Barron’s points to an interesting paper that documents outperformance by companies with higher debt levels compared to their peers.

James Altucher at has his own take on potential 2007 surprises.

Andrew Ross Sorkin in the New York Times on why shareholders should decry investment banking year-end bonuses.

Ianthe Jeanne Dugan and Anita Rhaghavan in the Wall Street Journal on how hedge funds have changed the “world of wealth.”

Mark Hulbert in the New York Times on the worrisome signal that is the flood of mergers and acquisitions.

Brett Steenbarger at TraderFeed on how the S&P 500 is “…an amalgam of two different trading markets.”

Barry Ritholtz at the Big Picture points to an interesting article on the history of indexing.

Tyler Cowen at Marginal Revolution points to a paper on the political dimension of inflation.

Eduardo Porter in the New York Times on the tenuous link between spending and health care outcomes.

Om Malik at GigaOm on the prospects for a “Google Phone.”

This idea of a “gift-free” holiday sounds better every year. (via New York Times)

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