Pour a tall cup of Joe, and settle in with these reads:

• What’s different about this downturn? Not much Or, Why a stock market correction should make you happy (MarketWatch) but see U.S. markets tumble as emerging-markets fear spreads (WSJ)
• The Myth of a Stock-Picker’s Market (WSJ)
• Is 60/40 the Right Portfolio Mix for You? (Black Rock)
• Roddy Boyd finds alleged Ponzi schemer (Columbia Journalism Review)
• Existing Home Sales Soaring Highs Deceptive (The Economic Populist)
• About That Jamie Dimon raise . . . (FT Alphaville)
• Tech: Uber And Disruption (TechCrunch) see also What Jobs Will the Robots Take? (The Atlantic)
• TED talks are lying to you (Salon)
WTF? The world put $4 billion on Starbucks gift cards last year (Quartz)
• The Macintosh is 30 years old  (Kottke)

Whats for brunch?


U.S. Markets Tumble as Fear Spreads

Source: WSJ


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.

10 Responses to “10 Sunday AM Reads”

  1. hue says:

    A Toast Story: she was near toast, then she got into Trouble and started an artisanal food craze (Pacific Standard)

    I’ve Got Whooping Cough. Thanks a Lot, Jenny McCarthy. (The New Republic) The toll of the anti-vaccination movement, in one graphic (LATimes)

    BR posted yesterday the excellent story about tech CEO collusion. Did you notice the headline, Techtopus? Mark Ames, the writer, probably didn’t write that. This next story has been posted here about Ames and his old journalism partner who gave us the term Vampire Squid.

    Lost Exile: The unlikely life and sudden death of The Exile, Russia’s angriest newspaper. (Vanity Fair)

    Another Ames’ classic, posted by BR or maybe willid3 (warning: you may spit up your coffee)
    Atlas Shrieked: Ayn Rand’s First Love & Mentor Was a Sadistic Serial Killer Who Dismembered Little Girls (The Exiled)

  2. chartist says:

    The emergency markets index, EEM, appears to be in a descending triangle on a monthly chart. If the break of support occurs, as I believe it will, the implied move is to 20. I think Wall St. will use any excuse it can to instill a little volatility into the US indexes. I also believe the Fed sees this risk and will slow the taper dramatically.

  3. VennData says:

    Cruz never wanted to shut down the government! Never said he wanted to! And never did!

    SEN. TED CRUZ, to Bob Schieffer on CBS’s “Face the Nation,” on whether he could conceive of shutting down the government again: “I didn’t threaten to shut down the government the last time. I don’t think we should ever shut down the government. I repeatedly voted … to fund the federal government. … [W]hy is it hard to understand that [Democrats] forced a shutdown when they think it benefits them politically?” …


    This is what you put into our nation’s power system GOP voter. Thanks.

    • rd says:

      The Big Lie is always the way to go. Let the other side disprove you. They can’t, because you just claim its a conspiracy against you. Last fall is old news and facts are starting to blur in people’s heads, so Ted Cruz is probably taking the right approach from a psychopathic, sociopathic politician’s perspective.

  4. Jojo says:

    Ever wonder what it might cost to take someone out?
    The Guardian
    The Observer, Saturday 25 January 2014

    Hitmen for hire: academics unlock the secret behaviour of Britain’s contract killers
    Study finds the average cost of a hit is £15,000 – and motive is often mundane

    They are classified as novices, journeymen, dilettantes or masters. They are Britain’s hitmen – killers who ply their deadly trade in return for cash, and who for the first time have become the subject of a major academic study.

    The killers typically murder their targets on a street close to the victim’s home, although a significant proportion get cold feet or bungle the job, according to criminologists who examined 27 cases of contract killing between 1974 and 2013 committed by 36 men (including accomplices) and one woman.


  5. Jojo says:

    I’m not fan of FB but this retort to the Princeton story that FB may disappear in the next few years is is too good to pass up…:)
    Debunking Princeton
    January 23, 2014 at 1:57pm

    Like many of you, we were intrigued by a recent article by Princeton researchers predicting the imminent demise of Facebook. Of particular interest was the innovative use of Google search data to predict engagement trends, instead of studying the actual engagement trends. Using the same robust methodology featured in the paper, we attempted to find out more about this “Princeton University” – and you won’t believe what we found!

    In keeping with the scientific principle “correlation equals causation,” our research unequivocally demonstrated that Princeton may be in danger of disappearing entirely. Looking at page likes on Facebook, we find the following alarming trend:


  6. Jojo says:

    Union Members Summary
    For release 10:00 a.m. (EST) Friday, January 24, 2014 USDL-14-0095
    Technical information: (202) 691-6378 * cpsinfo@bls.gov * http://www.bls.gov/cps

    UNION MEMBERS — 2013

    In 2013, the union membership rate–the percent of wage and salary workers who were
    members of unions–was 11.3 percent, the same as in 2012, the U.S. Bureau of Labor
    Statistics reported today. The number of wage and salary workers belonging to
    unions, at 14.5 million, was little different from 2012. In 1983, the first year
    for which comparable union data are available, the union membership rate was 20.1
    percent, and there were 17.7 million union workers.

    The data on union membership were collected as part of the Current Population
    Survey (CPS), a monthly sample survey of about 60,000 households that obtains
    information on employment and unemployment among the nation’s civilian noninstitutional
    population age 16 and over. For more information, see the Technical Note.

    Highlights from the 2013 data:

    –Public-sector workers had a union membership rate (35.3 percent) more
    than five times higher than that of private-sector workers (6.7 percent).
    (See table 3.)

    –Workers in education, training, and library occupations and in protective
    service occupations had the highest unionization rate, at 35.3 percent for
    each occupation group. (See table 3.)

    –Men had a higher union membership rate (11.9 percent) than women (10.5
    percent). (See table 1.)

    –Black workers were more likely to be union members than white, Asian, or
    Hispanic workers. (See table 1.)

    –Among states, New York continued to have the highest union membership rate
    (24.4 percent), and North Carolina had the lowest rate (3.0 percent). (See
    table 5.)


  7. rd says:

    Apparently the prote4sts in Ukraine are beginning to look like a combination of the Crusades, a Renaissance Fair, ancient Chines rocket artillery, and 20th century Molotov cocktails:


    Also a CNY Olympian has asked his parents not to come to Sochi because he is concerned about their safety if they go:


    I assume that this was the world-class PR that Putin was looking for when he went after the Winter Games

  8. willid3 says:

    i thought conservatives and tea partiers were against unions and government intervention?


    unless of course it keeps those who might vote for them to keep on voting from them?