10 Thursday AM Reads

My early morning train pre-flight plane reads:

• Markets’ Panic Incongruent With Economic Reality—For Now: Stock selloff could presage recession (unlikely), trigger a recession (unlikely) or indicate a lack of faith in policy makers (plausible) (WSJ) see also How to Make Sense of Plummeting Global Markets (NYT)
• Seven Reasons Active Management Underperformed in 2015 (CFA Institute)
• Beware…………………………….. it’s Correction Twitter! (Reformed Brokersee also Are We Already in a Bear Market? (New Yorker)
• Three Things That Matter During a Market Sell-Off (A Wealth of Common Sense)
• Do Payrolls Have A Measurement Problem Leading To Strong Numbers? (TBP)
Wolf: China’s great economic shift needs to begin (FT) see also China’s Fading Factories Weigh on an Already Slowing Economy (NYT)
• Just How Much Does Koch Industries Pollute? (Bloomberg)
• How an obscure adviser to Pat Buchanan predicted the wild Trump campaign in 1996 (The Week)
• Caltech Researchers Find Evidence of a Real Ninth Planet (Caltech) see also Evidence for a Distant Giant Planet in theSolar System (IOP)
• 2015 Was the Hottest Year on Record, by a Stunning Margin (Bloomberg)

What are you reading?

 

 FDIC Insured Bank and Thrift Failures per Year

Source: Calculated Risk

 

 

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