All Things in Moderation

Morning Report – FHFA House Price Index rises 7.3% YOY 7/23/13

24 Responses

1. 

   novahockey, on July 23, 2013 at 1:18 pm said:

   OT to Michi: http://reason.com/archives/2013/05/19/a-new-kind-of-republican

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     ScottC, on July 23, 2013 at 1:53 pm said:

     Anthony Weiner is apparently determined to find out just how stupid NYC voters are.

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       markinaustin, on July 23, 2013 at 4:24 pm said:

       http://gawker.com/heres-anthony-weiners-weird-sexting-press-conference-886951868

       I think we have a candidate for perfection, here. The Perfect Fool.

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       • 

         markinaustin, on July 24, 2013 at 7:03 am said:

         I am interested in everyone’s take on Summers as Fed Chair.

         http://tinyurl.com/mr8b8oc

         I know Brent thought it would be Yellen. Full disclosure: I hoped never to hear the name Larry Summers again. But I am willing to defer to Brent on this and probably to Scott, as well.

         My concerns about Summers have to do with his irascible personality and his eagerness to deregulate in the 90s. I also think he might continue to pump out money in preference to dollar stability even in an inflationary setting.

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         ScottC, on July 24, 2013 at 9:28 am said:

         Mark:

         I am interested in everyone’s take on Summers as Fed Chair.

         I don’t really have much of an opinion/preference either way. From a political perspective I’m a little surprised that Summers is looking more and more likely, but I can’t make a heartfelt argument that it should be Yellen over Summers or vice-versa.

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2. 

   jnc4p, on July 23, 2013 at 3:05 pm said:

   Another piece on employers capping hours to avoid the Obamacare mandates.

   http://www.washingtonpost.com/national/health-science/health-care-law-is-tied-to-new-caps-on-work-hours-for-part-timers/2013/07/23/e6272544-e96a-11e2-aa9f-c03a72e2d342_story.html

   Worth noting that no one is falling for the one year delay:

   “While a number of private businesses cut worker hours this year because of the health-care law, they have been loathe to do it because of fears of public blowback, said Jared Pope, a Texas consultant whose clients include local governments and businesses. Governments have been more open because they must make their decisions publicly, he said.

   He estimated that seven of his 62 clients had capped hours and another 18 were considering it. Those that took the difficult step of curbing part-time hours are not likely to reverse course, only to have to reinstate the limit next year, he said.

   “They kind of somewhat [ticked] people off already,” he said. “They don’t want to undo it and become a good guy now, only to do it all over again to be the bad guy.”

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3. 

   lmsinca, on July 23, 2013 at 6:14 pm said:

   He’s a real charmer isn’t he? Why in the world would anyone vote for him? He even made the 5:00 news here in CA.

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4. 

   Michigoose, on July 23, 2013 at 6:18 pm said:

   Mark: yes, he is. I don’t understand it at all, but I’ll be honest and say that, even more than that, I don’t understand his wife.

   This is the second time he’s been exposed (so to speak) publicly and she’s standing by him? Again? HE’S CHEATING ON YOU, HUMA.

   For goodness’ sake, get some self respect.

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5. 

   Troll McWingnut or George, whichever, on July 23, 2013 at 7:03 pm said:

   Huma reminds me of someone. Can’t quite put my Fi get on who…

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6. 

   Troll McWingnut or George, whichever, on July 23, 2013 at 8:20 pm said:

   Heh.

   http://minx.cc/?post=341895

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7. 

   lmsinca, on July 24, 2013 at 7:02 am said:

   This guy is a real charmer. They say they won’t fire him but if he was on my payroll he’d be gone in a skinny minute. And not because he picked on liberals either. Someone needs anger management training or a straight jacket.

   Anthony Weiner isn’t the only one finding out that you cannot run and hide after posting on facebook or you tube or even just emailing under a fake handle. Anyone catch Geraldo Rivera’s beauty?

   http://www.rawstory.com/rs/2013/07/23/pennsylvania-police-chief-fck-all-you-libtards-out-there-you-take-it-in-the-a/

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8. 

   lmsinca, on July 24, 2013 at 7:11 am said:

   Yves Smith over at Naked Capitalism on Larry Summers.

   I’ve been gobsmacked to see that not only is Larry Summers on various short lists of candidates to become the next Fed chairman, but that Summers is also supposedly closing in on the favorite, Janet Yellen.

   In early 2012, Summers was lobbying hard to become the head of the World Bank and didn’t get the nod. The fact that he is now under consideration for a bigger job should set alarm bells off. While Paul Krugman weighs in on both, concluding that Yellen would be the better pick, he’s still far kinder to Summers than the Harvard economist deserves.

   The big problem with Summers is not his record on deregulation (although that’s bad enough) or his foot-in-mouth remarks about women in math, or for suggesting that African countries would make for good toxic waste dumps. No, it’s his appalling record the one time he was in a leadership position, as president of Harvard. Summers was unquestionably the worst leader in Harvard’s history.

