Ritholtz's Reads: Most Despised Company and Bitcoin Ponzi Scheme

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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Futures are all over the place this morning. I’ll let you know what they mean around 4 p.m. today. Oh, and my morning train reads:

  • Passive is Massive (FT)
  • Why you should buy the most despised company in America (Marketwatchsee also Buy What You Hate (TBP)
  • Nine Reasons Why Bond Yields Are Falling (Yardeni)
  • Forget Emerging Markets. Hot Topic at Davos 2015 Is the U.S.  (Bloomberg)
  • Headline of the day: Bitcoin revealed: a Ponzi scheme for redistributing wealth from one libertarian to another (Wonkblog)
  • Full Employment Alone Won’t Solve Problem of Stagnating Wages (Fiscal Timessee also Let the Pay Hikes Begin (Bloomberg View)
  • Bank of America warns of ‘lethal’ damage to China’s financial system as deflation deepens (Telegraph)
  • The Depression’s Unheeded Lessons (The Upshotsee also 6 Things I Learned From the Book “Since Yesterday: The 1930s in America (Housel)
  • Why Drugs Cost So Much (NYT)
  • Education plus ideology exaggerates rejection of reality (Ars Technica)

What are you reading?

Hedge Funds Take Cautious Line on Stocks

Wall Street Journal

This column does not necessarily reflect the opinion of Bloomberg View's editorial board or Bloomberg LP, its owners and investors.

To contact the author on this story:
Barry L Ritholtz at britholtz3@bloomberg.net