Economists, Default Settings and the President

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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We do live in interesting times, and nothing helps more than our morning train reads:

  • Disaster myopia and longest, shallowest cycle ever: Nowhere does overthinking seem more prevalent than in global macro (Mark Dow); see also 1929 vs. 2000 (A Wealth of Common Sense)
  • Moody’s: Active fund managers face more pain (Financial Times)
  • Why Economists Are Better Than Markets at Telling You How the Economy Is Doing (Bloomberg)
  • U.S. manufacturing is thriving (Strategy + Business)
  • Mobile platform wars: the final score (Benedict Evansbut see Android Handset Makers’ Advance Squeezes Apple (Wall Street Journal)
  • Zoning Has Had a Good 100 Years. Enough Already. (Bloomberg View)
  • 5 Barack Obama Accomplishments Republicans Pretend Never Happened (National Memo)
  • Recode’s Kara Swisher on What’s Wrong (and Right) With the Media (New York)
  • Set It and Forget It: How Default Settings Rule the World (ProPublica); see also Key findings on how Americans view new technologies that could "enhance" human abilities (Pew Research Center)
  • Meet Luca, the Ancestor of All Living Things (New York Times)

What are you reading?

Inversion A Better Signal Than Flattening

Source: Bespoke

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 Ritholtz at

To contact the editor responsible for this story:
Brooke Sample at