Daily Reading on the Financial Markets: 9/21/12
Charles Hugh Smith illustrates the obvious (the fact is obvious, though the illustration is far less so): that the Fed isn’t trying to rehabilitate housing; it’s trying to save banks assets and balance sheets.
Jeff Harding at the Daily Capitalist on the importance of economic freedom, and the U.S.’s slide in a couple of surveys on the matter.
Cam Hui calls the dispute between Japan and China “a tempest in a teapot” and believes once resolved global risk assets will resume their churn higher.
Azizonomics on the start of Congressional hearings about High Frequency Trading, though the fact that the committee is chaired by Jack Reed (D) whose largest contributors are banks might have a slight conflict of interest. Slight.
In case you thought humans were pushing the indexes higher: