Our Sunday morning reading, surprisingly heavy with WSJ and WaPo columns:
• World’s Most Respected Company: Berkshire Hathaway dethrones 3x winner Apple (Barron’s)
• Ignore the pessimists – central banks are helping (FT.com) see also Fed’s Dudley: Markets Wrong to Think Tighter Policy Coming Soon (WSJ)
• The US State Pension pot is half full: Net liabilities as % of revenues (Economist)
• Gold prices fell 23% in the second quarter, the biggest quarterly decline since the start of modern gold trading in 1974 (WSJ) but see Peter Schiff repeats “If you don’t own gold and silver, you really got to buy” (Info Wars)
• U.S. Regulators Strike Agreement on Capital Rule (WSJ)
• Middle-class rage sparks protest movements in Turkey, Brazil, Bulgaria and beyond (Washington Post) see also The Global Middle-Class Revolution (WSJ)
• Our banks are not merely out of control. They’re beyond control (The Guardian)
• Fed Officials Intensify Effort to Curb Surge in Interest Rates (Bloomberg) see also A Stormy Summer Looms for Bonds (WSJ)
• NSA slides explain the PRISM data-collection program (Washington Post)
• Siri’s Creators Demonstrate an Assistant That Takes the Initiative (MIT Technology Review) see also Apple Finds It Difficult to Divorce Samsung (WSJ)
Whats for Brunch today?
Business Feels Pinch of Swift Rate Rise
Source: WSJ
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