Ritholtz's Reads: Consumers Spend Gas Savings

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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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

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

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

To contact the editor responsible for this story:
James Greiff at jgreiff@bloomberg.net