10 Friday AM Reads

Is the week over already? Here are my pre-nonfarm payroll morning train reads:

• Plush Life: Why did people lose their minds over Beanie Babies? (Slate)
• Dimensions of Popularity: The Journal of Portfolio Management (IIJ)
• Diversification: From Free Lunch to Greedy Fee-Eater? (Chief Investment Officer)
• What on earth is the ECB up to? (Coppola Comment)
• You Have No Idea What Happened. Literally.  (New Yorker)

Continues here

 

 

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  1. VennData commented on Feb 6

    A new, more moderate Rick Perry

    ​​​”Former Texas Gov. Rick Perry [yesterday] positioned himself as a pragmatic, pro-compromise presidential candidate, dismissing 2016 rivals whom he said merely seek to be ‘critic-in-chief.’ Perry in recent weeks has sought to portray himself as a more moderate, thoughtful contender than he was during his 2012 campaign.”​

    http://www.politico.com/story/2015/02/a-new-more-moderate-rick-perry-114959.html

    ​He’s not only LOOKING smarter, he’s acting smarter​

    GOP voter is going to be mad when they see how much less mad Rick Perry is.C’mon RIck show some anti-Obama anger. Obama did after all, ruin the country just like the GOP said.

    • willid3 commented on Feb 6

      its the glasses!

  2. VennData commented on Feb 6

    A new, more moderate Rick Perry

    ​​​”Former Texas Gov. Rick Perry [yesterday] positioned himself as a pragmatic, pro-compromise presidential candidate, dismissing 2016 rivals whom he said merely seek to be ‘critic-in-chief.’ Perry in recent weeks has sought to portray himself as a more moderate, thoughtful contender than he was during his 2012 campaign.”​

    http://www.politico.com/story/2015/02/a-new-more-moderate-rick-perry-114959.html

    ​He’s not only LOOKING smarter, he’s acting smarter​

    GOP voter is going to be mad when they see how much less mad Rick Perry is.C’mon RIck show some anti-Obama anger. Obama did after all, ruin the country just like the GOP said.

  3. VennData commented on Feb 6

    “…​The man who could cripple Obamacare isn’t shy about telling the world that he thinks the president is an “idiot,” posting altered images of the first lady in Middle Eastern clothing and expressing his hatred for the “Democraps..”

    http://www.politico.com/story/2015/02/face-of-supreme-court-case-hates-obamacare-and-obama-too-114953.html

    Hey GOP voter, the guys who send the funny photoshops around are the lifeblood of your party, No wonder math, facts, economic growth don’t dissuade you, you’re all adolescent males.

  4. VennData commented on Feb 6

    What did Bobby Jindal really do in his home state of Louisiana?

    “…​Louisiana’s budget is hemorrhaging red ink, and it’s getting worse. He inherited a $900 million surplus when he became governor seven years ago, and his administration’s own budget documents now show the state is facing deficits of more than $1 billion for as far as the eye can see…Meanwhile, the state’s unemployment rate has risen from 3.8 percent when Jindal took office, a point below the national average then, to 6.7 percent today—nearly a full point higher than today’s national average…”​

    http://www.politico.com/magazine/story/2015/02/bobby-jindal-campaigning-114948.html

    Reaganomics works again! Plus he won the Cold War*

    *Somebody just needs to tell Putin, Lukashenko, Nazarbayev, Rahmon, Karimov, Sargsyan, Aliyev, Atambeyev, Timofti, Kim, Berdimuhamedow, and one point four billion Chinese.

    • GeorgeBurnsWasRight commented on Feb 6

      In general, the only “red states” doing well economically are the ones which up until now had been beneficiaries of the shale oil boom. Places like Kansas (which does have some shale oil, but not enough apparently to offset the Republican’s faulty economic policies) are lurching from one economic crisis to the next.

      Unfortunately, Republican economic theories have become essentially a religious belief, and the usual response of religious believers to evidence which contradicts their beliefs is to believe ever more strongly. (As an aside, IMO the purpose of sending young Mormon kids off on “missions” is less for them to gain converts than to increase the level of belief in the kids.)

    • willid3 commented on Feb 6

      well on a ‘positive’ note he is increasing the price of land in his state, by shrinking the amount of land (thats dry)

    • VennData commented on Feb 6

      Has any body been more wrong, consistently than Joe “Irish Pound” Kernan?

      Hope you did the opposite of everything he’s said for the last six years, as I did.

  5. James Cameron commented on Feb 6

    “Citigroup is one of three Wall Street banks attempting to keep hidden their practice of paying executives multimillion-dollar awards for entering government service.”

    Wall Street Pays Bankers to Work in Government and It Doesn’t Want Anyone to Know

    http://goo.gl/g0luyk (New Republic)

  6. RW commented on Feb 6

    The Dollar and the Recovery

    …consider two pure cases of rising US demand.

    In case #1, everyone sees the relative strength of US spending as temporary … the dollar doesn’t move, and the bulk of the demand surge stays in the US.

    In case #2, everyone sees the strength of US spending relative to the rest of the world as more or less permanent. In that case the dollar rises sharply ….

    So, what’s actually happening? The dollar is rising a lot, which suggests that markets regard the relative rise in US demand as a fairly long-term phenomenon – which in turn should mean that a lot of the rise in US demand ends up benefiting other countries. …

    • noncist commented on Feb 6

      Oversupply and then undersupply, rinse and repeat. That is how commodity cycles typically work.

      The bigger question is the long term trend in demand for oil…

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