CNBC - What traders have in common with baboons. I disagree with the conclusions; but, the examples are wonderful. Traders are arrogant and people who steal from their clients really believe they are better than the rest of us.
CNBC - Some big investors take breather in rental market. The real story here is that the financial people are taking over the housing market and renting will be on the increase.
Reuters - Analysis: U.S. banks get ready for the day when deposits shrink. This is definitely worth a read, I like where the banker says that they don't need deposits, think about that.
Yahoo - Daily Ticker - The Road to Prosperity: How to Fix the Stubborn Slump in Advanced Economies. The video and article are about how we have an over supply of labor compared to our needs and that the government should hire people to fix our infrastructure.
Reuters - U.S. Treasury, Fed planning for possible default - source.
Yahoo - The Telegraph - Bond investors face 'untold damage' when interest rates rise. Could this be why JP Morgan was selling off it's bonds?
zero hedge - JP Morgan Money Market Funds Join Fidelity, Sell Bills "In Light Of Possible U.S. Government Default"
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