Daily Reading on the Financial Markets: 10/27/11
Interesting data on income inequality from Mark Perry at AEI, including a striking correlation between average income earners per household and the average household income.
Tony Pallotta at Macrostory continues to sound the warning, calling the current market environment a “slow motion car wreck,” and pointing to continued underperformance from high yield debt securities.
New Scientist looks at whether super-connected finance networks are inherently unstable. I for one offer a resounding “Aye!”
Paul Voker on Charlie Rose, if you have 28 free minutes for that sort of thing.