

  8. willid3 says:

    is the US really a Christian country?

    we dont seem to act like one

  9. willid3 says:

    hm, all that ‘good’ news about black friday?

    may not be all it was made out to be!

  10. willid3 says:

    you mean we can’t trust companies to report what they have done correctly?

  11. willid3 says:

    what we are good at?
    “This country does a great job of creating wealth, but not a great [job] of distributing it.”

  12. willid3 says:

    did you realize that we ‘taxpayers’ are subsidizing CEO pay?

    seems that we gave companies tax breaks if they had ‘performance’ based pay.

    guessing we didnt indicate what that meant. and oddly enough executives can figure out how to accomplish that. for their benefit?

  13. rd says:

    Kozlowski must have been steaming in jail for the past 8 years. If he had just been able to keep the corporate fraud undetected for a few more years, he could have gotten Tyco declared a bank holding company and had the Fed and Treasury lining up at his door to dump money in to keep Tyco from failing. He would be sitting pretty now, retired with bushels of money.