My afternoon train reading:
• Fed recoils from 1937 tightening error as jobs evaporate (Telegraph) see also What are the Risks of Quantitative Easing, Really? (Brad DeLong)
• “Bernanke is nothing if not a patient lover” (TRB)
• Breathing Room for Emerging Markets Watching Money Flee (NYT) see also Fed Leaves Hedge Fund Bears Waiting on Emerging-Markets Bet (Bloomberg)
• Smart Beta and the Pendulum of Mispricing (Research Affiliates)
• The Doom In Investing With Doomsayer Peter Schiff (YCharts) see also Peter Schiff Was Wrong (Mish)
• What You Need to Know Before Buying a House (WSJ)
• Next Reform Target: The Banker’s Brain (American Banker)
• Baum: ’Party of No’ Should Focus on ’Getting to Yes’ (Bloomberg)
• Smartphone Cameras at 41 Megapixels Pressure Canon, Nikon (Bloomberg) see also Everything You Need to Know About the iPhone 5C and 5S Reviews in One Table (Atlantic Wire)
• 8 Creativity Lessons from a Pixar Animator (Zen Habits)
What are you reading?
S&P 500 PE Ratio
Source: Chart of the Day
Category: Financial Press
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