Daily Reading on the Financial Markets: 8/5/12
From Zero Hedge, Mark Grant’s latest newsletter wonders whether good old fashioned math has been forgotten as the world appears to have forgotten there isn’t enough firepower in Europe to bail out Spain (not to mention Italy).
From Azizonomics, a recent case from England may provide a glimpe of our NSA-rich future in America may look like.
Barry Ritholtz at The Big Picture on the misnomer of a “near miss” – it’s really a “near hit.” The recent failure at Knight Trading shows the rising risk of having algos in the role of market makers.
Wolf Richter at Testosterone Pit comments on the escalation of extortion, as Mario Monti threatens the “dissolution of Europe.”