Daily Reading on the Financial Markets: 1/10/12

Writing on Our Finite World, Gary Peters summarizes our financial and ecological Ponzi scheme (my words), and the Faustian “Bargain” that feeds our current standard of living.

From Aaron Krowne on Implode-O-Meter Blog, a doubtful eye is cast upon the Fed’s desire for “greater transparency.”  They want transparency like the U.S. wants actual Democracy in the Middle East.

Cullen Roche at PragCap lists “5 Global Risks to Monitor Heading into 2012”, primarily measures of European debt risk.

Chris Kimble notes that a few Financial ETF’s have broken through resistance, but points to PFF as an important indicator to watch.  So far this year, PFF has continued higher as the broader S&P has flattened.