My longer form reading, perfect for the long flight back home:

• An Aggressive Fed Finds Critics on Wall Street (Dealbook)
• Medication: The smart-pill oversell (Nature)
• 1% Jokes and Plutocrats In Drag: What I Saw When I Crashed a Wall Street Secret Society (NY Mag)
• Remembering ‘Adam Smith’ (WSJ)
• Crossing Borders and Changing Lives, Lured by Higher State Minimum Wages (NY Times)
• Life in the Nineties (your 90s) (New Yorker)
• How a crime becomes political: Trayvon Martin and the way different media co-create the news (Nieman Lab)
• Amanda, @TrappedAtMyDesk on Twitter, Dies, Age Unknown (Medium) see also Everything We Leave Behind (Zchamu)
• Should the government pay you to be alive? (Boston Globe)
• Where Soccer Gets Made (Roads and Kingdoms)

What are you reading?


Small Investors Jump Back Into the Trading Game  
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.

8 Responses to “10 Weekend Reads”

  1. xatta says:

    From that chart, I would not necessarily conclude that small investors are “diving back into stock trading” as the WSJ states. The January spike in trading volume at Ameritrade and E-Trade might have been due, at least partly, to people waiting for the calendar to flip over before realizing some gains. As you may have heard, 2013 was a good year for the stock market. It would be more interesting to see the net purchases at AMTD and ETFC, but they don’t publish that info.

  2. RW says:

    Your Fate? Thank Your Ancestors (ht <a href=""DeLong)

    When you look across centuries, and at social status broadly measured — not just income and wealth, but also occupation, education and longevity — social mobility is much slower than many of us believe, or want to believe.

  3. hue says:

    A Candid Conversation with Gawker’s Nick Denton (Playboy)

    Former Canadian Liberal Leader: “I Don’t See the President As An Intellectual at All” (The New Republic)

    The End of Higher Education’s Golden Age (Clay Shirky)

  4. Perhaps I am missing something, but these are metropolitan statistical areas, and based on 2012 census data these same six areas also had nearly . . . 25% of the US population.

    “Six metro areas — New York, Los Angeles, Chicago, Washington D.C., Dallas and Houston — account for almost a quarter of the nation’s $16.8 trillion economy; add in the next 17 highest-ranked metros, and you account for about half of all economic activity.”

    Chart of the Week: How metro areas drive the U.S. economy (Pew Research)

  5. Jojo says:

    Here’s question I am sure that many have though about at one time or another:
    Why Don’t Commercial Airplanes Have Parachutes for Passengers?
    Melissa February 19, 2014

    BR522 asks: Why aren’t commercial airplanes have parachutes?

    Seatbelts and airbags in cars save passengers lives. Parachutes save people who, for a variety of reasons, exit a plane in mid-flight. So why aren’t parachutes provided to passengers on commercial airline flights, in case of emergencies?

    Because they almost certainly would not save anyone’s life.

    Parachuting Basics

    When your average daredevil skydives for fun, the plane is typically travelling at between 80 and 110 mph when the skydiver jumps. Tandem and accelerated free fall (AFF) jumps occur between 10,000 and 13,000 feet, while static jumps can be as low as 3,500 feet.

    Student divers choosing the easiest, tandem jump, where the newbie is physically and securely attached to an experienced instructor, are still required to undergo “a half hour of basic ground instruction.”

    Braver neophytes who wish to fly untethered will have to endure:

  6. RW says:

    Release of Fed Transcripts Shows Fed Scary Ignorant in 2008, WaPo Scary Ignorant in 2014

    It’s great to be an economist in a top policymaking position in the United States. Unlike dishwashers, cab drivers, and most other workers, you are not held accountable for the quality of your work.

    …the release of the 2008 transcripts of the meetings of the Fed’s Open Market Committee (FOMC) once again show a group of people that is frighteningly ignorant of the economy.

  7. [...] Saturday’s on-line edition to get a sense of popular trends by reading just the headlines, and has a graph from that WSJ article that likely illustrates the gist of the story). Below I’ve [...]

  8. dcramer says:

    It would be interesting to study if the grades of the classmates who are not medicated improve when the ADHD kids are medicated. I.e. if the teachers spend less time dealing with the behavior of the ADHD kids, do they have more time to devote to the non-ADHD kids? Does it help the classmates’ outcomes?