A few from tyillc.com that hit the mark, from my POV:
- More on meaningless bank capital: Bragging banks ... – full disclosure, the basis for functional capital markets, is dead (mumbles in the notes don’t count)
- Models for financial risk are flawed – why Richard Bookstaber and most finance professors are idiots
- Virtue, Vice and Banks – got to love the Anglicans, the new Archbishop of Canterbury schools the banks
John Hussman’s remarks on QE are especially trenchant this morning.
I suspect a deflationary shock is in the cards.
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