Daily Reading on the Financial Markets: 9/18/12
Sober Look examines risk appetite, which appears to be at multi-year highs.
From Zero Hedge, Bob Janjuah on Central Bank surrender, desperation, and what it means.
Wolf Richter at Testosterone Pit on the demographic tsunami heading towards Japan.
From the Daily Beast, Paul Volker on all that’s wrong with banking and the Fed.
Charles Hughes at Of Two Minds makes my favorite case: encourage deflation!! Us savers are clearly in Uncle Ben’s doghouse.
One of my favorite charts, and a reminder that deflation was part of the norm before the Fed replaced money with debt: