My afternoon train reading:
• GM, Chrysler federal bailouts were net economic gain, report argues (LA Times) see also U.S. Treasury sold its last remaining shares in General Motors. (WSJ)
• I was the wife of a Wall Street ‘Wolf’ (NY Post)
• Swedroe: Hedge Funds Not Worth The Fees (Index Universe) see also “2 and 20″ Fading, Managers Need Big Assets or Performance to Profit: Citi Prime Finance Survey (WSJ)
• Low wages are stalling America’s economy (MarketWatch)
• Swedish Housing Surges to Unsafe Value as Debt Soars (Bloomberg)
• The Wall Street that will receive the Volcker rule is profoundly different from the one the Obama administration targeted at its outset. (WSJ) see also Near a Vote, Volcker Rule Is Weathering New Attacks (DealBook)
• Here’s what sequestration will look like in 2014 if the budget talks fail (Washington Post)
• NASA: Ancient Martian lake may have supported life (Yahoo)
• Study: U.S. poverty rate decreased over past half-century thanks to safety-net programs (Washington Post)
• Your Lifestyle Has Already Been Designed (Raptitude)
What are you reading?
100 Years of Family Spending in the US
Source: Visualizing 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.