Juggling Dynamite

More on the real life harm stemming from the insistence to maintain the status quo ideology of a common currency in the Eurozone. I think the most helpful perspective on present conditions is not to think that the economy will collapse if the Eurozone disbands, but rather that the economy has already collapsed under the weight of reckless spending and debt. Admitting this is a failed model is the first step to true reform and finally a path to meaningful recovery. Here is a direct link.

Forget Facebook. Michael A. Gayed, chief investment strategist at Pension Partners LLC, talks about an alarming spread between junk bond prices (falling) and long treasury prices (rising). This spread typically leads equity markets and has previously served as a warning sign for stock investors. Here is a direct link.

Sen. Jeff Merkley, (D-OR), provides a preview of today’s hearing in Congress and discusses JPMorgan’s $2 billion trading blunder, and why he thinks banks used for loans should not be in the hedge fund business.

Here is the direct link.