Here is what’s worth reading this afternoon:
• VIX curve implies a ‘systematically important shock event’ (FT.com) see also In Crisis Mode, Hedge Fund Managers Turn To The VIX (Kenneth Rapoza)
• Business networks (‘cept CNBC) rush in with Weeeknd downgrade coverage (Yahoo Finance)
• The Business of Austerity (New Yorker) see also Defining Economic Interest (Economix)
• Subpoenas For High Speed Trade Firms (WSJ) but see Criminal Mortgage Probes Fizzle (WSJ)
• Wall Street’s Tax on Main Street (NYT)
• National debt by U.S. presidential terms (Wikipedia) see also The Meltdown’s True Villain (The Daily Beast)
• How Bad Is It? (New Yorker)
• Kass: Change Is What We Need (The Street) see also Voters Want a Change Politicians Can’t Deliver (NYT)
• The Root of All Sovereign-Debt Crises (Project Syndicate)
• The Curse of the Triple-A Rating Is Still Haunting the U.S. (WSJ) see also Banks say they had prepared for downgrade (FT.com)
What are you reading?
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.