For the commute home,
- Move the people to the growth, not the growth to the people (or, What to do about Michigan?).
- Michael Lewis and Steve Eisman are being sued for the way Lewis portrayed Wing Chau in The Big Short.
- The EM doom has gone too far.
- “Ultimately, sovereign wealth funds exist to insulate domestic economies from the external forces that might disrupt domestic plans or discount domestic institutions.”
- Felix schools the WSJ on credit default swaps.
- Mortgage originations keep climbing, but most of them are for refi, and mortgages serviced are still falling.
- NYSE and Deutsche Borse are playing coy on possible staff redundancies were the deal to go through.
- Financial crises generate bull markets in academic papers:
