Items of note worth reading:
• Best Quarter Since ‘98 for Dow (WSJ) And the Dow only had to get cut in half to make it happen!
• Should Volcker be Fired? (Brown Brothers Harriman)
• Greenspan Sees Growth Slowing as Stocks ‘Flatten Out’ (Bloomberg) Greenie…
Russell Bailyn submits:
Many of my clients and readers understand my general preference for exchange-traded funds (ETFs) over mutual funds. It isn’t that I doubt the ability of any active mutual fund managers to outperform their benchmarks—plenty of them do. It’s…
No and unclear! A bunch of you have been wondering where Jarvis has been lately, fearing a Margaret Brennan-like abandonment. For now, be easy– she’s on vacation this week. However, and I only say this so you can emotionally steel…
Note: Any reading below 100 shows contraction for this index.
From the National Restaurant Association (NRA): Restaurant Performance Index Declined in August as Same-Store Sales and Customer Traffic Slipped
Restaurant industry performance softened in August, as the National Restaurant Association’s comprehensive index…
Robert Waldmann
It would be easy to pass a law that issuers of securities aren’t allowed to pay ratings agencies. One problem is that if purchasers of securities paid for ratings, the ratings would have to be their secret at least…
Will social games maker Zynga IPO before Thanksgiving?
Inside Facebook sources suggest it’s possible:
“Some industry sources we’ve talked to have suggested that Zynga could make a bold move to file before Thanksgiving, trying to immediately build on the overall attention it and…
Every day there’s some new headline about the high cost of healthcare and even people who voraciously disagree on what should be done, usually agree that costs are out of control. The average family policy now costs over $13,000, according…
Ravi Nagarajan submits:
Every time a major financial crisis occurs, numerous premature obituaries of the Efficient Market Theory (EMT) seem to appear in various business publications. The Wikipedia link provided here only offers a cursory explanation of the theory but is a useful…
$$$ French Rogue Trader Takes to Riviera Stage [AP]
$$$ BofA’s Krawcheck Sets Her Team: The Memo [Deal Journal]
$$$ Hank Greenberg’s I-Firm Takes 120K Feet in Zuckerman’s 399 Park [NYO]
$$$ The SEC’s 58-Step Program [BI]
$$$ Bonita Bay Brawl [implode-o-meter]
$$$ This is a sculpture of a bull impaling Bernie Madoff. [BBC]
Sponsored Topics:
Bernard Madoff – U.S.…
Some interesting reading for a sleepy Tuesday afternoon:
• As Subprime Lending Crisis Unfolded, Watchdog Fed Didn’t Bother Barking (WaPo)
• How Bank of America Used Merrill Losses to Bully the Government (Law.com)
• FDIC Proposes Banks Prepay Deposit Fees Through 2012 (Bloomberg)
• A risky revival (FT)
•…
