Daily Reading on the Financial Markets: 12/6/12
Wolf Richter at Testosterone Pit in the perverse Wall Street mentality that celebrates job cuts in the name of a few additional dollars of profit. I couldn’t agree with him more heartily.
Max Fisher at the Washington Post points out that the Cyprus bank bailout will be the 2nd largest in the entire world since 1970. That’s saying something, given the last 5 years.
Doug Casey at the Daily Reckoning reminds us Americans that we are not as free as we like to imagine ourselves to be.
Zero Hedge looks at the history of Japanese equities (and their relation to JGB’s) to forecast the future for U.S. equities. What kind of boost did those depressed interest rates provide the Nikkei over the last 20 years?