Ritholtz's Reads: Consumers Spend Gas Savings

Here are your Friday morning train reads.

Under 20 on the VIX "fear index," the Standard & Poor's 500 Index is above its 50-day moving average and the weekend is here? Celebrate with our morning train reads:

• Why everybody knows CEOs are overpaid, but nothing happens (The Conversation

• Annual Stock Market Returns (Irrelevant Investor

• U.S. Consumers Splurged with Gas Savings After All, Study Finds (Real Time Economics

• Advisers Are Pitching Direct Lending As An Asset Class (Climateer Investingsee also How to Smartly Invest in Shadow Banking (Barron’s

•Microsoft’s Collapse and Facebook’s Mobile Domination in Two Charts (Re/Code)

• What’s in a Boarding Pass Barcode? A Lot (Krebs on Security)

• Taking on the Drug Profiteers: Martin Shkreli Is Not the Problem (New Yorker)

• Trump calls former President George W. Bush ‘a disaster’ (Fox Newssee also Why Donald Trump Will Always Be a “Short-Fingered Vulgarian” (Vanity Fair)

• Why Comedians Love the Mets: From Jerry Seinfeld to Jon Stewart, the second fiddle of New York baseball could fill a dugout with A-List comics—ones who love to embrace suffering (WSJ)

• Reel-to-reel tape is the new vinyl (The Verge)

Be sure to check out our Masters in Business interview this weekend with Ken Feinberg. 

Abenomics Is Doing Better Than You Think 


Source: WSJ

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