My train delayed, man it’s cold outside morning reading:

• Never Mind the Predictions: What Did We Learn? (NY Times)
• Of brains and balls: Nassim Taleb’s macro bets (Noahpinion), see also Nassim Taleb used to be my hero. But today, he’s just plain wrong. (The Week)
• Buybacks, Great Rotation, and Melt-Up (Dr. Ed’s Blog)


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.

9 Responses to “10 Tuesday AM Reads”

  1. hue says:

    Tech Companies Crash The Connected Home, Make A Mess (Minyanville)

    The Internet is Hostile for Female Journalists (The Atlantic) Click Farms Are the New Sweatshops (WaPo)

    This Is The Internal Grading System Google Uses For Its Employees — And You Should Use It Too (Business Insider)

  2. VennData says:

    ObamaCare Is Slowing Health Inflation –

    “…​The president’s reform is contributing to an historic slowdown in spending, which is good news for wages…”​

    • rd says:

      The thing that has baffled me the most about health care costs in the US over the past coupleof decades is why employers were not forcing insurance companies to figure out ways to force hospitals and doctors to control quality and costs. I came ti the conclusion a number of years ago that many employers couldn’t be bothered with this as it takes work and instead they would just take the increased premiums out of potential pay raises while transferring jobs to countries that don’t worry about things like healthcare for workers. On this front, the ACA has been stepping up to do the job that the private sector should have been doing over the past 20 years.

  3. Being able to predict ten years into the future is a truly remarkable talent, especially when you consider that it seems only yesterday that people were predicting the end of the world as we know it in Europe.

    “Goldman Sachs Group Inc. recommends investors cut allocations in developing nations by a third, forecasting ‘significant underperformance’ for stocks, bonds and currencies over the next 10 years.”

  4. VennData says:

    Jobless benefits just barely passes Senate.

    “…​House Speaker John Boehner, the top Republican in Congress, noted that he told the White House a month ago that any renewal of jobless benefits “should not only be paid for but include something to help put people back to work. To date, the president has offered no such plan,” Boehner said in a statement.​…”–business.html

    That’s his answer? Who is falling for Boehner’s nonsense anymore? Who out there would listen to that answer and reasonably think, “Gosh, that’s a great reason to vote this down here in the House.”

    Hey Boehner, why don’t YOU come up with something that will help create demand rather than threatening to default and shutting down government every time the economy shows improvement?

  5. rd says:

    A must-read article by Robert Gates as a prelude to his new memoirs:

    I figure Robert Gates is easily one of the 10 best cabinet secretaries of the past 30 years. I rarely buy any of these memoirs, as they are usually just self-serving puff-pieces to make money and try to redefine their repution. There is a good chance I will make an exception for Robert Gates’ book.