10 Sunday Reads

My easy like Sunday morning reads:

• Amazon’s War to the Door (Bloomberg)
• Swedroe: Beware The Recency Pitfall (ETF.com) see also Avoiding Forced Irrationality (A Wealth of Common Sense)
• What If You Only Invested In Stocks When They Were Cheap? (Irrelevant Investor)
Lumpy, uneven recovery revisited: Some States Have All the Jobs (Bloomberg View)
• Desire to Buy a Home Still Strong Despite Affordability, Economic Concerns (World Property Journal)
• What are prime numbers, and why are they so vital to modern life? (ExtremeTech)
• In Conversation With Brian Eno: Steven Johnson sits down for a discussion about music, imagination, and art (Medium)
• How climate change ate conservatism’s smartest thinkers (The Week) see also This Is How Climate Change Deniers Are Tricking You (Huffington Post)
• The Inventor of Auto-Tune (Priceonomics)
• Professor Fired over Sandy Hook Conspiracy Theory (NeuroLogica)

What are you reading?

 

Be sure to check out our Masters in Business interview this weekend with Stephen Roach, formerly Chief Economist at Morgan Stanley, currently lecturer at Yale.

 

Solar Power Gets a Massive Boost

Source: Bloomberg

 

 

 

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Discussions found on the web:
  1. ilsm commented on Dec 20

    Setting the scale is same as asking the questions to mislead.

    Why Trump and Bernie makes points each time they do not answer the silly questions from the media.

    Thinking conservative/neoliberal: nearly an oxymoron.

  2. RW commented on Dec 20

    Working Paper: The Upward Redistribution of Income: Are Rents the Story?
    In the years since 1980, there has been a well-documented upward redistribution of income. …

    This paper argues that the bulk of this …comes from the growth of rents in the economy in four major areas: patent and copyright protection, the financial sector, the pay of …top executives, and protectionist measures that have boosted the pay of …highly educated professionals. The argument on rents is important because …it means that there is nothing intrinsic to capitalism that led to this rapid rise in inequality, as for example argued by Thomas Piketty.

    NB: …I suspect that Thomas Piketty would say that the ability of the rich to manipulate property rights and market power in order to keep the rate of profit high even as the economy becomes more capital-intensive is a feature that is “intrinsic to capitalism.”

  3. WickedGreen commented on Dec 20

    Ah, the Paul Ryan GOP Austerity train. The BS Express is humming along nicely.

    http://www.huffingtonpost.com/josh-silver/5-horrible-things-congres_b_8844734.html

    Particularly neat-o: THE PART THAT HELPS CORPORATIONS HIDE POLITICAL ACTIVITY FROM THEIR OWN SHAREHOLDERS

    “another provision tucked away on page 1,982 prohibits the Securities and Exchange Commission (SEC) from requiring corporations to disclose their political spending”

    “As noted by the LA Times’ Michael Hiltzik, even the Supreme Court made a point of emphasizing the need for disclosure in its widely reviled Citizens United ruling”

    I wish more would invest in corporate profit streams with political corruption in mind. Why strive for change or wish things were different if you are simultaneously allowing yourself to be bribed and/or conflicted by efforts to strengthen the status quo?

    • Iamthe50percent commented on Dec 20

      Unfortunately my Democratic Congresswoman emailed me that she voted for this monstrosity although she hated the extraneous provisions and tried to get them removed, but otherwise the government would stop. I call that giving in to blackmail.

    • willid3 commented on Dec 20

      they did, until after the case was done

    • rd commented on Dec 20

      Miami doesn’t have anything to worry about. The Florida legislature and governor have declared that global warming and sea level rise are not to be mentioned or discussed. The reporter for the New Yorker will probably lose his Florida tanning license over this inappropriate article.

  4. VennData commented on Dec 20

    Gunfire erupts inside Wisconsin mall on busy shopping day

    ​​”This is not an active shooter. This is not an act of terrorism,” Madison police spokesman Joel DeSpain said.​

    ​​http://www.chicagotribune.com/news/local/breaking/ct-wisconsin-mall-shooting-20151219-story.html

    ​Just a guy. With a gun. in a mall. C’mon ‘Merika, git tough​. Onward Christian soldiers!

  5. Molesworth commented on Dec 20

    My sister is a climate change denier.
    Presented with evidence, her response is “well even if it is true, what we do might make it worse.”
    Embarrassing to think I’m related.

    If all the jobs and recovery are in the Midwest, including Iowa, why are voters so angry? Why is Trump nativism taking hold?

    • Iamthe50percent commented on Dec 20

      Because the jobs are McJobs and we still have the BS that people don’t want to work, especially those layed off old guys.

  6. rd commented on Dec 20

    Well there goes the argument that we need to eliminate the Fed and go back on the gold standard to achieve financial and economic stability. Inflation and deflation looked like a movie car chase on a snow-covered mountain road. As we got deeper into the period where the Fed got experience and credibility and the US went entirely off the gold standard, things settled down a lot. Even the spikes in the 70s and 80s are more muted than most of the pre-WW II era.

    http://awealthofcommonsense.com/a-history-of-real-interest-rates/

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