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10 Tuesday PM Reads
Found on The Big Picture on Wed 19th Jun 13
My afternoon train reads: The Rally in Three Charts (Hint: Its Not All About the Fed) (Moneybeat)Santoli: New Abnormal Is the New New Normal but What Is It? (Yahoo Finance) The central bank (communications) bubble (FT Alphaville) see also Inflation Continues
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Which market segment is being targeted by Kaiser in California?
Found on Marginal Revolution on Wed 19th Jun 13
Megan McArdle updates us:Kaiser Permanente is one of the places that always gets cited as a model by health care reformers. It’s the biggest insurer in California, using a model that ended up being the basis for the HMO revolution. Kaiser owns its own
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IMF Article IV on the US: "deficit reduction in 2013 has been excessively rapid and ill-designed"
Found on Econbrowser on Wed 19th Jun 13
The IMF has just concluded its Article IV consultation with the US. The concluding statement observes:In particular, the automatic spending cuts (sequester) not only exert a heavy toll on growth in the short term, but the indiscriminate reductions in education,
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The policy mix
Found on Economics Blog on Wed 19th Jun 13
Should the next Labour government embrace fiscal conservativism as Hopi Sen suggests? I'm genuinely not sure.Let's start from the premise that, for a given inflation target (or indeed a target for anything else), a tighter fiscal policy must imply a looser
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NY Fed Manufacturing Index Improved in June
Found on The Bonddad Blog on Wed 19th Jun 13
New York manufacturers say business conditions returned to expansion this month but the subindexes covering current activity are much weaker, according to the New York Fed's Empire State Manufacturing Survey.
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Telegraph: If Bernanke really shakes the tree, half the world may fall out
Found on House Price Crash News Blog on Wed 19th Jun 13
We no longer have a free market. The worlds financial asset prices have become a plaything of central banks and the sovereign wealth funds of a few emerging powers.
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Assorted links
Found on Marginal Revolution on Wed 19th Jun 13
1. Greg Mankiw on income inequality (pdf).2. Elysium official trailer #2.3. Mistakes in German architecture, a three-way interview. Pretty amazing, and full of lessons about management and infrastructure and social capital and fiscal policy and principal-agent
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Japan As Proof QEternity Will Fail
Found on Macro and Other Market Musings on Tue 18th Jun 13
Fed chairman Ben Bernanke has much to consider when the FOMC meets this week.Japan’s markets are currently in revolt. The Bank of Japans quantitative easing (QE) program has been disappointing at best. Tokyo’s Nikkei index has lost more than 20%
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Analysis: Disappointing Construction Numbers
Found on WSJ.com: Economics Blog on Tue 18th Jun 13
Housing starts weren't as good as expected and the consumer price index rose 0.1%. Wells Fargo's Senior Economist Mark Vitner breaks down todays reports with the Wall Street Journal's Shari Deutsch.
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Techies Efforts to Own #Snowden/NSA Surveillance Narrative = #Fail
Found on The Daily Reckoning on Tue 18th Jun 13
Some Silicon Valley figures, along with some Democratic party-aligned media outlets, have tried assailing Glenn Greenwald, and indirectly, Edward Snowden, by trying to discredit certain aspects of the Guardian account of NSA surveillance in the US. Greenwald,
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