Hot Links: Preparing for a Storm

Stuff I’m Reading this Morning…

The New York Times Editorial Board weighs in on the Fed Chairman race.  (NYT)

Scott Sumner (Modern Monetary Theorist) crushes Peter Schiff (Austrian Economist, Amazing Investor) on Kudlow last night.  (BusinessInsider) and (TheMoneyIllusion)

Hopefully the Fed is closely monitoring Chipotle’s avocado costs…   (Bloomberg)

Ed Yardeni: “Once again, I can report that S&P 500 forward earnings rose to yet another record high of $118.26 per share last week.”  (DrEdsBlog)

Todd Sullivan: Nine charts that show the US economy is still strong.  (ValueWalk)

The Australian central bank is preparing for a storm. Money is being stuffed into every available kangaroo pouch on the continent for safekeeping while large banks are being croc-proofed.  (MoneyBeat)

The commodities sell-off shows no sign of abating.  (TheArmoTrader)

U.S. Federal Energy Regulatory Commission accuses JPMorgan of manipulating electricity prices in California and the Midwest. That ought to be good for at least another $50 billion in market cap added on. Bravo.  (Bloomberg)

How to pick an emerging market ETF.  (ETFdb)

Krugman: How did an inflation hawk sneak into Obama’s inner circle of advisors?  (NYT)

Why there are no fat people in Paris.  (TheAtlantic)

Time Well-Spent: Investing vs Trading  (AbnormalReturns)

This is so awesome – Hemmingway writes a letter to F Scott Fitzgerald describing his vision of heaven.  (BrainPickings)

Don’t miss The Takeaway, my daily linkfest for financial advisors (InvestmentNews)

REMINDER: Backstage Wall Street is now on Kindle!

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

Read this next.