10 Friday Reads
Some links for today: • Once the Debt Ceiling Is Hiked, Markets Have to Confront Slower Growth (Barron’s) see also Default a...
It’s the economy, stupid
The US economy grew a weaker than expected 1.3% vs the est of 1.8% AND Q4 GDP was revised to a gain of only .4% from the last reading of...
Economic data
Following weak regional surveys in NY, Philly, Richmond and Dallas, the July Chicago PMI at 58.8 was slightly below expectations of 60.0,...
This is your Brain on Stocks
This is a work in progress: I have been putting together a presentation on cognitive foibles as applied to investors, and the folks at...
AAII: Stock Asset Allocation Deviation from Mean
Kevin Lane observes: “The chart below looks at how far investors have deviated in their equity asset allocations relative to the 25...
Who Owns Treasury Debt?
As a reminder, check out this great chart from Société Générale showing who holds US Trasury debt. In the unlikely —...
Europe saves our arse this week
Thanks Europe, you saved our arse this week from our own political incompetence. Outside of the very short term logistics issue with a...
How Algorithms Shape Our World
Kevin Slavin argues that we’re living in a world designed for — and increasingly controlled by — algorithms. In this...