The Federal Reserve announced Wednesday a modest increase in its efforts to reduce borrowing costs for businesses and consumers by extending its existing “Operation Twist” asset-purchase program through the end of the year.

U.S. economic data continued to soften, especially at week’s end…

Have fun today.

Video.

And then there is my Party Indicator, an infallible tool for bubble detection and measurement.

Maneet Ahuja’s got an excerpt from her book The Alpha Masters live at the Huffington Post. It features Jim Chanos, he of the massive bet against China and related sectors here in the US.

Video.

“You go to a firm like Fidelity because you figure, hey, it’s Fidelity,” the guy says to me. “How could anything go wrong, they’re everywhere!”

“Greed is good, but good is better.”
– David Weidner

this is my first slideshow, it’s over at the Huffington Post