Some reads to start your morning:

Kenneth Rogoff:  A Gravity Test for the Euro (Project Syndicate) see also Europe’s leaders have agreed on how to prop up the euro. For now (Economist)
• Credit Unions Poach Clients (WSJ)
• Europe’s rescue fiasco leaves Italy defenceless (Telegraph) see also For Markets in Europe, the Focus of Fear Moves to Italy (NYT)
• Capitalism can’t just be about money (Tim Harford)
Simon Johnson: Middle Class Pays for Financial Market Mistakes (Bloomberg) see also Time to turn outrage over bank fees toward entire financial industry (LA Times)
Bob, You’re too kind! Mayor Bloomberg Makes The Big Lie; Exonerates Banks (Forbes)
• Bond Investors Sit on Hands (WSJ) see also Stocks or Bonds for the Next 30 Years? (Motley Fool)
• Can Anyone Really Create Jobs? (NYT Magazine)
• Wall Street’s resurgent prosperity frustrates its claims, and Obama’s (Washington Post) see also Investors Can’t See Banks for the Hedges (WSJ)
• Apple’s Freebie IPhone Pits Premium Brand Against Bargain Fare (Bloomberg)

What are you reading?

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Source: Pro Publica

Category: Financial Press

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.

13 Responses to “10 Many Monday AM Reads”

  1. Moss says:

    This is, has been and will continue to be the issue that every American, blue, red or purple needs to demand an end to. Would love to see this on Fox news and have Bill O interview Jack. I know that won’t happen so maybe this story will go viral. The Big Lie is funded by the big liars.

    http://www.cbsnews.com/8301-18560_162-57319075/jack-abramoff-the-lobbyists-playbook/

  2. kenny powers says:

    The definition of denial:

    http://www.businesscycle.com/#

    Watch the latest interview. Listen to these guys. What the f? Who listens to thes people? L. Acuthan is going to e proven right again.

    No doubt Steve Lie-sman and Ross-Sorkin will make up some lame escuse for again being horribly wrong on everything. Unbelievable.

  3. crutcher says:

    The Davidson piece falls flat in its discussion of how the Chicago school sees the problem. It’s not time per se but rather capital destruction that a distressed market economy needs in order to regain health. Friedman was wrong on important points, but not about that.

  4. VennData says:

    “…Yes, paranoia, greed and racism are fun…”

    http://www.youtube.com/watch?v=Fm5IEWotkfE&feature=youtu.be

  5. VennData says:

    From the Economist article…

    “…Even if the euro zone succeeds in avoiding CDS payouts, this could prove a Pyrrhic victory. If losing half the face value of a bond does not amount to a default, what does? Undermining the value of CDS insurance could deeply distort the market…”

    So? Make sovereign CDS pay a percentage of the write down. It’s just as unfair to get 100% on a 50% write down as it is to not pay CDS holders their 50% when some feckless nation state gets a partial write down.

    So the real problem is that the Banker’s imaginative new “products” once again, weren’t really designed correctly. Banks, it seems, don’t really innovate that well.

  6. Dow says:

    I love the title of this article: Credit Unions Poach Clients. Gee – you think the WSJ is worried much?

  7. Transor Z says:

    Lenzner’s got your back, Barry. Awesome.

  8. donna says:

    let’s hope there are MF Global convictions soon…

  9. Jim67545 says:

    The NYT article “can anyone create jobs” is pretty good.
    I’m reading Calculated Risk http://www.calculatedriskblog.com/2011/11/mers-update-multidistrict-litigation.html
    Interesting article on the recent court case involving a group of claimants and MERS as defendent and the judge’s dismissal of the concept of “fraud” and of delegitimizing the mortgage documents. In this blog it is popular to refer to MERS and the banks using it as fraudsters. Perhaps their fraud lies elsewhere.

  10. Terry says:

    Hmmmmm, last week’s events give a whole new meaning to “convictions.”

    And I’m sure they will be well deserved.

  11. streeteye says:

    SNL Weekend Update with Seth Meyers – a closer look at Europe
    http://www.nbc.com/saturday-night-live/video/weekend-update-a-closer-look-at-europe/1366743/

    Greek oligarchs’ looting gameplan – use media properties they own to whip up anti-Euro sentiment, squirrel away Euros, post-deval settle tax evasion claims cheap, and buy assets cheaper
    http://www.ft.com/intl/cms/s/0/618e57d6-0937-11e1-a20c-00144feabdc0.html

    And for something completely different – Pettis on China, doesn’t see hard landing
    http://www.ft.com/intl/cms/s/0/0b20afde-0937-11e1-a20c-00144feabdc0.html