Good Tuesday morning. Here is what I am reading today:
• Wolf Ball: Why London’s bankers love Wall Street fraudster Jordan Belfort (London Evening Standard)
• Uh-Oh: The Profits Bubble (Research Affiliates), see also Investors Most Upbeat in 5 Years With Record 59 Percent Bullish in Poll (Bloomberg)
• Why Japan’s debt hasn’t wreaked havoc yet (Vox)
• Bove’s Book-Length Defense of Big Banks Goes Long on Straw Men and Conspiracy Theories (New Republic)
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.