10 Monday AM Reads

Welcome back to the workweek — here are our ‘pre-Juno snowstorm of the century’ morning train reads (while the trains are still running):

• Tsipras declares end to ‘vicious cycle of austerity’ after Syriza wins Greek election (The Guardiansee also Greece Chooses Anti-Austerity Party in Major Shift (NYT)
• The Swiss franc appreciation and the sorry saga of FX lending (Fistful of Euros)
• The Past Imperfect: Mr. Neuger and Mr. Fitzmaurice Would Like Your Money, Again (SIRF)
• No, the U.S. economy isn’t about to fall into recession (Washington Post)
• The Financial Problems in Your Head: Psychology Explains Why Many People Mismanage Money (WSJ)

Continues here


Category: Financial Press

Would a Gold Standard Brighten Economic Outcomes?

Category: Think Tank

Vermont High Schoolers vs Fox News

This is brutal, and utterly hilarious:   Does Fox News Follow Society of Professional Journalists Published Ethics Rules?  

Category: Financial Press, Really, really bad calls

Both Sides of the Brain (Updated)

Source: Dr. C Daniels ~~~ UPDATE: 1/25/15 Here is the latest scientific thinking, countering the older “left right” analysis:

Category: Psychology, Science

10 Sunday Reads

My Sunday morning reads: • Billions in Lost 401(k) Savings, Abusive Brokers Under White House Scrutiny (Bloomberg) • How Economists Came to Dominate the Conversation (Upshot) • How Super Was Mario? (Krugman) see also World’s Most Reluctant Stimulus Program Gets Underway (Reformed Broker) • Shilling: Nothing Is Going to Save the Housing Market (BV) • Play football like the Seahawks but invest…Read More

Category: Financial Press

ECB, Euro, USD, Interest Rates

ECB, Euro, USD, Interest Rates David R. Kotok Cumberland, January 24, 2015     After a two-and-a-half-year wait for “whatever it takes,” the quantitative easing (QE) announced this week by the European Central Bank (ECB) is different from the QE undertaken by the Federal Reserve (Fed) during and after the financial crisis and now completed….Read More

Category: Think Tank

Comedians In Cars Getting Coffee: Kevin Hart

Source: Comedians In Cars Getting Coffee

Category: Humor, Video, Weekend

North America’s Geological History

Source: Wikimedia via Know More

Category: Digital Media, Science

Forecasting is Marketing . . .

It’s time to market forecasters to admit the errors of their ways Barry Ritholtz Washington Post, January 18, 2015     I come not to praise forecasters but to bury them. After lo these many years of listening to their nonsense, it is time for the investing community — and indeed, the seers themselves —…Read More

Category: Philosophy, Really, really bad calls

MiB: Bill Gross, Part II

This week, the “Masters in Business” podcast features Part 2 of an interview with Bill Gross, formerly of Pimco, now with Janus Capital; Part 1 is here.

Gross sat down with me in the Bloomberg studios in New York for an extensive two-hour interview.  In part II, we discuss the Allianz takeover of Pimco, why he is a tough boss to wrk for. He said he was fired by Pimco, and was blindsided by the coup.

We also talk QE and the Fed, what they did right and wrong, and what he wants to do at Janus. He also said quite a few surprising things about the Federal Reserve.

You can hear it live on Bloomberg radio, download the podcast here or on Apple iTunes or stream it on Soundcloud (below). All of our prior podcasts are available on iTunes.


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Category: Podcast