Good morning. Some reads to peruse while we wait for the next geopolitical crisis to erupt:

• Howard Marks: In the End, the Devil Usually Wins (Finanz und Wirtschaft) see also Seth Klarman: Investors Downplaying Risk “Never Turns Out Well” (Value Walk)
• Float up with rates (Fidelity)
• After a Dazzling Early Career, a Star Trader Settles Down (DealBook)
• Meet the World’s Luckiest Investor (Motley Fool)

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.

11 Responses to “10 Thursday AM Reads”

  1. hue says:

    Why is American internet so slow? (The Week)

    Hacker Holds Meetup.com Hostage — for $300? (Mashable)

    Silence Is Now a Luxury Product (The New Republic)

  2. willid3 says:

    FED’s triple mandate?
    http://pragcap.com/bernanke-reveals-the-reality-of-the-feds-triple-mandate

    1 Maintain an orderly and stable banking system.
    2 Maintain price stability.
    3 Maximum employment.

    translates to (in order of importance)

    1 The banking system.
    2 Economists who are convinced every business cycle is a repeat of the 70′s.
    3 The average joe.

  3. thomas hudson says:

    http://www.washingtonpost.com/world/national-security/senate-turf-fight-hurts-approval-of-obamas-diplomatic-nominees/2014/03/06/f9640e72-a320-11e3-b865-38b254d92063_story.html

    The White House’s nominees to fill those diplomatic jobs and dozens of others have waited weeks or months for confirmation by the Senate before they can begin work. Their fate has become a proxy fight in a larger contest between both parties over control of the Senate schedule, and a growing diplomatic headache.

  4. ilsm says:

    Health spending per capita and life expectancy in various developed countries.

    I wonder if someone has median health spending per person for all the countries and where US median health spending fits with rest of the world.

    All those super star doctors, and extreme insurances………..

    I suspect health care spending per capita for homeless citizens and certain minorities who may be bringing down US life expectancy is abyssmal.

    While is not blaming karma.

    • ilsm says:

      Since 1948, when the “defense” department was birthed from the War Dept, US spent $26000B in 2010 dollars for war.

      Since the defense department’s budget nearly double after 9/11/2001 departent of forward defense in deserts has spent $6000B.

      The US Dpet of Veterans Affairs has a $150B annual budget that odes not figure in decisions to send volunteers to fight in deserts.

      How much of the $17000B in US debt would be there if the pentagon had not gone through $26000B not counting VA and nuclears weapons builders in the past half century or so.

      Since Reagan we spent $470B on stars wars which does not work [to intercept fictitious Iranian missiles] so that a US president does not have to deal with another country’s president after Slim Pickens nukes one of their cities.

  5. willid3 says:

    obviously this is a mistake

    http://www.forbes.com/sites/brucejapsen/2014/03/06/employer-health-cost-increases-at-15-year-low-as-obamacare-comes-into-view/?partner=yahootix

    Obamacare must be raising costs not lowering ..so some one must have made a mistake with their spreadsheet