Daily Reading on the Financial Markets: 4/12/13

An outstanding article from Charles Hugh Smith on the corrosive effects of eroding trust and deliberate manipulation that are currently rampant in American markets, and culture.

Former regional Fed President and FDIC Vice-Chairman Thomas Hoenig explains how the idea of Basel Capital standards is a “well-intentioned illusion.”

One of the most ardent and consistent Bears over recent years, David Rosenburg, cries ‘uncle’… Ben under the flood of Fed liquidity.  In the same clip, Sam Zell calls the current market environment reminiscent of the housing market in 2006.

Advertisements