My early morning reads to start the week:

• 4 years after Wall Street crash, regulation of financial markets is still spotty (MC Clatchy) see also Double or Nothing: How Wall Street is Destroying Itself (Azizonomics)
Martin Wolf: The Journey Towards Becoming Japan (
• For Many in Greece, Austerity Is a False Choice (NYT) see also As European Austerity Ends, So Could the Euro (Bloomberg)
• Subsidies Aid Rebirth in U.S. Manufacturing (NYT)
• Risk without Reward (Harvard Mag)
• So You Wanna Talk About JPM’s Trading Loss and The London Whale (Kid Dynamite’s World) see also [JPM Whale-Watching Tour] Too Big To Hedge (
• What if realists were in charge of U.S. foreign policy? (Foreign Policy)
• Seeing is understanding (Taschen)
• Missing: Stats on Crisis Convictions (WSJ)
• Prime-Time Howard Stern (NYT)>

What are you reading?


A Rare Speed Bump in Commodities’ Long Run

Source: WSJ

Category: Financial Press

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6 Responses to “10 Monday AM Reads”

  1. Mike in Nola says:

    Listening to Bloomberg Radio and the disconnect between NY and the real world is apparent. $900 for a hockey ticket and the woman is talking about how well then luxury stores are doing. They need to thank their Uncle Ben.

  2. formerlawyer says:

    Hmm, I wonder how many “bad decisions” were made late at night?

  3. AHodge says:

    GMAC now Ally bank one of the lowest
    majority owned by the US govt
    putting its Rescap mortgage subsidiary into bankruptcy
    im still thinking about this one
    any legal or other opinion??

  4. Singmaster says:
    Montier’s The Flaws of Finance. Timely.
    Well worth it if only for p. 6: how finance views the world vs his 3 year old daughter
    The Modeler’s Hippocratic Oath
    * I will remember that I didn’t make the world, and it doesn’t satisfy my equations.
    * Though I will use models to boldly estimate value, I will not be overly impressed by mathematics.
    * I will never sacrifice reality for elegance without explaining why I have done so.
    * Nor will I give the people who use my model false comfort about its accuracy. Instead I will make explicit its assumption and oversights.
    * I understand that my work may have enormous effects on society and the economy, many of them beyond my comprehension.


    BR: I just saw this presentation at the 65th Annual CFA Institute Conference in Chicago on May 6, 2012.
    The Flaws of Finance — James Montier

  5. ilsm says:

    “The liberal (internationalists, not related to FDR or Truman)/neoconservative alliance” intervention is profitable.

    Besides squandering 5% of GDP, ad infinitum, will kill the New Deal.