The Financialist: ‘Bond investors beware’

22nd August 2012

Quote of the day

Barry Ritholtz, "Steve Kroft seems to think the collapse of Lehman Brothers was a trigger, and had it not fallen, we would not have had a financial crisis. That's simply wrong. No, it was not the cause of the crisis – it was merely one of the first trailer homes in the park to get blown away by the tornado." (The Big Picture)

Chart of the day

 

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Research by UBS suggests that the euro has benefited Europe's periphery to the detriment of its core. (New Statesman)

Markets

What UK stock factors to watch out for on Wednesday August 22. (Reuters)

Bond investors beware: Over the course of the next month, a number of events may disturb the peace in the bond market. (Morningstar)

Intriguingly, the P/Es of two of the largest FTSE companies are below their industry averages. But this lack of love justified? (Motley Fool)

 

Economy

BoE academics say there's a link between the size of a bank and the likelihood of it being bailed out in a crisis. (FT Alphaville)

Will the creation of "mini-jobs", which allow people to take on work without paying tax or national insurance, help ease UK unemployment? (Current Account)

The only deficit reduction strategies that work are those targeted at reducing net saving in the private sector. (Stumbling and Mumbling)

UK firms join a long list of those criticising the government's "ineffective" policies. (This is Money)

 

U.S.

FiveBooks interview with Robert Barro on the lessons of the Great Depression. (The Browser)

A look at six of the most daunting financial issues facing the economy. (Time)

Ben Casselman, "The recovery has been more like a merry-go-round: plenty of ups and downs, but it never really goes anywhere." (Real Time Economics)

 

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