My afternoon train reading:

• A Surprising Surge for Industrial Stocks (NY Times)
• You Can Thank or Blame Richard Stanger for Writing 401(k) (Bloomberg)
• 4 numbers to help you make sense of the stock selloff (Yahoo Finance) see also It’s the hot money, stupid (FT Alphaville)
• World Needs More Bridges, Roads & Power Grids, but do Investors Need ‘Infrastructure’ Funds? (WSJ)
• Son of Big Board Father No Friend to NYSE (Bloomberg)
• Hillary Clinton is the most formidable presidential frontrunner in modern era (The Guardian)
• The Middle Class Is Steadily Eroding. Just Ask the Business World. (NY Times) see also Why the Rich Feel Besieged: A checklist (MoJo)
• Study: Abortion rate at lowest point since 1973 (Washington Post)
• California Dries Up as Brown Pushes $15 Billion Tunnel (Bloomberg)
• How the Seattle Seahawks solved Peyton Manning (WSJ)

What are you reading?


Share of Labor Force Projected to Rise for People Age 55+ and Fall for Younger Age Groups

Source: Bureau of Labor Statistics


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.

7 Responses to “10 Tuesday PM Reads”

  1. swag says:

    Why the new CBO report on Obamacare is good news

    “The CBO projects that the act will reduce the supply of labor, not the availability of jobs. There’s a big difference. In fact, it suggests that aggregate demand for labor (that is, the number of jobs) will increase, not decrease; but that many workers or would-be workers will be prompted by the ACA to leave the labor force, many of them voluntarily.”,0,3106578.story#ixzz2sOYwvT7k,0,3106578.story#ixzz2sNcD3ZtJ

  2. RW says:

    And the beat goes on …and on.

    GunFAIL LV

    A relatively quiet week, with just under 40 entries. It’s happened before, but not very often. Despite the relative calm (at least in reported events), there were some truly remarkable accidents last week, including two tragic “thought there was an intruder” shootings that killed three people. …

    Thirteen kids were among last week’s GunFAIL victims, including five between the ages of 11 and 17 accidentally shot in a single incident in Milwaukee. The youngest victim of the week was one described only as a baby, accidentally shot to death by her father, …

    … In keeping with the theme, two people committing suicide with their guns accidentally shot or nearly shot people nearby with the same bullet.

    NB: See also The Gun Report by Joe Nocera

  3. willid3 says:

    another ‘improvement’ to the 401k. dont just add the company match in December, do it in January of the following year and only if the employee was employed on 12/31 of the previous year

  4. Bob A says:

    WaPo Rebuts Its Own Columnist On Claim That Obamacare Is Killing Jobs
    and echoed across FoxNews/WSJ/Marketwatch and the entire WackoStreamMedia

  5. Conan says:

    Share of Labor Force Projected to Rise for People Age 55+ and Fall for Younger Age Groups

    So the drop in the labor participation rate is or is not retiring Baby Boomers? looking at this graph and work done by Doug Short raises doubts.

  6. rd says:

    I don’t think 401ks are the reason that companies broke the implied employment contract in the 1980s. That was simply s product of normal business cycles. The employment disruptions in the 1930s were far worse. What was different was that people thought there was an employment contract with pension included.

    The biggest irony I saw in the piece is the the person who wrote 401k runs a small firm with independent contractors working for it with no 401k. The accidental nature of the tax code driving retirement plans, health insurance etc. with no over-arching principles other than political inertia means that we shouldn’t be surprised to get an overly complex system with lots of random outcomes dominated by lawyers.