   Summers, unduly impressed with his own economic credentials, overruled two successive presidents of Harvard Management Corporation (the in-house fund management operation chock full of well qualified and paid money managers that invest the Harvard endowment). Not content to let the pros have all the fun, Summers insisted on gambling with the university’s operating funds, which are the monies that come in every year (tuition and board payments, government grants, the payments out of the endowment allotted to the annual budget). His risk-taking left the University with over $2 billion in losses and unwind costs and forced wide-spread budget cuts, even down to getting rid of hot breakfasts.

   http://www.nakedcapitalism.com/2013/07/why-larry-summers-should-not-be-permitted-to-run-anything-more-important-than-a-dog-pound.html

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9. 

   Michigoose, on July 24, 2013 at 7:24 am said:

   NoVA: thanks for the article on Amash. Since he only became an Ayn Rand fan four years ago, he may grow out of it yet!

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   • 

     novahockey, on July 24, 2013 at 7:39 am said:

     Re: Weiner .. I can’t find it, but someone (Jonah Golderg, Instapundit?) tweeted out …. yes, it’s hard to believe that the Clinton’s proteges would turn out to be a philandering liar and a women who stands by her man so that she might one day drive the bus.

     or something to that effect.

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10. 

    lmsinca, on July 24, 2013 at 7:45 am said:

    “Stand By Your Man” is entirely over rated.

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11. 

    novahockey, on July 24, 2013 at 8:26 am said:

    not if you want to be POTUS one day.

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12. 

    yellojkt, on July 24, 2013 at 8:42 am said:

    Setting the clock on Wiener tearfully admitting his ‘addiction’ and entering rehab. The guy has got a problem but it’s not medical. The amazing part is that he seems to have been trading smutty photos with an actual woman. I didn’t think those actually existed on these dirty talk boards. How do any of these sexters know they are dealing with real people? I’m shocked he didn’t get catfished.

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13. 

    Michigoose, on July 24, 2013 at 8:45 am said:

    I can’t sign in over on WaPo (problems with their site–imagine that!), but I saw your comment about not having cable, NoVA. Try Wiziwig; I haven’t tried them for anything other than sports, but they’re really good at that. It’s a site that caters largely to expats in Europe, so the anchors are often from Sky (in the UK, right Scott?) but even the commercials are better.

    Mark also knows of a website, but I can’t find it right now–I thought I had it bookmarked, but maybe not on this computer.

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      ScottC, on July 24, 2013 at 9:39 am said:

      I think Sky runs satellite TV in several places around the world, but the UK is definitely one, called BSkyB (British Sky Broadcasting), which is the one I am familiar with.

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14. 

    Michigoose, on July 24, 2013 at 8:46 am said:

    yello:

    It’s going to turn out that the “woman” is really Manti Te’o, just you wait. . .

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15. 

    novahockey, on July 24, 2013 at 9:34 am said:

    thanks for the tip on wizwig, michi.
    i found that I don’t miss ESPN or sports talk at all. I watch the game, and that’s it. and if I miss it, highlights are online almost immediately.

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16. 

    Michigoose, on July 24, 2013 at 9:42 am said:

    That’s the one, Scott!

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17. 

    Michigoose, on July 24, 2013 at 9:54 am said:

    jnc may have already posted this here, but an interesting take on the Yellen vs Summers thing:

    In conversations with members of the Federal Reserve, the Obama administration, financial reporters and the broader monetary-policy community, I’ve had a surprising number of discussions that follow the same pattern: “Yellen is great,” my interlocutor will say. “But … ”

    The “but” is a variation on a theme. She lacks “toughness.” She’s short on “gravitas.” Too “soft-spoken” or “passive.” Some mused that she is not as aggressively brilliant or intellectually probing as other candidates — though they hasten to say she’s clearly very knowledgeable about monetary policy. Others have wondered whether she could handle the inevitable fights with Congress.

    Requests for specifics don’t yield much. It’s more a feeling. An intuition. A sense. But these airy hunches are held by powerful people who will be involved, formally and otherwise, in the selection of Bernanke’s replacement.

    What the complaints share is an implicit definition of leadership based on stereotypically male qualities. They aren’t qualities that all men have, or all women lack, but they’re qualities that tend to be more rewarded in men than in women, and thus more prevalent among men than women. And because every chairman of the Federal Reserve (as well as every Treasury secretary) has been male, such qualities have steadily, perhaps subconsciously, informed the portrait etched in many minds of high-level economic policy makers.

    This generic portrait survives in part because monetary economics remains a bit of a boys’ club. “In the general finance world, and even in economics, there are tons of women,” said Christina Romer, an economist at the University of California at Berkeley and former chairman of President Obama’s Council of Economic Advisers. “But I’m lucky at monetary-economics conferences if I’m one of three women, and now that Anna Schwartz has died, if I’m one of two.”

    http://www.washingtonpost.com/blogs/wonkblog/wp/2013/07/19/the-subtle-sexist-whispering-campaign-against-janet-yellen/

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18. 

    jnc4p, on July 24, 2013 at 12:12 pm said:

    I don’t necessarily buy the sexism argument. It’s more that her inflation stance is outside the mainstream consensus. Krugman wouldn’t have a chance either.

    Edit: If you didn’t see this link at PL, it’s worth a read:

    http://www.nextnewdeal.net/rortybomb/yellen-summers-and-rebuilding-after-fire

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