Hey, the last reads of Spring: Get ‘em while they are fresh: (Continues here)

• Why stock markets keep shrugging off crisis after crisis (WonkBlog) but see With little upside left in euro zone bonds, how much is there in equities? (MoneyBeat)
• Performance for Pay? The Relation Between CEO Incentive Compensation and Future Stock Price Performance (SSRN)
• Gold posted biggest daily gain in nine months on Thursday (WSJ) see also Are You A Goldbug? – A Simple Quiz, Part 1 (Kid Dynamite’s World)
• Monkeys Are Better Stockpickers Than You’d Think (Barron’s)

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.

8 Responses to “10 Friday AM Reads”

  1. hue says:

    The True Cost of Hidden Money: A Piketty Protégé’s Theory on Tax Havens (NYTimes)

    The theft of Redskins land, in one animated map (Vox) If you were born here, doesn’t that make you a native?

    I Was a Digital Best Seller! (NYTimes) And yet I earned little money, and even fewer readers.

  2. Erjune says:

    While CEO pay may be negatively related to stock returns for stocks in general, I personally believe that, on balance, CEO compensation is directly proportional to stock returns for recent spin-off companies (at least for the first few years). Of course, this belief isn’t empirically warranted, but it does appeal to the undeniable motivating power of capitalism – particularly for new management who have something to prove.

  3. Concerned Neighbour says:

    Canada’s inflation rate jumps to 2.3% in May (Note: Core inflation up to 1.7%)
    http://www.cbc.ca/news/business/canada-s-inflation-rate-jumps-to-2-3-in-may-1.2682011

    I must say how non-compelling I find the argument that “stocks are the best of bunch of bad options”. The reason for that is entirely due to central bank intervention. There’s a reason why European periphery bonds are trading with lower yields than US treasuries, and it isn’t fundamentals. When you destroy price discovery so thoroughly, these are the perverse investment choices people are left with.

  4. willid3 says:

    while some dont fit this.

    most do now

    http://www.nytimes.com/2014/06/22/magazine/its-official-the-boomerang-kids-wont-leave.html?_r=0

    and it makes it hard for the next generations to have independence or to even catch up with their parents life style any more

  5. rd says:

    Minnesota has been getting pounded with 1 in 1,000 year floods over the past decade. This, along with earlier springs in many years, appears to be what climate change looks like in the upper Midwest and the Northeast. You can start to see changes in precipitation patterns by comparing NOAA Technical Papers 40 and 49 from the early to then newer precipitation atlases developed over the decade. New York and the other northeast states are still using TP 40 from 1961 for the critical 25-year, 24-hour storm design that drives most storm water drainage designs. Don’t be surprised if your gutters overflow regularly.

    http://www.startribune.com/blogs/263661011.html

    http://www.nws.noaa.gov/oh/hdsc/currentpf.htm

  6. willid3 says:

    oddly enough, even if a recall is issued for cars, only 75% of owners actually get them repaired, 25% just either ignore them, or throw them away thinking they are just junk mail

    http://www.detroitnews.com/article/20140620/AUTO01/306200035/25-recalled-cars-U-S-aren-t-fixed-despite-notice

  7. Jojo says:

    Our Changing Economy
    May 22, 2014
    Cutting Off Emergency Unemployment Benefits Hasn’t Pushed People Back to Work
    By Ben Casselman

    Helene Laurusevage still gets up at 6 a.m. every day and packs lunch for her husband. She still sits down at her computer every morning to hunt for a job, and still updates the meticulous spreadsheet that she uses to document that search. Just one thing has changed: In January, the biweekly checks for $1,126 from the Pennsylvania Department of Labor and Industry stopped showing up in her bank account.

    Laurusevage, 52, is one of more than a million Americans who lost payments when Congress allowed the Emergency Unemployment Compensation program to expire at the end of last year. The program, which Congress created in 2008, extended jobless benefits beyond the standard 26 weeks provided by most states; at its peak, the federal government provided an unprecedented 6 million workers with up to 73 weeks of benefits.1 The Senate earlier this year voted to renew the program, but House Speaker John Boehner hasn’t allowed the measure to come to a vote in the House.

    The case against extending unemployment benefits essentially boils down to two arguments. First, the economy has improved, so the unemployed should no longer need extra time to find a new job. Second, extended benefits could lead job seekers either to not search as hard or to become choosier about the kind of job they will accept, ultimately delaying their return to the workforce.2

    But the evidence doesn’t support either of those arguments. The economy has indeed improved, but not for the long-term unemployed, whose odds of finding a job are barely higher today than when the recession ended nearly five years ago. And the end of extended benefits hasn’t spurred the unemployed back to work; if anything, it has pushed them out of the labor force altogether.

    For Laurusevage, the cutoff has been wrenching. Her husband’s salary, combined with the $563 a week she got in unemployment benefits — the equivalent of about $30,000 a year — was enough to make ends meet. But once her benefits expired in December, life got harder. Their savings depleted, they scraped together this month’s mortgage payment only by borrowing from David’s 79-year-old mother. They don’t know what they’ll do this month.

    “We are about to go under,” Laurusevage said. “My entire savings account is gone. Everything I spent years to save is gone.”

    http://fivethirtyeight.com/features/cutting-off-emergency-unemployment-benefits-hasnt-pushed-people-back-to-work/