Daily Reading on the Financial Markets: 8/13/11
Charles Hugh Smith notes market over-valuation (CNBC didn’t mention that? shocking!), dreadful employment, and an economic environment where corporations are the big winner.
Matt Phillips at WSJ depicts the Eurocrisis in one chart of bank borrowing from the ECB by nation.
Barry Ritholtz doesn’t see much cause for hope in housing.
“George Washington” at Zero Hedge provides an update on the disturbing developments in Fukushima.