An interesting variety of readings today:
• The Equity Culture Loses Its Bloom (Institutional Investor):
‘The equity party is over. After a 25-year bender in which stocks catapulted Wall Street to such dizzying heights that financial firms managed to tip off a worldwide recession, the cult of equities is declining in earnest. The resulting hangover could fundamentally change the game for Wall Street.”
This one has a certain “Death Of Equities” smell to it . . .
• Interview with Dr. Marc Faber: US vs China: Watch the power game play out (FT)
• Lower loan payments = fewer redefaults for homeowners (CNN/Money)
• My lazy American students (Boston Globe)
What are you reading?