My morning reads:
• Apocalypse, Not Now, for Municipal Bonds: $573.2 million in Munis defaulted in 2013 (0.6% of the $3.7 trillion outstanding) versus 1.01% for 2013 (Barron’s)
• Investors Should Beware the Dark Side of Defensive Stocks (WSJ) but see Best Six Months Ending, Time to Warm Up Defense (Stock Traders Almanac)
• On the virtuous circle of exporting deflation (FT Alphaville)
• 401k Critiques:
…..-John Bogle: The “Train Wreck” Awaiting American Retirement (PBS)
…..-Index Funds: The Key to Saving for Retirement? (PBS)
…..-Five Moments that Shaped the 401(k) (PBS)
• Most amusing read today: KrugTron the Invincible (Noahpinion)
• The cost of austerity and slow recoveries (Antonio Fatas and Ilian Mihov on the Global Economy) see also Liquidity Trap or Credit Deadlock (Uneasy Money)
• The 2014 iBeetle Is Like an iPhone on Wheels (NYT)
• Gleick: “Total Noise,” Only Louder (New York Mag) see also Lost in Space (NYT)
• Meet the New Enforcement Chief of the SEC – The Guy Who Orchestrated Last Year’s Discredited National Mortgage Settlement on Behalf of Wall Street (Wall Street on Parade)
• Snoop Lion Answers Your Questions (WSJ)
What are you reading?
A Rise in Wealth for the Wealthy; Declines for the Lower 93%
Source: Pew Social Trends
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