Good morning. My morning train reading:

• How Wall Street makes a good investment bad: High fees (USA Today)
Albert Edwards: My Pick For Fed Chair Would’ve Been Basketball Legend Magic Johnson (Business Insider), see also Albert Edwards and Dylan Grice (Advisor Perspectives)
• Energy is gradually decoupling from economic growth (FT Alphaville)
• The new GE: Google, everywhere (Economist)

continue 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.

13 Responses to “10 Thursday AM Reads”

  1. hue says:

    The Six Things That Make Stories Go Viral Will Amaze, And Maybe Infuriate, You (The New Yorker) Chasing Pageviews Is Universal, And It Leads To Universally Crappy User Experience (DigiDay)

    Sit Back, Relax, and Read That Long Story — on Your Phone (The Atlantic)

    Upward Mobility Has Not Declined, Study Says (NYTimes) Check out the map from the study. When will the South rise? This would be interesting when the compare children born in the aughts in the coming decades.

    • willid3 says:

      seems like all of the most mobile, are from blue states? and the least mobile from red states?

      • hue says:

        yup. so many patterns, correlation, causation with blue and red states. I didn’t delve deeply into the study itself, but the data seemed like it was all before the Great Recession.

        Ezra Klein is consolidating the left blogistan from the Bush years, starting with Yglesias. They used to rail against the MSM, who had already been pounded for years from the right. They joined the MSM, and now are spinning off. Are there demand and money for policy wonks in the viralnova, shut Upworthy media landscape? I hope it works.

  2. Toktora says:


    Attempting to load takes you to a generic Site5 index page. It appears as if something is mucked up on the backend of the site….

  3. rd says:

    This article on retiring 35 years early was an interesting read.

    A couple of points that are not covered in the story:

    1. Taxes – at 25k/year income with a small family, income tax will be very low or none at all with no social security or Medicare tax since there is no wage and salary income. Keeps costs down but you are now relying on your neighbors to pick up the tab for all of the basic government services and infrastructure needed to run the country.

    2. Healthcare – there is no way to absorb any significant healthcare costs without dipping into the kitty big time. Obamacare subsidies will probably be of great use here to pay for insurance until Medicare kicks in or else just assume that you will walk away from major medical bills if they are incurred (once again relying on the neighbors to pick up the tab).

    3. A single child – 1 child is below population replacement rate but keeps the costs down. I assume the child is not planning on going to college or if he does, will take out loans or get financial aid to cover the cost since very few college age kids can pick up enough income at college to pay for it. This will either require require large debt or rely on the neighbors again to pick up the tab.

  4. Assuming these allegations are true, one may ask where the quality control processes were during this period, and why Mike Rogers and others who have devoted so much time speculating on Edward Snowden’s motives, were AWOL on an issue so vital to the integrity of our intelligence apparatus . . .

    “From 2008 to 2012, about 40 percent of the company’s investigations were fraudulently submitted, the Justice Department said.”

    Security Check Firm Said to Have Defrauded U.S.

  5. willid3 says:

    it seems that we really dont know Chinese companies are doing

    or US owned companies in China.

    then again, not sure why we think that investing there is such a good thing, when there have been more than few times were companies who were listed, were nothing but ghost companies

  6. ChrisS says:


    Maybe its just me (in which case please ignore this) but it would nice if the “Continued here” link showed up on your main page so that we don’t have to click on the post only to have to click a second time to get through to Bloomberg. First world problems, I know, but it’d save a few seconds since I always come to your site but want to see the full list which you only post on Bloomberg these days.

    Keep up the great work.

  7. VennData says:

    For the want of a gold bauble the Christian Louboutin was lost,
    For the want of a Christian Louboutin the ensemble was lost
    For the want of an ensemble the big gala was lost
    For the want of the gala the fund raising was lost
    For the want of the fund raising the chance for higher office was lost
    For the want of the higher office their freedom was lost.