My afternoon train reading:

• Surprise is the only constant in the markets this year. (WSJ)
• ETF Model Portfolios Change Advisory Biz (
• Where in the world is the Kuwait Investment Authority? (AI-CIO)
• Death of the Time Stamp: Medium, Slingshot & the Movement Away from RIGHT NOW (Hunter Walk)
• Active management is alive and kicking (FT)
• He’s allocated money to victims of 9/11 and the BP oil spill. Can Ken Feinberg handle GM? (WonkBlog)
• Is Work Killing You? In China, Workers Die at Their Desks (Bloomberg)
• Tax cuts in Kansas have cost the state money — and job creation’s been terrible (WonkBlog) see also Kansas Tax Cut Leaves Brownback With Less Money (The Upshot)
• Inside the Google World Cup War Room (Re/Code)
• Digitally restored ‘Hard Day’s Night’ revives Beatlemania 50 years later (WSJ)

What are you reading?



Stock Pickers Have Tough Time in 2014

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.

6 Responses to “10 Monday PM Reads”

  1. willid3 says:

    not all that unusual for us to die at our desks. worked at several sites where it wasnt an unusual occurrence for the fire department rescue or ambulance to show up at least once a week

  2. RW says:

    Dead economies blow no bubbles

    …the stopped clock that is the Bank for International Settlements (“the central bank for central banks”) is showing the same face to the world that it has for the last few years. In 2011, when unemployment rates in both Europe and America were above 9%, the BIS argued that global growth needed to slow in order to reduce inflationary pressure. In 2012 it warned that central banks shouldn’t do any more to boost growth lest they create financial instability and discourage structural reform, even as the crisis in the euro area threatened to tip the rich world back into serious recession. Though the BIS’s diagnoses of the global economy’s ills have evolved over time its policy recommendations have not. In its latest annual report, it argues that what the world needs now is higher interest rates. One of these days the BIS may just turn out to be right.

    Not this year …

    NB: And not next year either but that’s beside the point, the Austerian damage has already been done and it will reverberate for decades: Trillions in productivity lost, millions of workers impoverished and their children condemned to substandard prospects; heckuva job Brownie, heckuva job.

  3. Mbuna says:

    Re: Tax cuts in Kansas- I fail to see why anyone in their right mind would give such a ideological/political move any economic credence whatsoever. At this point I think it is that there are so few people with any voice that have any right mind left. And by the way, there is NO SUCH THING as a nonpartisan think tank- the problem here is that the 20th century definitions of what partisan is no longer have any accuracy in reality for the common man- they only work for the echo chamber/bubble world of corporate media. As a certain Mr. Ritholtz once said- “… it’s now us vs. the corporations…”, and there is little doubt in my mind on which side think tanks are on.

  4. Jojo says:

    Re: Death of the Time Stamp

    I think this is done to make it difficult to use filter by time in search engines. Which sucks. Because then you wind up with articles that are months or years old. But the article gets some page views or and ad displays.

    It’s like the elimination of the single webpage view. It looks to me like Businessweek has jumped on this bandwagon now, making you click through multiple pages to read an article online (at least, I can no longer find a “print” icon in 3 different browsers). Forcing multiple page views helps with ad displays and we analytics, I guess. But it makes it more difficult to save a copy of an article by copying it to a clipboard manager.

  5. rd says:

    I think that the S&P 500 going up more 25% last year was a surprise. I think the rapid recovery in 2009 and 2010 surprised a lot of people just like the crash in 2008 surprised most people.

    I can’t find many years when most people weren’t surprised by a major market move, whether equities or bonds. The biggest surprises seem to be those years when the market goes up a “normal” 5%-10% in line with normal economic growth.