Afternoon train reads:

• Retirement: A third have less than $1,000 put away (USA Today)
• Draghi Rally Drains Europe of Bargains as BBVA Surges 98% (Bloomberg)
• Yellen’s Fed Will Sail Into Murkier Waters (NY Times)
• People Think We’re in a Recession. Don’t Blame Them. (Economix)
• How We Made the SOTU Twitter Visualization (OpenNews)
• Lobbyist on fighting GOP’s bank tax: ‘We’re going to beat this like a rented mule’ (WSJ)
• Hey pot smokers, check out these 24 mind-blowing facts about weed production (MoJo)
• Study Questions Fat and Heart Disease Link (Well)
• The Tea Party and Wall Street Are Friends After All (NY Mag)
• Nate Silver: What the Fox Knows (fivethirtyeight.comsee also Nate Silver Answers Questions on Reddit (Interviewly)

What are you reading?


Adjustable-Rate Mortgages Make a Comeback

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 Tuesday PM Reading”

  1. Bob is still unemployed   says:

    Toshiba Unveils Disease-Detecting Breathalyzer (

    “…The device, about the size of a small dishwasher, has a nozzle in which users blow several times.

    “It then analyses the puffs for traces of several gases which can signal the presence of several health problems including diabetes, stomach ailments and even the ordinary hangover….”

  2. willid3 says:

    high cost of health care in retirement

    and be sure to note. this is average, your mileage may vary.

  3. > About 36% of workers have less than $1,000 in savings and investments that could be used for retirement, not counting their primary residence or defined benefits plans such as traditional pensions

    The exclusion of the pension in the calculation eludes me, Detroit aside.

    • DHM says:

      I agree that the exclusion of pensions seems to skew this type of analysis.

      I guess it might orginate from the difficulty of determining the overall value of a defined-benefit pension as past of someone’s net worth.

  4. farmera1 says:

    The new age of crony capitalism from the Economist

    Who could have imagined this, when campaign contributions are made in unlimited amounts and in secret, what possibly could go wrong with that system.

  5. hue says:

    the mojo story needs better context, comparing weed to other crops

  6. RW says:

    If I could point to a single reason why I could not buy into this bull market more than 60% equities it would be this: I had no problem with raising the stake in a post-crash market — that was conceptually easy (if emotionally gut wrenching) in light of history — and the consequences of QE within a liquidity trap were clear to anyone who was aware of ISLM and didn’t have their austerian, moralizing ALL CAPS thumb up their ass: The equity markets were going to be goosed and interest rates/inflation would not even quiver.

    What I couldn’t understand was how any of that could be sustainable for more than a few quarters within the context of a “jobless recovery.” How the hell can a consumption-based economy grow and an equity market respond in kind when (overleveraged) consumers couldn’t afford to consume and a revanchist congress refused to fill the demand gap that resulted?

    The Most Important Economic Chart

    If you must know only one fact about the U.S. economy, it should be this chart: …

    I understand this much better now but it would have made no sense to me in 2008 or even by 2010 and that’s a flat fact.