Home > Daily Reading on the Financial Markets, Financial Ponzi, investing, Stock Market > Daily Reading on the Financial Markets: 9/6/11

Daily Reading on the Financial Markets: 9/6/11

Nassim Taleb and Mark Spitznagel on the U.S. financial system’s massive extraction of wealth, at the direct expense of society at large.  From CNN.

Yesterday I noted an apparent US Dollar to break above a multi-month falling trendline. Today we get a potential fundamental catalyist for the US Dollar, as the Swiss National Bank tries to remove the Swiss Franc from the list of safe-haven currencies.

The Reformed Broker on the unpleasant history of equities in the month of September, and his unpleasant expectations for this month.

UBS releases a research note on what a Euro break-up might look like.  From Zero Hedge.

Gold pushes $1900/oz again on Euro weakness, and a Chinese cable released by Wikileaks detailing their interest in gold.

Avi Gilbert at Seeking Alpha makes the case that Warren Buffett’s history of deal-making success was built in a different economic era, and his Bank of America purchase may be more in keeping with some of his recent failures.

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