Bondholders Left in the Dark – By Ianthe Jeanne Dugan, The Wall Street Journal
This is a major problem and one reason investors should think long and hard before diving into the municipal bond sector. Opaque markets are prone to panics.
The Great Misallocators – Review & Outlook, The Wall Street Journal
Sounds to me like we may be sowing the seeds for higher structural unemployment.
Merrill Traded on Client Data: SEC – By Jean Eaglesham, Dan Fitzpatrick And Randall Smith, The Wall Street Journal
This shouldn’t come as a surprise. If Wall Street is admitting to trading on client information, it’s betting odds that they were also front running customers.
Turning savers into buyers still a big challenge in China – By Mitch Moxley, The Globe and Mail