Some Sunday morning reads to round out your weekend:

• Upside: Why Market Forecasts Are So Bad (WSJ)
• Bonds as the Ballast (Morningstar) see also Investors swap out of U.S. stock funds and into bonds at fastest clip on record (WSJ)
• Silicon Valley Can’t Stop Shit-Talking Itself on This New App (Valley Wag)
• Ten Lessons From a Hot Market (WSJ)
• Bogle on Having Enough, but Hungry for More (NY Times)
• Why Walking through a Doorway Makes You Forget (Scientific American) see also An Antidote for Mindlessness (Elements)
• Jon Stewart will save us! The future of healthcare may rest with “The Daily Show” (Salon)
• ‘Job-lock’ and the Republican dilemma over Obamacare (LA Times) see also Fact Check: Anti-Obamacare chorus is off key (Washington Post)
• Congrats, Millennials. Now It’s Your Turn to Be Vilified (Wired)
• What’s the most bullshit-sounding-but-true fact you know? (Reddit)

What’s up?


Turnabout on Global Outlook Darkens Investor Mood

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.

20 Responses to “10 Sunday AM Reads”

  1. RW says:

    Vladimir Mikhainovich Romneyov

    There’s lots of nonsense being talked about how the Republicans don’t have a natural candidate for 2016.

    In fact, there’s someone with (1) huge name recognition; (2) a strong anti-gay record; (3) unlimited willingness to violate human rights in “anti-terrorist” campaigns; (4) a love of weapons and cheap machismo; and (5) no liberal tendencies whatsoever. Mitt Romney praises him. As an extra bonus, you can see Russia from his house.

  2. farmera1 says:

    The real welfare queens; FARMERS

    There are lots of bad things about the new farm bill. One thing it absolutely does is makes it possible for farming operations to get bigger and bigger by eliminating/reducing the risk. With Government paid for insurance (you know how that works, the working guy making $30,000 is paying for the farming 1%ers), the farmers can keep expanding their operations. Power to the 1%, and if you don’t think farmers are part of the 1%, I have a story to tell you.

    Right up there with McDonalds and Walmart.

    • rd says:

      The combination of corproations taking over much of agriculture providing huge lobbying money and having Iowa at the beginning of the Presidential primaries means that agricultural subsidies have been a thrid-rail of US politics.

      It is similar to the influence of Florida as a Presidential swing state making normalizing relations with Cuba another third-rail. The fastest way for the Castros to leave power would be for the US to remove sanctions against Cuba. The avalanche of money into Cuba after that would crush any attempt by the Castros retaining power with their ideological focus.

      • san_fran_sam says:

        Socialism is fine as long as it helps the job creators and large political campaign contributors

  3. Bob is still unemployed   says:

    As I stare down a bowl of oatmeal once again, I am enjoying a couple of media items:

    Cartoon: Bandwidth on the run ( – ISPs wringing squeezing the Internet for profits.

    Video: Goodbye Net Neutrality, Hello Gilded Age Internet (youtube, runtime 2 minutes) – Humorous, yet pointed, look at the ISPs exploiting the Internet.

  4. rd says:

    The problems with putting too many people in deserts and semi-deserts:

    In the end, it would make little sense for areas with employment issues to ship water to other areas to sustain jobs there. One of the Rust Belt’s biggest long-term assets is access to plentiful fresh water. That will be one of the keys to its economic resurgence over the coming century.

  5. Stock Soup says:

    Brilliant what you did in the Washington Post. I’m going to think on my list for 2013 this week.

    For starters, I’m still way overweight AAPL under the theory there is a natural floor on the stock because if it’s massive cash flow generation and they are going to have to do something more shareholder friendly with it. I’m breaking my own diversification rules. I just love that cash flow.

  6. hue says:

    This Millennial Story Is Different (Pacific Standard)

    The Millennium Clock (The Long Now) Oak Beams, New College Oxford (Atlas Obscura) Brian Eno, Danny Hillis: The Long Now, now (Pocket Casts)

  7. ottnott says:

    Can’t pass this one up. Apologies if the link was previously posted:

    Yogurt-eating mice found to have larger testicles

  8. RW says:

    Speaking of welfare queens: how about current patent law?

    The Efficiency of Drug Patents and Other Silly Things Economists Say

    If you want to see an economist get really angry, suggest imposing a 20 percent temporary tariff on imported steel, as President Bush did in 2002. He can quickly produce the charts showing how this will lead to an inefficient outcome.

    If you want to see an economist get really confused, ask him how the story is different with a drug patent that allows a company to charge a price that is several thousand percent above the free market price. Of course you can use the exact same chart to show the inefficiencies, except with the drug patent the scale would be two orders of magnitude larger.

  9. rd says:

    One of the specific reasons cited by Tim Armstrong behind AOL wanting to cut employee’s 401k benefits has been identified:

    One of the points fo insurance is to try to spread the risk across as large a population as possible. As this example shows, even large companies make small population statistical pools when it comes to healthcare cost risk.

    • ottnott says:

      Single-payer insurance, please.

      Why would any corporation want the headache of dealing with health insurance?

      And why would we healthcare consumers want to continue a system where you have to pay your insurance company a quarter every time you pay your healthcare providers a dollar? What is the insurance company doing that is worth 25% of what the healthcare provider is doing?

  10. S Brennan says:

    I love watching NFL football, in spite having at it’s head, the most greedy & corrupt commissioner in it’s history. Of course, I am speaking of Rodger [Mr. Toady] Goodell.

    NFL cheerleaders get $50-150 a day? For the upper end, that’s less than $2.00 an hour, when you count mandatory unpaid practices and appearances? And no Benefits, NONE. The NFL doesn’t even pick-up their expenses. Walmart pay is generous by comparison.

    Sociopathic greed grips this nation and Goodell and the NFL owners are a prime example. And where is the players union[?], how about applying a little pressure, huh? What an embarrassment, Curt Flood, I miss you.