10 Thursday AM Reads

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

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