My morning reads:
• Five years on, the Great Recession is turning into a life sentence (Telegraph)
• Why High-Frequency Trading Doesn’t Compute (Barron’s)
• Reports of the Death of Equities Have Been Greatly Exaggerated: Explaining Equity Returns (GMO) but see A Market Rebound That’s Defying Old Rules (NYT)
• Libor Case Energizes a Wall Street Watchdog (DealBook)
• U.S. banks told to make plans for preventing collapse (Reuters) see also Banks Face Derivatives Margin Losses As Too-Big-To-Fail Ends (Bloomberg)
• Double Bottom Signals Nikkei 225 May Advance (Bloomberg)
• In fast-changing India, preserving what came before (Washington Post) see also In China, New Cause for Worry on Growth (WSJ)
• Debt crisis: ECB buying Spanish and Italian debt ‘makes no sense’ says Belgian bank governor (Telegraph)
• Concentrate On This: Mortgage Servicing Concentration (Bank Lawyer’s Blog)
• A Mutual Fund Master, Too Worried to Rest (NYT)
What are you reading?
As Corporate-Bond Yields Sink, Risks for Investors Rise
Source: WSJ
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