Daily Reading on the Financial Markets: 8/29/12
James Kostohryz at Seeking Alpha on the seeds of financial ruin planted – and nurtured – by the Fed (ZIRP, Bernanke put, etc).
The Technical Take looks at a “real-time” recession indicator, and suggests QE3 will have to be gargantuan to have an economic impact.
Along the same lines, Chris Street of StreetTalkLive makes the case that the QE3 mechanism is broken.
Howard Davies on the ongoing failings of the field of Economics in the wake of 2008’s meltdown.
Joel Bowman at the Daily Reckoning recalls Leo Tostoy, railing against Statism and embracing altruistic anarchism.