10 Monday PM Reads

My afternoon train reads:

• S&P 500’s Rise at Five Times GDP Growth Shows Recovery Is Priced Into Stocks (Bloomberg)
• Hedge Funds’ Assets Rise, Even as Gains Fall (Barron’s)
• The Downside to Stock Buybacks (WSJ) see also Buybacks are a Capital Structure Decision not an Investment Decision (Expecting Returns)
• This stock market index is almost like a crystal ball (MarketWatch)
• Why the Eurozone suffers from a Germany problem (Mainly Macro)
• Law Lets I.R.S. Seize Accounts on Suspicion, No Crime Required (NY Times) see also Millions Of Americans’ Wages Seized Over Credit Card And Medical Debt (NPR)
•  One Percenters Drop Six Figures at Long Island Mall (Bloomberg)
• Corporate America starts to spend again (FT)
• Car dealers are awful. It’s time to kill the dumb laws that keep them in business. (Vox)
• China’s Submarines Add Nuclear-Strike Capability, Altering Strategic Balance (WSJ)

What are you reading?



Amazon’s Spending Leads to Biggest Quarterly Loss in 14 Years

Source: WSJ


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