My morning reads (Continues here):

• Why Government Pension Funds Became Addicted to Risk (The Upshot)
• When commodity collateral shenanigans go wrong (FT Alphaville)
• Is the Market Efficient? Cliff Asness Says Yes, and No (Think Advisor)
• Millennials Shunning Malls Speeds Web Shopping Revolution (Bloomberg)

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 Thursday AM Reads”

  1. VennData says:

    “…A Norwegian man has won 17,000 kroner (£2,000, $2,850) after betting that striker Luis Suarez would bite someone during the World Cup…”

  2. Robert M says:

    BR you have undoubtedly seen this in your line of work: Mirrortocracy

    • Jojo says:

      Good article. I actually had an interview experience years ago where I was told it was OK to take off my tie, everyone would be more comfortable. [lol]

  3. Irwin Fletcher says:


    Long time away from your site. Question: Would like to hear your thoughts on UBER and the uproar being caused by it. We are using it as we travel and find it strong and simple, and brilliant, simple solution as technology advances and replaces dinosaurs. Thanks.

  4. Jojo says:

    Baby bust: US fertility rates hit all-time lows
    The Great Recession has more women, especially Latinas, postponing childbirth

    June 26, 2014

    The impact of the U.S. recession will reverberate for generations to come as women — both Anglos and Hispanics — continue to postpone having children.

    For the second year in a row, deaths of non-Hispanic whites outnumbered births from July 1, 2012, to July 1, 2013, according to population estimates released Thursday by the U.S. Census Bureau.

    “These are the only two years in U.S. history when more non-Hispanic whites died than were born,” said Kenneth Johnson, senior demographer at the University of New Hampshire’s Carsey Institute. Births have been fewer for some time, “but the decline since the onset of the Great Recession has been precipitous.”

    The Census Bureau estimates that there were just under 2 million births to whites who are not Hispanic, compared with 2.3 million births at the peak of the economic boom in 2006-07 — a 13 percent drop in just six years.


    USA parents may not be having kids for a variety of reasons, including:

    - College keeps getting more expensive.
    - ROI on college is low because after graduation jobs are at lower wages than expected or not available at all.
    - Accelerating automation/robotics continue to destroy more jobs than are created by technology advances, thus reducing human job availability.
    - Bottom line, kids have to continue to live at home for extended time periods.

    Facing this logic, is there any good reason to have kids? They may be dependent on you for long periods of time (forever?) and combined with bleak employment prospects, they aren’t going to be able to take care of their parents in old age.

    Which also makes it problematic as to whom is going to be taxed to provide for future Social Security and Medicare viability.

    • willid3 says:

      which just puts us back to the old days. cause it wasnt unusual for kids to live with their parents almost then entire lives before WW2.

  5. Singmaster says:

    Beautiful example of correlation does not mean causation:
    The author shows a chart implying the stock market run up since 2011 has been due to the liquidity caused by robo-investments, concluding “When the next downturn begins, as it eventually will, money will flee Robo-advisors in search of human contact, advice and hope.”

    As best I can tell, robo-advisors control 1/1000 of investment assets.
    If I am wrong and the author is correct, please explain my error.

  6. willid3 says:

    and now for some thing different|hig|26-06-2014|5356c1ae899249e1ccab9625|