The Federal Open Market Committee’s notes from their November 1 meeting caused a stir on Wall Street yesterday. macroblog and the Big Picture both have interesting takes on the report. has a article on the difficulty smaller firms are having in introducing new exchange-traded funds to the marketplace. Well-established firms like Barclays Global Investors and State Street Global Advisors dominate the marketplace and have some advantages when it comes to speed to market. Upstarts are at a legal disadvantage and need to be more creative in the design and marketing of their ETFs.

It’s not often that you get a lesson in behavioral economics and politics. However Holman W. Jenkins Jr. in the Wall Street Journal introduces the concept of “availability cascadeâ€? in regards to the recent political furor over oil company profits. Worth a look for those interested in the intersection of psychology, politics and the markets.

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Blogging will be limited the rest of the week. We hope you and your family have a happy and healthy Thanksgiving.