My morning reads:
• Investing forecasts omit key factor: Luck (FT Alphaville) see also Silly Season Begins! (The Reformed Broker)
• Analysts Get Gloomy, Right on Schedule (WSJ)
• A Cooperative Approach on ‘Too Big to Fail’ Banks (DealBook)
see also The UK is well ahead of the US and the EU in its use of fiscal rules (London School of Economics and Political Science)
• MBS industry takes a hit in second NY ruling on trustee liability (Thomson Reuters)
• High-Frequency Trading: A Grave Threat to the Markets and the Economy (24/7 Wall St)
• Homebuilders Boom as Lending Masks Uneven U.S. Recovery (Bloomberg)
• China’s banking Weapons of Mass Ponzi problem pops up again (FT Alphaville)
• Google Revenues Sheltered in No-Tax Bermuda Soar to $10 Billion (Bloomberg) see also Windows 8’s Clarity Problem (Bits)
• Opportunity, a Mars Rover Past Its Best-By Date, Keeps Going (NYT)
• The history of AOL as told through New York Times crossword clues (Quartz)
What Are You Reading?
Russell 3000 Top Performing Sectors YTD
Category: Financial Press
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