Put that iPhone down, you Candy Crush playing eejit, and enjoy these Train readings:

• Fed Keeps Rates Unchanged, Sees Eventual Rise in 2015, 2016 (WSJ)
• The fortunes of forecasters are telling, so why do we still listen? (Episode)
• Of darkish pools (FT Alphaville)
• Chinese companies have racked up $14.2 trillion in debt — more than any country on the planet (Quartz)
• Why Inexperienced Investors Do Not Learn: They Do Not Know Their Past Performance (SSRN)
• Steve Forbes tells Washington Post readers to ‘thank the billionaires’; op-ed backfires spectacularly (The Margin)
• The Bankrupt Economics of David Brat (Pragmatic Capitalism)
• The Long Truce (Talking Points Memo)
• What the Theory of “Disruptive Innovation” Gets Wrong (New Yorker) see also Let’s All Stop Saying ‘Disrupt’ (NY Mag)
•  Amazon Unveils the Fire Phone  (re/Code)

What are you reading?



1% Moves

Source: Bespoke Investment Group

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.

5 Responses to “10 Wednesday PM Reads”

  1. RW says:

    The actual turning of a tide is rarely visible on the surface, it begins as an undertow.

    Post-Crash Economics

    We may be witnessing the beginning of the end of the neoliberal capitalist consensus that has prevailed throughout the West since the 1980s – and that many claim led to the economic disaster of 2008-2009.

    Particularly important is the growing discontent of economics students with the university curriculum. …

    For now, the best that curriculum reform can do is to remind students that economics is not a science like physics, and that it has a much richer history than is to be found in the standard textbooks. …

    NB: Ha-Joon Chang’s 23 Things They Don’t Tell You about Capitalism and Tomas Sedlacek’s Economics of Good and Evil are now on my reading list.

  2. RW says:

    Cullen Roche’s piece on the “bankrupt economics of David Brat” is too gentle: Brat doesn’t just get his economic facts wrong — an endemic problem among politicians and various elites in any case — he goes much further down the rabbit hole than that and quite clearly wants us all to join him there.

    David Brat’s Half-Cocked Theological-Economic Fusionism

    …Brat’s brand of Protestant-ethic revivalism completes a circle: now, not only can Christians find Adam Smith in the Bible, they can find the Bible in Adam Smith too!

  3. VennData says:

    “… and the re-elevation of reason over wealth and power as the basis for collective decision­ making…”


  4. rd says:

    The Big Lie continues as the Iraq War apologists continue to try to turn correlation into causation:

    “Many people questioned President George W. Bush’s decision to get involved in Iraq. But America has seen fewer attacks on U.S. soil than were expected after the attacks of Sept. 11, 2001.”


    Iraq and 9/11 were completely unrelated to each other and there was no information in the run-up to the Iraq War to link them and no evidence has been uncovered since then. Al-Qaeda was non-existent in Iraq before the US invaded and only established bases there during the Bush Administration.

    The war in Afghanistan was a severe blow to Al-Qaeda and worldwide terrorism. Iraq simply gave them an opportunity to regroup and strengthen. Hussein was a brutal dictator who would not tolerate uncontrollable elements like Al-Qaeda on his turf. The Iraq War eliminated that constraint on the terrorists.

  5. DHM says:

    I use to read Talking Points Memo daily. I quit for some reason. But Josh Marshall’s opinion piece there is simply a marvelous bit of writing. Thanks for the tip.