Some afternoon train reading to end your day:

• Active management industry in bafflingly good health (FT)
• The bearish verdict from market cycle analysis (Humble Student of the Markets)
• Enron-style price gouging is making a comeback (Al Jazeera America)
• How Milton Friedman Fomented the Barmy “Corporations Exist to Maximize Shareholder Value” Myth (Naked Capitalism)
• U.S. Uninsured Rate Drops to 13.4% (Gallup)
• Summers: Britain’s Economic Recovery Is Not A Sign That Austerity Works (Investors) see also Government Investment Hits Lowest Level Since World War II (Think Progress)
• ‘Dark Wallet’ Is About to Make Bitcoin Money Laundering Easier Than Ever (Wired)
• McConnell’s Nuclear Blunder Haunts Republicans (Bloomberg View)
• Performance Enhancing Drugs in Hollywood (& porn)  are not as stigmatized as in sports. (Sports On Earth)
• Culture Is the Key to Groundbreaking Creative Work (Brain Pickings)

What are you reading?

 

Tech IPOs went from frenzy to fizzle in about a month


Source: Quartz

 

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.

9 Responses to “10 Tuesday PM Reads”

  1. willid3 says:

    still with that fraud and thieving from New Zealand and the UK? might get some of toasty when the US come calling wondering why they allowed Russian money into the countries? after all of the sanctions? some done by the UK even?

    http://www.nakedcapitalism.com/2014/05/new-zealands-company-law-reform-stalls-meanwhile-gt-group-helps-thieving-despot-ukraine.html

  2. willid3 says:

    oh oh. its not being irresponsible that causes some to carry credit card debt

    http://www.demos.org/publication/debt-disparity-what-drives-credit-card-debt-america

    some times its more luck than any thing else. like loosing your health insurance and then having a health issue? or loosing your job?

  3. RW says:

    Unemployment is pretty clearly not structural (as the term is formally defined) and it may not be secular either.

    More on the Important New Blanchflower/Posen Pape

    OK, this Blanchflower/Posen paper [B&P] I mentioned yesterday is more important than I thought.

    As I read it, it’s a fundamental, straightforward take on an issue that often gets unnecessarily complex: if the job market is really tightening, where is it in the wage trends?

    … B&P’s finding that including labor force inactivity in their wage analysis helps explain some of the variation (in a particularly important way I’ll show below) has a very important implication. “If the depressed labor force is a statistically identifiable contributor to slack, then some of the current labor force inactivity can be reversed, much the same way unemployment comes down in the face of strengthening labor demand.”

    All of which leads to their key punchline:

    “A substantial portion of those American workers who became inactive should not be treated as gone forever, but should be expected to spring back into the labor market if demand rises to create jobs.”

    Obviously, that has important implications for both the living standards of working-age households and macroeconomic growth.

  4. swag says:

    Robert Shiller’s Data Say the Last Two Times Have Been Different (Dean Baker on CAPE)

    http://www.cepr.net/index.php/blogs/beat-the-press/robert-shillers-data-says-the-last-two-times-have-been-different

  5. VennData says:

    Tuesday’s takeaways: GOP establishment prevails

    Tea Partiers, Bible bangers, Clive Bunkers lovers and Donald Sterlings worshippers, Rick Santelli, Joe Kernan get used again so the elite New York Wall Streeters and trust fund punks can get their tax cuts for the rich.

    http://www.politico.com/story/2014/05/primary-results-north-carolina-thom-tillis-kay-hagan-republicans-2014-elections-106432.html

    Abortion? Flag Burning? Bengazi? You GOP voters are suckers. They’ll hae Bush/Cheney up there before you know it. Bring on the debts and deficits.

  6. VennData says:

    The Unlikely Ascent of Jack Ma, Alibaba’s Founder

    http://www.nytimes.com/2014/05/08/technology/the-unlikely-ascent-of-jack-ma-alibabas-founder.html

    He won’t even COME to America with our high tax rates and rule by executive fiat! He like all logical thinks HATES Obama and how Obama’s socialized everything, lies every month on the jobs reports and discriminated against anybody who is not in his coalition of sickos. Just look at the Stock market, propped up with mirrors and pretend earnings!

    Stand firm Jack Ma in your beliefs to ignore the US. We are a sinking ship destined for the Great Flood.

Leave a Reply

You must be logged in to post a comment.