Prieur’s readings (May 2, 2010)
This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy.
• Barry Ritholtz (The Big Picture): Macro overview – economy & markets, April 29, 2010.
The economic backdrop seems to be confusing quite a few people. Perhaps it’s the psychology of the moment. I keep hearing weak, data free analysis. Here is our seven point overview …
• Ben Steverman (BusinessWeek): Fixed-income pros fear “bond fund bubble”, April 30, 2010.
Seeking safety, inexperienced investors have poured record volumes of assets into bond funds. That’s risky – especially if interest rates rise. Good news for the economy could be very bad news for bond investors this year.
• Jonathan Weil (Bloomberg): Goldman death fight may explain Lloyd’s words, April 29, 2010.
If we are to take Lloyd Blankfein’s word for it, and that’s always a big if, then there must be a lot worse behavior by Goldman Sachs that has yet to be discovered, beyond what was publicly unearthed at this week’s Senate hearing.
• Charlie Savage (The New York Times – DealBook): Justice department said to open Goldman inquiry, April 29, 2010
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