Daily Reading on the Financial Markets: 8/24/12
Sober Look makes the case that cooler heads should prevail at the Fed, holding off on QE3.
Steve Kroft of 60 minutes on the lack of accountability and criminal prosecution following the Financial Crisis of 2008.
From WSJ, China’s unsold goods (both raw and finished) are starting to pile up.
Here’s a chart from Bloomberg showing the plummeting shipments of Iron Ore to China.
This graphic from NYT, showing how China is – quite simply – producing more than its sells these days: