10 Wednesday PM Reads

My afternoon train reads:

• U.S. Stocks Fall as Fed Minutes Show Debate Over Stimulus (Bloomberg) see also Fed Officials Feared Easy Money Could Rattle Markets (WSJ)
• Seth Klarman Parts the Curtains, Carefully (Institutional Investor’s Alpha)
• A Revolving Door in Washington That Gets Less Notice (DealBook)
• Former Powell chief of staff: Bush administration cooked the books on Iraq (The Raw Story)
WTF headline of the day: 5 dangers set to trip a 100-year bear market (MarketWatch)
• Single greatest driver of income inequality over 15 year period was runaway income from capital gains and dividends (WaPo)
• Economic Optimism vs. the Sequester (Rational Irrationality) see also GOP’s complaints about looming spending cuts ignore its role in creating them (McClatchy)
• U.S. Unveils New Strategy to Combat Hacking (WSJ)
• They’re drilling, baby, drilling – and gas prices still going up (McClatchy) see also Shale Gas Bubble Looms, Aided by Wall Street (DESMOGBLOG)
• The Recline and Fall of Western Civilization (Slate)

What are you reading?


Nasdaq surpasses its credit bubble highs of late 2007

Source: Chart of the Day

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