My morning train reads (Continues here):

• For proof Wall Street is changing, look at Citigroup’s numbers (The Upshot)
• When Bubbles Become Manias: The Psychology of Runaway Markets (TraderFeed)
• Charlie Munger on Investment Concentration versus Diversification (25iq)
• Since 2010, full-time jobs are up 7.6 million while part-time jobs have declined by more than 900,000. (Atlantic)

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 Wednesday AM Reads”

  1. rd says:

    I have four kids under the age of 30. I can’t imagine the older three voting for any of the Republican candidates currently getting trotted out, although one of them did like Ron Paul (but not Rand Paul). The fourth doesn’t think about politics yet.

  2. hue says:

    How the Eijits won with Obamacare, but they don’t even know it or admit it (Vox) 7 predicted Obamacare disasters that never happened (Vox) ObamaScare is a disaster this I know, cause Rush Limbaugh tells me so

    Hey Electric Car Driver, There Are Emissions at the Power Plant (The Equation) More and more dirty coal plants will go off line.

    What Happens When Your Joke Goes Viral, Few Months Later (BI) the Internet tracks, and the Internet copies

    Myers Briggs weren’t psychologists, they just stayed at a Holiday Inn Express. “None of this came out of controlled experiments or data, it was all theoretical.” Many people still live in an MB world, climate change, Obamacare, Fed interest rates

  3. willid3 says:

    oh oh. those paragons of investor protectors are worried that they might get replaced by others?

    http://www.reuters.com/article/2014/07/15/us-sec-moneyfunds-piwowar-idUSKBN0FK2AL20140715?feedType=RSS&feedName=PersonalFinance

    it snot like SEC really does investor protection is it? isnt that just in name only sort of thing they are suppose to do. but dont

  4. thyrsus says:

    http://www.nanex.net/aqck2/4661.html

    Perfect Pilfering: A detailed expose on how the market is rigged from a data-centric approach

    Looks convincing to me, but I don’t have the expertise to truly evaluate.

  5. Jojo says:

    Company limits bathroom breaks to 6 minutes a day
    July 15, 2014
    NEW YORK (CNNMoney)

    Spend more than 6 minutes a day in the bathroom at Chicago’s WaterSaver Faucet company and you’ll face disciplinary measures.

    That’s what a union contends the manufacturer is pulling: timing bathroom breaks and warning employees when they can’t beat the clock.

    The union, Teamsters local 743, filed a complaint with the National Labor Relations Board claiming WaterSaver unfairly disciplined 19 workers in June for “excessive use” of washrooms.

    The company’s human resources department described “excessive use of the bathroom as… 60 minutes or more over the last 10 working days,” according to the affidavit. Do the math and it works out to 6 minutes a day.

    The controversy goes back to last winter when WaterSaver installed swipe card systems on bathrooms located off the factory floor.

    http://money.cnn.com/2014/07/15/smallbusiness/bathroom-time-penalty/

  6. Jojo says:

    From the unintended consequences file – even suicide car drivers facing employment disruption from driverless cars. And imagine how much easier it will be to shoot someone from a car if you don’t have to worry about driving at the same time! [lol]
    =============
    FBI warns driverless cars could be used as ‘lethal weapons’
    Internal report sees benefits for road safety, but warns that autonomy will create greater potential for criminal ‘multitasking’

    * theguardian.com, Wednesday 16 July 2014 06.14 EDT

    Self-driving cars are being worked on by Google and other technology companies. Self-driving cars are being worked on by Google and other technology companies. Photograph: Handout/Reuters

    Google’s driverless car may remain a prototype, but the FBI believes the “game changing” vehicle could revolutionise high-speed car chases within a matter of years. The report also warned that autonomous cars may be used as “lethal weapons”.

    In an unclassified but restricted report obtained by the Guardian under a public records request, the FBI predicts that autonomous cars “will have a high impact on transforming what both law enforcement and its adversaries can operationally do with a car.”

    ….

    http://www.theguardian.com/technology/2014/jul/16/google-fbi-driverless-cars-leathal-weapons-autonomous