My afternoon train reading:

• Are Speculative Bubbles Good? (New Yorker)
• Most investors have no idea what they’re doing (MarketWatch)
• Predicting economic turning points (Vox)
• Walmart On Welfare (National Memo)
• CME Gave High-Frequency Traders Peek at Market, Lawsuit Claims (Bloomberg)
• Krawcheck: Top Rookie Manager Mistakes (That Make You Look Like a Jerk) (LinkedIn)
• Why Do We Eat, and Why Do We Gain Weight? (New Yorker)
• Renewables, Nuclear Must Triple to Save Climate, UN Says (Bloomberg)
• How Google learned to stop worrying and mastered the Washington lobbying game (Washington Post)
• Everything You Need to Know About High-Frequency Trading (The Atlantic) see also ‘Flash Boys’: Michael Lewis does it again (Washington Post)

Whats for Seder?


Jobless Claims At Lowest Level in Nearly Seven Years

Source: Bespoke Investment Group

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.

6 Responses to “10 Monday PM Reads”

  1. >Most investors have no idea what they’re doing

    Financial Advice for People Who Aren’t Rich (NYTimes)


    “Rhetoric and opposition” is a generous characterization.

    “Janine Gibson, the editor of Guardian US, said they were particularly proud of winning the public service category.

    “‘I think those words say something about what Edward Snowden did, and what the reporters and editors did, in the face of a lot of rhetoric and opposition,’ she said.”

    Pulitzer Prizes for Coverage of N.S.A. Documents and Boston Bombing (NYTimes)

  2. willid3 says:

    single mother child poverty is a choice?

    could the housing bubble be the cause of the lack of demand?

  3. river says:

    An old article, but relating to the Bloomberg article and have found it to offer a good perspective on the challenges we will need to overcome.

  4. WickedGreen says:

    But … I thought “growth” was good?!

    (Pogo has a link for ya:

    Addressing transport emissions in a more comprehensive manner through urban design is one of the main themes at the U.N. World Urban Forum being held this week in Medellin, Colombia.

    “We are already struggling with the number of cars we have in the streets of our cities; congestion, air pollution, road safety issues, health impacts from people driving all the time,” said Luc Nadal, technical director for urban development at the Institute for Transportation and Development Policy (ITDP). “This is an absolutely unsustainable development model.”

  5. RW says:

    It’s Monday and guess who’s confused about economics again.

    Robert Samuelson Is Concerned That the Unemployment Rate Could Be Too Low

    Hey, who isn’t? His column today raises the possibility that because the long-term unemployed are effectively excluded from the labor market, they don’t exert downward pressure on the inflation rate. This means that we should only focus on the short-term unemployment rate, which is already near its average rate over the last two decades.

    There are many reasons for not accepting this view. …

  6. SecondLook says:

    That article about individual investors not knowing what they are doing, quietly doesn’t mention that these are very largely the people in the top 10% of net worth in the US – it would suggest that equity appreciation was not a major factor in their wealth accumulation. (I won’t go into the question about exactly what percentage of the economic elite got there through luck or inheritance, or connections; rather than astuteness.)

    An interesting cross comparison would be how well individuals have done in real estate investing – a sector I strongly suspect that has drawn more individual capital over the past century than stocks.

    Also, most investors have some exposure to bonds; how well have they done there?