Must-Reads Found Up to Lunchtime on November 20, 2015
- : Number-Crunchers Lift Lid on Investor Choice: “Retail investors…fatally drawn to chasing performance…” :: Must-Read: This is what Akerlof and Shiller’s Phishing for Phoolsis about…
- : mainly macro: Politically Impossible: “Should I have demanded a retraction? I didn’t: life is short… perhaps it said more about the writer than it did about me…” :: The writer, BTW, is Chris Giles, whom we have seen before…
- : Why Democrats Fixate on Glass-Steagall: “Glass-Steagall… is the perfect Washington Issue… negligible impact but great popular charm… politicians… sound as if they are addressing some major problem without having to go to the trouble of actually doing so…” :: But narrow-banking advocate Milton Friedman would be especially shrill today that the repeal of Glass-Steagall should be repealed…
- **: 2015 National Book Award Non-Fiction Winner
- Macro Advisers Forecasts: 1.9% GDP Growth in Q4
- : “States with Democrats in charge accept [Medicare expansion]. States with Republicans… have mixed records…. But once a state goes along with Medicaid expansion, it doesn’t go back on it even if a strongly conservative Republican is elected governor…”
- : EZ Crisis: A Consensus Narrative
- (2014): North Dakota’s Oil Bonanza Is Unsustainable
- : “Swiss watch exports had their biggest decline in six years in October, led by a 39 percent slump in shipments to Hong Kong…. Shipments declined 12 percent to 2 billion Swiss francs ($2 billion), the Swiss customs office said…”