10 Thursday AM Reads

Good morning, Here are my post Fed day morning train reads:

• We’re on the verge of a crisis, bears warn (Money)
• The Superinvestors of Unconstrained Bondsville (SSRN)
• Would Keynes Have Been Fired as a Money Manager Today? (A Wealth of Common Sense)
• Investors Rethink Taking a Leap Into Junk Bin (WSJ)
• The CEO Who Saved a Life and Lost His Job (Bloomberg)

Continues here


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What's been said:

Discussions found on the web:
  1. Willy2 commented on Jan 29

    My favourite indicator went up/drifted higher in the last weeks but now it’s heading down again. And that’s not surprising given the bearish news coming from all around the globe. It was highly overdue to turn lower. I was surprised to see it drifting higher. Now another indicator has to kick in, i.e. turning bearish.

  2. rd commented on Jan 29

    Re: Clean Water – $1 billion.

    It is odd that living in a desert next to the ocean could result in expensive fresh water.

    • rd commented on Jan 30

      Looking at it another way, it appears to support the concept of running large deficits in government as a way to prevent bubbles and financial crises. I assume that is why the Republicans are so focused on avoiding deficits now.

  3. rd commented on Jan 29

    The tooth-gnashing about whether or not the Fed will raise the Fed Funds rate later this year is amusing but annoying.http://blogs.wsj.com/moneybeat/2015/01/29/graphing-new-fed-voters-versus-old-suggests-rate-hike-isnt-looming/

    Do these people really believe that the Fed would be signaling right now that they won’t raise rates later this year? Much of what the Fed has to do is as much con (as in confidence) game as much of anything. If they put in their Fed minutes now that they probably won’t raise rates later this year becuawe the US and global economy sucks, then they would get trampled in the hallway by the panic selling and loss of business confidence that would virtually guarantee recession and a bear market.

  4. RW commented on Jan 29

    Arithmetic Is Very Simple, But It’s Still True

    Steven Rattner doesn’t like people focusing on stimulus as a path to help Europe grow because it is “simplistic.” Instead he wants Europe to focus on reducing business regulation, protections for workers, and taxes for the wealthy.

    Interestingly, he presents zero evidence that these changes will boost the continent’s growth, …In some cases, his complaints not only lack evidence, but they defy logic. ….

    NB: Ratner’s editorial is as ignorant as it is self-serving but one would need to peruse the well-deserved trashing he gets in comments as well as from expert analysis to appreciate just how much this putative Titan of Finance gets wrong not only in terms of facts, economics and logic, but in terms of moral qualia. Truly stunning.

  5. rd commented on Jan 29

    An interesting report on the potential impact of climate change on the “Heartland” otherwise known as the Midwest. It may not be farmers deciding the Iowa caucuses at the end of the century. At that time, we may also not be hearing horror stories about how the death tax is preventing family farms from being passed down.

    BTW – a co-chair of the organization is that bleeding heart socialist liberal Henry Paulsen so we will need to get the appropriate refutations from died-in-the-wool conservatives.


    • rd commented on Jan 29

      BTW – there is good news in the report – they expect to have fewer hypothermia deaths in the winters.

  6. johnnywalker commented on Jan 29

    re: clean water

    The solution to Southern California’s water problem requires increased efficiency in agricultural and urban water use, better capture and storage of storm water, and the use of recycled urban waste water, in addition to desalination. The first three strategies offer more potential water at a lower cost than desalination, which is energy intensive and has potential environmental costs.

    • rd commented on Jan 29

      I lived in southern California for a while. My take was that they had firmly adopted the “spice mélange economy” part of Frank Herbert’s Dune but not the ecological and water conservation concepts in it. http://en.wikipedia.org/wiki/Dune_(novel)

      I moved there from areas with copious fresh water available but I had never before seen water wasted like I saw in Southern California.

  7. Iamthe50percent commented on Jan 29

    “It may not be farmers deciding the Iowa caucuses at the end of the century.”

    I didn’t see anything like that in the report, just that it will get hot and there will be more crop failures, nothing about demographic change.

    BTW, Chicago is projected in the report to become even more Beirut-like than it is now.

    • rd commented on Jan 30

      Crop failures usually implies less farmers unless subsidies get increased.

  8. hue commented on Jan 29

    Breaking Into Startups: From Cello to Investment Banking to AltSchool (medium)

  9. VennData commented on Jan 30

    The new Bloomberg mobile site is terrible. You get one headline and have to continually click down through one headline per page.

    BR, please tell them. And the desktop site is no better.

    ADMIN: BR says “I like it!”

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