10 Thursday PM Reads

My afternoon train reading:

• Analysis on Tapering QE3: Will Not Happen. (Calculated Risk) see also Parsing the Fed: How the Statement Changed (Real Time Economics)
Farrell: New China billionaires blowing massive bubbles (MarketWatch)
• MoneyBeat two-fer:
…..-It’s Not Just the Fed, It’s China, Too (Moneybeat)
…..-Gold is now only back to where it was in September 2010  (Moneybeat)
Today’s WTF headline: GM Surges to Top of Quality Rating With Ostrich Feathers (Bloomberg)
DeLong: The Second Great Depression (Foreign Affairs)
• Bernanke’s Bond-Buying Paradox for Markets (WSJ) see also Crossed signals over Fed’s stimulus efforts (Washington Post)
• Congress is wildly unpopular. Should anyone actually care? (Wonkblog)
• Why Monopolies Make Spying Easy (New Yorker)
• My attorney’s response to the cease-and-desist letter (Local Forums)
• Financial Sector Thinks It’s About Ready To Ruin World Again (Onion)

What are you reading


Banks Blundered on Mortgage Pact
Source: WSJ

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