FURTHER WEEKEND READING
– Post-scarcity economics in the LA Review of Books.
– Justin Fox on SAC and the strange focus on insider trading.
Live markets commentary from FT.com
There’s a stupid rumour going around in the gold community that the Comex is “bleeding” inventory (especially from the JP Morgan vault) and that this will in some way compromise delivery that causes a default.
Kid Dynamite has already done the bulk of the heavy lifting in trying to debunk this story, as has Miguel Perez-Santalla at BullionVault, but we wanted to emphasise some points that go beyond the mechanics and which might be helpful. Read more
Japan’s CPI rose the most since 2008 in June || U.S. indicts hackers in biggest cyber fraud case in history || Activision CEO leads $8.2bn buyout || Halliburton to plead guilty over Gulf spill || Cutifani unveils shake-up at Anglo American || Samsung Electronics said smartphone would slow in Q3 || FHFA reaches $885m UBS settlement; more banks in regulators’ sights || GSK replaces China operations head || Greece clears last bailout hurdle || Activision to buy back most of Vivendi’s controlling stake || CFTC mulled metals warehousing investigation for two years || Fabrice Tourre said he “deeply” regretted a tasteless email || Markets Read more