Unstructured Finance

UF Weekend Reads

So there’s this election this Sunday in Greece and everyone–who follows the markets–is all excited. But at the end of the day, the main reason people in the markets are all up in arms is because they want to know who will get paid, in what order and most important–how much. Sadly, there’s too little focus on whether the right people/institutions are getting paid; let alone issues of social dignity and the quality of human existence. Guess that’s what the markets are all about, right?

But don’t let any of that stop you from saying thanks to your dad tomorrow. And for all of you dads out there—A Happy Father’s Day. Here then is Sam Forgione’s weekend reads:


From The New Republic:

Dierdre N. McCloskey spans the efforts of economists to gauge happiness.

From Foreign Affairs:

Layna Mosley offers a level analysis of euro zone government debt and how markets view it.

From The New York Times:

Paul Sullivan writes about how investors might not want to get too attached.

From Fortune:

Mina Kimes profiles a stock picker who has taken an unusual shine to Europe.

From The Nation:

Gar Alperovitz and Thomas M. Hanna argue that the government should step in and tame our corporate juggernauts.

Dad’s gonna feel the recession this year

COURT ROBERTSA new survey by the National Retail Federation found that consumers are planning to spend significantly less on Father’s Day than they did last year.

Although retailers have already begun to aggressively advertise deals on grills, televisions and other toys many dads dream about, the National Retail Federation‘s annual survey — conducted by BIGresearch — says they’re out of luck.  Consumers are expected to spend $9.4 billion on gifts for dad, or an average of $90.89 per person, down slightly from $94.54 last year.

Let’s not forget that last year, the headline from the NRF survey said “Dad takes a back seat to Gas and Food costs.”  That’s right, before one of the most dramatic financial meltdowns in generations, Americans still weren’t planning to spend much on ol’ pop.  Back then, the cost of filling the family’s stomachs and getting them around town pushed the expected average spending down from $98.34, or $9.9 billion overall.