My morning reads:
• The Accounting Trick Behind Thirty Years of Scandal (Time)
• Top Investors Show Their Cards (Barron’s)
• Finra’s ‘independent regulator’ label gets closer scrutiny during SRO debate (Investment News) see absurdly Morgan Stanley Unit Fined Over Trader’s $1.3 Billion Bet (Bloomberg)
• Fascinating article about Jay-Z & NJ Nets: With Arena, Rapper Rewrites Celebrity Investors’ Playbook (NYT)
• Will Nothing Slay the Ethanol Dragon? (Reason)
• N.Y. Fed says municipal bond defaults higher than ratings agency counts (Washington Post) see also Risk Builds as Junk Bonds Boom (DealBook)
• Another fluky stat exposed: July retail sales (NY Post) see also Inflation Deflation (Economix)
• WTF? No Criminal Case Is Likely in Loss at MF Global (DealBook)
• To Spot a Liar: An Offices of SciAm Mystery (Scientific American)
• 5 Founders Who Came Back to Rescue Their Companies (Fiscal Times)
What are you reading?
America’s consumers
Source: Economist
What's been said:
Discussions found on the web: