Daily Reading on the Financial Markets: 8/22/12
Wolf Richter at Testosterone Pit on the rush of Euro hopium that has pushed the market to recent highs.
From Of Two Minds, an essay on ways the healthcare system can be made more efficient.
To the dismay of Fed doves, the NY Fed has released a paper suggesting no further QE is needed at this time, since Fed policy cannot effect the current “mismatch” of labor supply and demand.
From Visualizing Economics, while scare tactics are aplenty about what higher tax rates might mean, historically, we remain near the lowest rates in American history: