My morning train reading: (Continues here)

• Bond Yields Lowest Since Napoleon Are No Comfort to Europe Amid Deflation Fight (Bloomberg) see also These are the tools at the ECB’s disposal to fix the eurozone economy (MoneyBeat)
• Incentives Matter (Reformed Broker)
• U.S. Job Creation Index Hits New High (Gallup) see also Data Readings Converge to Show an Economy Regaining Momentum (NY Times)
• Why Economists Can’t Always Trust Data (Fiscal Times)

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.

9 Responses to “10 Thursday AM Reading”

  1. catclub says:

    has this been posted already?
    http://www.vice.com/read/tim-geithner-and-the-con-artist-wing-of-the-democratic-party
    wow.

    Now I need to read the book.

  2. RW says:

    Corporate greed and crony capitalism aside there are probably sound actuarial reasons why insurance rates in the USA tend to be higher than other developed countries.

    GunFAIL LXXI

    Another week has come and gone, and once again we’re looking at something in the neighborhood of 40 reported GunFAIL incidents, 15 people who accidentally shot themselves, four home invasion shootings, nine child victims (including an 18-month-old who’s the youngest victim of the year, to date), six law enforcement officer-involved GunFAILs, etc., etc., etc.

    Seems like we had a slightly elevated number of familial accidental shootings this week, outside of the usual rash of kids shooting their siblings, including a man in White Sulphur Springs, WV who accidentally shot his son …. And then there were the tragedies in Windber, PA, where a man says he accidentally shot his 9-months pregnant girlfriend in the face with a shotgun he was waving around during an argument, and in Homestead, FL, where a 6-year-old picked up an unattended assault rifle at a family gathering and killed his grandfather with it. …

    And now, below the fold, last week’s list.

    NB: A reminder, “Home Invasion” in this series means the uninvited guests entering the building are bullets rather than persons.

  3. VennData says:

    Pimco’s Banet to Quit For Food Truck Selling Sandwiches

    http://mobile.bloomberg.com/news/2014-06-04/pimco-s-banet-to-quit-for-food-truck-selling-croque-monsieur.html

    He thinks Dodd-Frank was rough? Wait until he gets into the Mobil food business in California.

  4. Robert M says:

    Economy regaining momenum; jobs at all time high- NOT. If this is happening to our best and brightest our consumer driven economy is in bad shape: http://www.bloomberg.com/news/2014-06-05/college-graduates-struggle-to-find-employment-worth-a-degree.html

  5. Jojo says:

    What happens to the driver business when Google’s (and others) driverless cars destroys the business of cars/trucks requiring drivers in the first place? These guys better learn technology for future job security [roflol]…
    ————
    The economics of “everyone’s private driver”
    What happens when cab drivers stop being employees and start being sole proprietors

    Uber, the car service which launched as “everyone’s private driver”, and whose entire brand is shot through with privilege and entitlement, is receiving a fair amount of pushback to its driver-income claims. “Do UberX Drivers Really Take Home $90K A Year On Average? Not Exactly” is the headline at Time; similar stories have appeared at Pando and the Atlantic’s Citylab.

    What we’re seeing here is roughly one third overexuberance on the part of Uber, one third genuine dislike of Uber and its CEO on the part of certain journalists, and one third mutual incomprehension when it comes to the uberX business model.

    When Uber says that “the median income on uberX is more than $90,000/year/driver in New York”, it is not telling the whole truth: that’s gross income, not net, and doesn’t account for any of the expenses that uberX drivers have to cover. But when pushed on this, Uber is happy to try to come up with estimates for net income instead. Here are some figures the company sent me, attempting to estimate typical costs for an uberX driver working 40 hours a week and driving 40,000 miles per year:

    https://medium.com/@felixsalmon/the-economics-of-everyones-private-driver-464bfd730b38

  6. VennData says:

    The joyless Wall Street rally is leaving Wall Streeters behind

    “….More than five years after the crisis-and-bailout drama peaked, the stocks of securities dealers are lagging, bank profitability is anemic, trading volumes are sleepy, compensation levels for Street pros is way down from pre-crisis levels, and the largest firms are struggling to hone an effective long-term business mix. No one is – or should be – weeping for finance folks, who continue to earn more than most and now get to toil in a more stable, less crowded industry. In some respects, though, higher capital requirements, narrower regulatory boundaries and related cost cutting have done the work many bank critics wanted former Treasury Secretary Tim Geithner to do: They’ve made the business more conservative and humble, less lucrative and grandiose, more like a financial utility – and less fun…”

    http://finance.yahoo.com/blogs/breakout/joyless-wall-street-rally-leaves-wall-streeters-behind-121339989.html

    These guys should see my new yacht, still deciding whether to call it “March 2009″ or “Obama rally.”

  7. couragesd says:

    Looking for the best strategy? Ask a chimp
    http://www.sciencedaily.com/releases/2014/06/140605083522.htm

  8. VennData says:

    The right wing MIA POW clowns just hate Democrats, that’s all they are about.

    http://www.latimes.com/nation/nationnow/la-na-bowe-bergdahl-hometown-celebration-canceled-due-to-security-concerns-20140604-story.html

    Soldiers, remember who wants you back.