My afternoon train reading:

• Bond Shortfall of $460 Billion Seen Boosting Debt Markets (Bloomberg)
• The financial industry made a bad investment in Eric Cantor (Quartz) see also The seismic political consequences of Eric Cantor’s stunning loss (The Fix)
• MuckReads Podcast: The Peril of Whistleblowing on Wall St. (ProPublica)
• The vanished grandeur of accounting (Boston Globe)
• If euro-zone yields don’t start rising, panic (MoneyBeat) see also As bond markets twist, investors shout. (WSJ)
• The growth of US student loan debt: causes and consequences (FT Alphaville)
• Three events that shaped our world (FT)
• Obama Popularity Hits Low in Poll After Prisoner Exchange (Bloomberg) but see Director of National Intelligence: Bush-Cheney released 171 Gitmo prisoners who returned to battlefield, compared to Obama’s 7 (The Lead)
• Time Inc. Has a Big Problem—So Does Digital Journalism (The Atlantic)
• 7 things the most-highlighted Kindle passages tell us about American readers (Vox)

What are you reading?


Japanese Pension Spending

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.

7 Responses to “10 Midweek PM Reads”

  1. willid3 says:

    exporting oil will lower prices?


    only if you believe the oil companies dont really want to make a profit

    • rd says:

      The best way for the Northeast US to get lower gasoline prices is for the Canadians to build the pipeline to New Brunswick and refine the crude oil there. Since that is very close to the Northeast US markets but outside the US, any tanker in the world can pick up the refined production New Brunswick and deliver it to the US ports on a very short turnaround schedule without running afoul of the Jones Act.

      The Keystone XL pipeline would go to the Gulf Coast in the US where only US made and flagged tankers could carry it to US ports, so most of that refined oil would be exported to other parts of the world.

  2. A says:

    Even a corrupt congress is forced to prune its deadwood eventually. Oh, well, on to the next bribe.

  3. ch says:

    The author of any article that discusses “seismic” political consequences should take a breath and then remember the “seismic” consequences of Obama’s initial election as president. 6 years later, we have a continuation of Bush foreign policy, a continuation of Bush domestic policy, and the wealthiest have a greater share than they ever did under Bush.

    “Give me control of a nation’s money and I care not who makes its laws.” -MA Rothschild

  4. rd says:

    It appears that the Iraqis finally picked up a copy of T.E. Lawrence’s “Seven Pillars of Wisdom” and decided to draw the borders the way he recommended in 1918. The Kurds just grabbed Kirkuk and are now self-sufficient in the north, the Sunnis have grabbed the western desert, and the Shias are in the southeast next to Iran. It is only brute military force by the British, then Saddam, and finally the US that has held the artificial construct of Iraq together over the past century.

  5. DeltaV says:

    What I don’t hear more about is why Cantor actually lost:
    1. Cantor portrayed Brat as a liberal (see his election commercials), outspending him 20:1 to get that image out.
    2. Virginia has an open primary, so Democrats get to vote in what in other states would be a Republican primary.
    3. The Democrats had only one candidate in the open primary, so many availed themselves of the opportunity to vote for a Republican candidate that Cantor told them was a liberal.
    4. Cantor lost the primary to Brat.

    Only item 3 is conjecture. Can anybody disprove or prove it? IDK.