A bit of reading for the Wednesday morning commute: (continues here)

• Calm or Complacency, in Three Charts (MoneyBeat) see also It’s Easy to Forget About Risk in a Stable Market (NY Times)
• Incentives Matter (Reformed Broker)
• Byron Wien: Better Times for the Economy Are Finally Here (Blackstone)
• Bitcoin is no longer the worst investment in the world (Quartz)

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.

12 Responses to “10 Midweek AM Reads”

  1. They may not like Obamacare in the state . . . but they sure love the pork.

    “So great are the Energy Department’s concerns about the ballooning costs and countless delays that the agency wants to halt construction of the MOX facility—probably permanently. But the state of South Carolina won’t let the federal spigot turn off. Under threat of a lawsuit from Republican Gov. Nikki Haley, the Obama administration backed away from a temporary shutdown at the end of April. Taxpayer-funded construction is continuing full-speed ahead this summer.”

    South Carolina’s Nuclear-Infused Pork (Slate)


    • ilsm says:

      Pork is the word in DoD contracts.

      That kind of jobs’ thing is par in the pentagon. The first two Ford class super carriers are going full speed ahead while the catapult is high risk and the ship radars are not up to threats.

      Losing jobs is not an issue the $15B a shot ships can sit in harbor, as they would anyway since they are as useful as the Kaiser’s [too vital to risk] High Seas fleet. That is if the big wars don’t go nuke too soon.

      F-35 is same story, there are years of testing but the jobs in Fort Worth demand the plane but nuilt warts and all. More money for Ft Worth to refit the dogs they sold today.

      • willid3 says:

        i wouldnt mind the f35 not being built.

        but all of our current fighters originated in the 1970s except the F22. the f15 f15 and f17 all were originally designed in the 1970s. would you still want to use a car from about 40 years ago?

        and many of them are at the end of the lives, and becoming dangerous to fly.
        and Russia seems to want to recreate the cold war. so its not like fighters will not be needed again

        i seem to recall that they are going to try and change the catapults from being steam powered like they have almost always been, to electric.

  2. VennData says:

    If you weren’t convinced Maureen Dowd is a complete idiot. Here’s proof.


    She decided to try weed and ate as much as she could, ROFL Notice how she had no human being to help her, teach her, assist her? I wonder what that is. Her sparkling personality?

    When you’re not experienced in life, and you have been supported by the NYT for years, living in a bubble of snarky language and cool and finally take a visit to the real world and vomit,

    It explains this piece of shit article she wrote.


    Can she join Ben Stein in retirement, please?

  3. rd says:

    Attending Catholic high school and university in the late 60s and early 70s leaves you completely unprepared for the cultural changes in the 20teens.


  4. VennData says:

    No, the bond market isn’t a bubble

    “…Yet the worst-case scenario for Treasury investors is that the U.S. government will repay them at 100 cents on the dollar, while perhaps the yield fails to compensate for inflation…”


    Most individuals own bonds through funds. If you have a mixed index fund around seven to ten years yielding 2.5%, when we get back to a normal 5% ten year rate means your fund will be cut in half.

    And if you do buy bonds your payback at the end is eroded by inflation, compounded, over the life of the bond. The Fed has said they will accept higher inflation than two percent target.

    Also for inflation: at 2% Fed-targeted inflation after taxes your return will be negative.

    You make an investment that loses half it’s value, and returns negative after-tax yield. The bond market may not be in a bubble, but it is a horrible investment in June 2014.

  5. Jojo says:

    Is your 401k retirement plan invested in public gun companies?

    Most people don’t realize it, but inside many of our 401k retirement portfolios are three public gun companies. Find out if they’re in yours and learn what you can do to begin taking them out.


  6. Jojo says:

    Sierra magazine
    Revenge of the Ninja Turtles
    By Mackenzie Mount

    “I MADE THE DOCUMENTARY Plastic Paradise to debunk the urban legend of the Great Pacific Garbage Patch.

    “My day job is hosting TV shows, but I’ve done a lot of short-form documentaries, so this film started as a short piece. But as I kept peeling back layers and learning more, I couldn’t explain it all in just a few-minute segment.

    “Basically, people think there’s a giant patch of trash out in the Pacific Ocean that’s all glued together, like nylon, that you can step on and walk all over. It’s actually scarier.

    “The Great Pacific Garbage Patch is one of five gyres in the world’s oceans that contain vast areas of floating garbage. Trash dumped in the ocean gets sucked into a vortex and just sits there and collects–sort of like water spinning in a toilet bowl, but without the flush.

    “Near the Pacific Garbage Patch is a small island called Midway Atoll, one of the few places you can land and actually see where all this stuff collects. You have to fly for more than 10 hours with multiple stops to get there and you find all this junk in the most wild of places.

    “The most insidious part isn’t even the amount of trash we found there but that it dates back 20, 30 years. It’s not garbage you’re throwing out today, but Teenage Mutant Ninja Turtles toys from the ’80s, old computer monitors, 35-millimeter film caps. Nobody uses stuff like that now unless they’re super-hipster or something.

    “This movie was made very run-and-gun, getting friends’ help by bribing them with my Hawaiian teriyaki sliders, which are world famous in my head. [Laughs.] When I was shooting and couldn’t get anybody, I would press Record, run in front of the camera, interview somebody, then shoot cutaways.

    “Now, friends and family text me stuff like, ‘Dang it, I can’t see things the same way anymore,’ or ‘Aw man, I have to think now.’ And I feel like, OK, I’ve done something.”

    A World Away Midway Atoll is a national wildlife refuge and a haven for millions of seabirds. As seen in Sun’s documentary, fistfuls of plastic can be found in the stomachs of dead birds.

    On the Web Find a screening of Plastic Paradise at http://www.plasticparadisemovie.com.


  7. willid3 says:

    why heath care is so high?

    because hospitals prices are unreal?


  8. RW says:

    The Nowcast for U.S. Real GDP Growth in the First Half of 2014 Is Now 1.2%/Year

    Shouldn’t the fact that U.S. growth has greatly underperformed what the interest-rate hawks on the FOMC were confidently expecting last winter have led them to rethink their views, and moved their recommended policies much closer to those that were then being recommended by the unemployment hawks?

    So one would think, at least if those insisting on higher interest rates were willing or able to mark their beliefs to market, but thus far they appear recalcitrant which leaves only the hope enough FOMC members remain who are willing to pursue the dual mandate mission seriously.

    • willid3 says:

      of course not

      why would you think that any changes in facts would mean much to them?