Daily Reading on the Financial Markets: 7/19/12
Chris Kimble notes that investment advisor sentiment is overwhelmingly bullish on bonds as the yield on 30 year Treasuries falls to long term support.
Washington’s Blog makes the case that TBTF financial institutions are criminal enterprises. Bases on their recent track record, it’s tough to argue.
Relatedly, John Aziz points out a story that illustrates a sad truth of our time, only poor thieves go to jail.