My afternoon train reads:

• Wall Street strategists have been left flat-footed by this year’s gain in the S&P 500 (WSJ)
• How Much Can Corporate Sponsors Shape Pension Asset Allocation (Chief Investment Officer)
• Gold Bugs Meet Bitcoin Believers to Supplant the Dollar (Bloomberg)
• Canada banks tally their tax-compliance tab (WSJ)
• Some home builders say first-time buyers are returning, others not so sure (Real Time Economics)
• Google Wants Guinea Pigs for a New Medical Study.  Here’s why I’d volunteer. (Re/Code) see also Google to collect data to create a full picture of what a healthy human being is (WSJ)
• When Yahoo Reigned Supreme (Priceonomics)
• 10 Things Americans Have Suddenly Stopped Buying (Time)
• My illustrated top 10 tips for success (Richard Branson) see also Richard Branson’s Top 10 Tips (BBC)
•  New Find Hints at More Feathered Dinosaurs (NY Times)

What are you reading?



The Public Lightens Up on Marijuana

Source: NY Times


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 Monday PM Reads”

  1. Singmaster says:

    Branson Bromide #10: Do what you love and have a sofa in the kitchen.
    Sofa in the kitchen? ?? What? So you can laze while you watch your wife cook? ?? Does Branson’s wife cook? Wouldn’t they have a hired “Cook” considering their wealth?
    I expect he is attempting to convey that you don’t need much to be happy but his depiction is baffling to me.

  2. RW says:

    Is U.S. at Immediate Risk of Becoming “Argentina”?

    …there are only twelve months before the end date of my bet with Noah Smith on whether inflation would break 5% over any twelve-month period without a high-pressure labor market. I took the “no”. He took the “yes” and did so, from my perspective, irrationally–he only took 50-1, while he should have demanded odds an order of magnitude greater. ….

    Stephen Moore (Heritage, of course) can’t even get his cherry-picked data right

    …trying to defend himself and Arthur Laffer from the well-deserved ire of Paul Krugman, he claims that 0/low-tax states have seen better job growth than high-tax states.

    Details and links to Moore’s sloppily mendacious screed are in the post. Repeating them here would only further pollute the intertubes.

  3. NoKidding says:

    “Gold Bugs Meet Bitcoin Believers to Supplant the Dollar ”


    Cryptonomicon is a 1999 novel by American author Neal Stephenson. The novel follows the exploits of two groups of people in two different time periods, presented in alternating chapters. The first group is World War II-era Allied codebreakers and tactical-deception operatives affiliated with the Government Code and Cypher School at Bletchley Park, and disillusioned Axis military and intelligence figures whom they encounter. The second narrative is set in the late 1990s with descendants of the first narrative’s characters employing cryptologic, telecom and computer technology to build an underground data haven in the fictional Sultanate of Kinakuta. Their goal is to facilitate anonymous Internet banking using electronic money and (later) digital gold currency, with a longer range objective to distribute Holocaust Education and Avoidance Pod (HEAP) media for instructing genocide-target populations on defensive warfare.

  4. RW says:

    Presidents and the U.S. Economy: An Econometric Exploration

    The U.S. economy has grown faster—and scored higher on many other macroeconomic metrics—when the President of the United States is a Democrat rather than a Republican. For many measures, including real GDP growth (on which we concentrate), the performance gap is both large and statistically significant, despite the fact that postwar history includes only 16 complete presidential terms. This paper asks why. The answer is not found in technical time series matters (such as differential trends or mean reversion), nor in systematically more expansionary monetary or fiscal policy under Democrats. Rather, it appears that the Democratic edge stems mainly from more benign oil shocks, superior TFP performance, a more favorable international environment, and perhaps more optimistic consumer expectations about the near-term future. Many other potential explanations are examined but fail to explain the partisan growth gap.

    NB: This is an NBER working paper so, depending on who you are, it may cost a few bucks to acquire it.

  5. CD4P says:

    I know usually reading goes here, but today I have a video:

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