10 Thursday PM Reads

My afternoon train reads:

• Individual Investors Are An Emotional Wreck + That Is Astonishingly Bullish (Phil Pearlman)
Farrell: Are we being misled (again) by earnings? (MarketWatch)
• EARLY WARNING SYSTEM: Bernanke Says Interest on Reserves Would Be Main Tightening Tool (Bloomberg)
• “The Rapidly Shrinking Federal Deficit” (Calculated Risk)
• The ‘laws of economics’ don’t exist (Reuters) see also Great, now engineers think that they are economists too (pandodaily)
• Debunking today’s carried interest tax arguments (Fortune)
• The Class War Has Begun (Slate) see also Why More Affluent Americans Pay No Taxes (The Fiscal Times)
• Ex-Regulator Says US Nuclear Reactors Are Flawed (NYT)
• 3 Ways to ensure an excellent product, from the man behind America’s best burger (Fast Company)
• The second coming of Facebook (Fortune)

What are you reading?


S&P 500 Earnings (inflation-adjusted ) 1900 until today

Source: Chart of the Day

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