Some reads to wind down the day:

• SEC Goldman Lawyer Says Agency Too Timid on Wall Street Misdeeds (Bloomberg)
• Big Data: Are we making a big mistake? (FT)
• Why buying a corporate jet pays for itself (Quartz) but see The Decline of the 99 Percent (MoneyBox)
• U.S. Economic Spring Is No False Dawn (Barron’s)
• Here Is Some Enriching Tax Data (Bloomberg View)
• 5 SEC Exam Red Flags (Think Advisor)
• Buying the Future (The New Inquiry)
• Flight 370: The depth of the problem (Washington Post)
• Wearable Intelligence in Healthcare (Wearable Intelligence)
• Microsoft Office for iPad Review (Paul Thurrott’s SuperSite for Windows)

Who wants ice cream?

 

Stocks Drop Sharply; Nasdaq Leads Market Lower

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.

4 Responses to “10 MidWeek PM Reads”

  1. VennData says:

    So you missed the rally. You listened to RIck Santelli, Maria Bartiromo, Fox News, David Rosenberg, the WSJ, the GOP.

    Why not insist that any capital gains on stocks over the last fie years be triply taxed? Imagine what sort of nasty things the liberals will do with this money if they’re allowed to keep it?

  2. willid3 says:

    just what is ‘fair’?

    http://everydayecon.wordpress.com/2014/04/07/what-is-fair/#comment-40864

    just because the 1% are getting 20% of all incomes doesnt mean its not ‘fair’. does it?

  3. DeltaV says:

    Regarding “Here Is Some Enriching Tax Data”:

    According to BLS, Treasury, and Census statistics, a maximum of 3% YoY gains are due to earned income. The rest is due to unearned income (capital gains). This is not an indicator of economic strength, it is an indicator of market strength.

    Sometimes I feel like Ripley in Aliens: “Did IQs just drop sharply while I was away?” Here are the facts, after applying the latest tax brackets to the latest Census income numbers: The top 3% of US taxpayers pay 50% of all income taxes. The bottom 50% of all US taxpayers pay 3% of all taxes. At high income levels, the income is predominantly unearned. Therefore, only unearned income can move the overall tax revenues enough to matter one way or another. Please run the numbers. The truth is out there. It has been published by multiple government agencies. You just have to think.

    And by the way, Bloomberg View has an article up right now fully supporting my analysis, which is 100% supported by all evidence — see “Don’t Try Calling This Jobs Market Normal”.