My afternoon train reading:

• Why the leaders of the two largest developed economies are begging companies to raise pay (Quartz) but see Will robots steal our jobs? The humble loom suggests not. (The Switch)
• Indexing: The long-term view on investing (Vanguard)
• Wall Street Attracts Chop Shops 20 Years After ‘Wolf’ (Bloomberg)
• Obama Orders Creation of ‘MyRA’ Savings Accounts (NY Times)
• Emerging markets fight the Fed (WSJ) see also Investors from Illinois to Istanbul are finding the tide going out fast for stocks and other riskier investments. (WSJ)
Bartlett: Presidential Power, Bipartisan Hypocrisy (Fiscal Times)
• The 1920s Guide To NYC Tourist Etiquette (Gothamist)
• Yes, the right is behind on campaign tech. But it’s seizing the mantle on tech policy. (The Switch)
• The Older Mind May Just Be a Fuller Mind (New Old Age)
That seems awfully pricey! BMW Offers $458,000 M6 Luxury Sedan in China (Bloomberg)

What are you reading?

 

Fewer Immigrants Came to U.S. Last Year

Source: Real Time 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.

5 Responses to “10 Thursday PM Reads”

  1. willid3 says:

    economics tries to predict a lot using ‘easy’ assumptions

    http://pragcap.com/when-the-foundation-of-modern-econ-begins-to-crumble

    usually that are wrong too

  2. Petey Wheatstraw says:

    BMW Offers $458,000 M6 Luxury Sedan in China
    _____________

    “Communism” is giving “Capitalism” a run for its money.

    Hosted an old friend/former employee and his 20-something Chinese girlfriend, recently (he has run a factory in China for the past decade, or so). Showed her around DC for a couple of days. Very fashion conscious, although with a somewhat textbook vs. reality naiveté. She was fairly good with English, but probably overwhelmed by the various accents and use of vernacular. Spent lots of time on her iPhone. Told me I cooked like a Chinese man. I took it as a compliment.

    Interesting, that in one conversation, I mentioned how interesting it was that in my life (and I’m not an old man, by any stretch), I had seen China go from a closed society to hosting one of it’s ordinary citizens in my home. I mentioned Chairman Mao. Her eyes glazed over, as if she was unfamiliar with what I was referring to. It was unsettling, in a sense. Enough to be memorable.

    The Chinese ain’t in Kansas, anymore.

  3. rd says:

    The most important movie of he year is coming out:

    http://online.wsj.com/news/articles/SB10001424052702303553204579347031590079364?mod=WSJ_article_EditorsPicks

    Apparently it tackles the major philosophical dilemma about whether or not you have to follow the directions that come with a Lego set.

  4. traderdc says:

    if we are going to speak of dead funds in the index versus active comparison, should we not also use an AUM weighted performance metric?