10 Wednesday AM Reads

Our remarkably, purposely, blessedly, Greek-free morning train reads:

• Americans’ Net Worth Reaches High of $84.9 Trillion (WSJ)
• How to Spot Crowded Trades That the Shoeshine Boy Missed (Bloomberg)
• Home Values in Half of Top 300 U.S. Markets Achieve Full Price Recovery (World Property Journaldespite It got way harder to buy a house last year (Washington Post)
• Krugman Battles the Austerians! (BloombergThe most amazing bit of media you will see today!
• Can the Bacteria in Your Gut Explain Your Mood? (NYT)

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  1. RW commented on Jun 24


    Texas To Build Very Own Gold Stash Inside Giant 20-Acre Mattress

    Texas is pretty busy … It’s got open carry for handguns, voter ID to keep the Wrong People from voting, it’s aggressively not regulating chemical plants, and since you never know when the impending collapse of America is coming, it wants to pump up all the oil right away. Now …Texas is building its very own gold depository so the state will be safe when the rest of “America’s” economy goes belly-up. ….

    I’m still laughing.

    • willid3 commented on Jun 24

      and that gold? isnt in a federal facility, its at a bank in NY. and it belongs to University of Texas.

      course what they will do if we actually do secede when the next hurricane, flood or tornado hits for help, or when the US military leaves. or the long ignored earth quakes get to be more than a 4. is any body guess

  2. rd commented on Jun 24

    Jeffrey Sachs lambastes Krugman: “Not one of his New York Times commentaries in the first half of 2013, when ‘austerian’ deficit cutting was taking effect, forecast a major reduction in unemployment or that economic growth would recover to brisk rates.

    Flat or decreasing disposable income and GDP increases of 1%-2% is not quite “brisk”. Increasing employment through an increase of minimum wage jobs (or slightly above minimum wage) isn’t quite the American Dream. “Would recover steadily, but slowly” would be more appropriate than “brisk”.

  3. James Cameron commented on Jun 24

    “It is a cylinder of special high-performance steel, 20 feet long and weighing 15 tons. When dropped from an altitude likely above 20,000 feet, the bomb would have approached supersonic speed before striking a mock target in the desert, smashing through rock and burrowing deep into the ground before its 6,000 pounds of high explosives detonated with devastating force.”

    Plan B For Iran

    http://goo.gl/qDSRdk (Politico)

    • intlacct commented on Jun 25

      Don’t fool yourself. It will be super messy.

      Not saying the above Plan is not required at least in our bag of tricks given the ‘friskiness’ of this regime and others.

  4. ilsm commented on Jun 24

    The papacy run by a Franciscan is no longer a key player in republican coalition of prejudice toward type II errors.

    • intlacct commented on Jun 25

      What meanest thou?`

  5. Jojo commented on Jun 24

    Would American football w/o helmets be more like Rugby? Safer?
    NFL safety boss says the league could ban helmets one day
    By Matt Slater BBC Sport

    The chairman of the National Football League’s health and safety advisory commission believes American football could ban helmets in the future.

    The NFL has tried to reduce the risk of head injuries over the last five years and recently reached an almost $1bn legal settlement with ex-players suffering with head trauma.

    But some experts think helmets give the players a false sense of security.

    “Can I see a time without helmets? Yes,” said Dr John York.

    “It’s not around the corner, but I can see it.”


  6. Jojo commented on Jun 24

    A new villain, the Duopoly?
    John Legere — CEO or superhero?
    June 23, 2015

    Did T-Mobile know that they would be getting a superhero when they hired John Legere three years ago? I’m not so sure they did. The T-Mobile CEO starred in a video to shed some light on the upcoming 600MHz wireless spectrum auction and the government can prevent a duopoly from forming.

    Next year, carriers are going to open their wallets to try and win the low-frequency spectrum from the FCC. Verizon and AT&T, unsurprisingly, have the deepest pockets and that means they will presumably walk away as the winners. All T-Mobile wants is for the FCC to reserve half of the low-frequency spectrum for smaller carriers to gain access. The rules, which the two aforementioned giants are lobbying to remain unchanged, will be voted on by the FCC on July 16.

    The video below officially launches T-Mobile’s new #DefeatDuopoly campaign. John Legere plays the superhero while Verizon and AT&T are the villainous members of the Duopoly.



  7. rd commented on Jun 24

    The headline should have read “Some Americans’ Net Worth Reaches High of $84.9 Trillion”. A high percentage of Americans don’t have a net worth.

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