Ritholtz's Reads: Expensive Is the New Cheap

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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My Two-for-Tuesday, post-holiday weekend morning train reads:

  • For S&P 500, Expensive Is the New Cheap (Bloombergbut see Don’t Count on Happy Returns for U.S. Stocks (MoneyBeat)
  • Productivity: It’s a drag. Restoring productivity levels is crucial to boosting living standards and filling tax coffers (FT)
  • Yanis Varoufakis: Austerity Is the Only Deal-Breaker (Project Syndicate) see also What Would Happen If Greece Doesn’t Pay the IMF: Q&A (Bloomberg)
  • Here’s where the jobs in renewable energy are (Vox)
  • Hedge Funds: The Awkward Victors (Market Mogulsee also Hedge funds’ conspiracy of mediocrity keeps fees high, returns low (Fortune)
  • If I Knew Then: Advice on careers, finance, and life from Harvard Business School’s Class of 1963 (HBS 1963)
  • BEA Works to Mitigate Potential Sources of Residual Seasonality in GDP (BEAsee also First-Quarter Growth May Look Better After Upcoming Statistical Tweaks (Real Time Economics)
  • Urban world: Cities and the rise of the consuming class (McKinsey)
  • What Liberals Still Don’t Understand About Fox News (Politicosee also Bartlett: Are Polls Always 'Skewed' Against Republicans? (TBP)
  • Why Honest People Do Dishonest Things: A failure to anticipate an ethical decision makes men and women more likely to lie or cheat. (Scientific American)

What are you reading?

Economists’ predictions for first Fed rate increase shift toward September

Real Time Economics

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

To contact the editor on this story:
Cameron Abadi at cabadi2@bloomberg.net