Daily Reading on the Financial Markets: 10/23/12

PragCap commentary on the irony that implementing QE at a high may finally have brought about its own backfire.

Chris Kimble notes that the Euro is up against falling resistance, which likely bodes poorly for commodities as well.

An interesting infographic at EconMatters compares the U.S. versus China across economic and social categories.

Steve Waldman at Interfluidity on the systemic importance of allowing business (including bank) failures.