Take your housing market “insights” and GTFO.
Hot Links: Frontier Markets FTW
Your morning financial links, expertly curated.
The European Vice
But as the budget-cutting pain of reduced government benefits and social services brings protesters to the streets and drives support for nationalist or far-left parties, it is not clear what the economic alternative might be.
South Carolina is the China of America
“Seventy percent said sourcing in China is more costly than it looks on paper.”
Remember When Money Market Funds Were an Actual Business?
Chart.
Bravest Man in the World: Bobby Womack Returns
Video.
Only a 312 times return?
Two years ago we invested $250,000 in Instagram…
Throwback: Chief Rocka (1993)
Video.
Jeremy Grantham on Herding, Excess Volatility
This quarter’s letter from GMO’s Jeremy Grantham doesn’t disappoint – I particularly liked the weighty, truthiness of his intro:
Flash PMIs Bash the Open
Ugh.