Good foggy Wednesday morning. These are what crossed the transom this a.m.:

• Why We Buy in a Marked-Up Market (NY Times)
• The Insanely Profitable Federal Reserve (Daily Beast), see also Why the world shouldn’t fear the taper (Washington Post)
• Garbage In, Garbage Out: Or, How to Lie with Bad Data (Medium)
Jim O’Neill: What Five Days of Trading Tell Us About 2014 (Bloomberg), but see Decoded: BRICS (Bruegel)

 

Continues here

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.

5 Responses to “10 MidWeek AM Reads”

  1. RW says:

    Failing elites threaten our future

    Leaders richly rewarded for mediocrity cannot be relied upon when things go wrong.

  2. hue says:

    The Arsenal Next Door (Esquire) Mikhail Kalashnikov (Almost) Says He’s Sorry (Esquire)

    20 West Coast-Based Startups To Watch In 2014 (The Next Web)

    How college applications change in the era of Big Data (Marketplace)

  3. rd says:

    More proof that the markets are lean mean pricing machines driven by rational invesotrs operating under the rigors of the Efficient Market Hypothesis:

    http://blogs.marketwatch.com/thetell/2014/01/15/nestor-inc-soared-1900-as-confused-investors-try-to-play-googles-acquisition-of-nest-labs/?mod=MW_latest_news

  4. rd says:

    Freedom Industries is the gift that keeps on giving. Inspectors visited a second site of their in W. Va. and found that the secondary containment areas had been breached to let stormwater escape (you normally have to collect and treat stormwater within secondary containment areas so they will contain spills – but that costs money).

    http://news.yahoo.com/company-w-va-chemical-spill-cited-2nd-203609715.html

    The site was viewed as “low-risk” by regulators and so it wasn’t a priorirty for routine inspections by state or federal inspectors. However, that doesn’t mean that they are not required to follow appropriate procedures to prevent and clean-up spills. This appears to be another example of people assuming that if the inspectors aren’t showing up, then the rules don’t really have to be followed since it is just “over-regulation”. Privatize the profits and socialize the costs and risks. It will be interesting to see how their insurance firms view this.

    http://news.yahoo.com/facility-w-va-spill-flew-under-regulatory-radar-185307333.html

  5. rd says:

    The Great State of Florida and CNN are now going to give us months and months of TV legal analysis on the “Popcorn Defense” regarding when it is justifiable to use deadly force in response to being assaulted with a bag of popcorn.

    http://www.thedailybeast.com/articles/2014/01/15/ex-cop-s-shooting-of-texting-moviegoer-end-in-tragedy.html#url=/articles/2014/01/15/ex-cop-s-shooting-of-texting-moviegoer-end-in-tragedy.html

    Have we all gone certifiably insane?

    BTW – this is a highly trained police officer who would have gone through rigorous training and after-action debriefings on the appropriate times to pull the trigger in many stressful situations. If a person with his level of training can make such a bone-headed decision, how is the typical person carrying a handgun in public places supposed to do any better?