E.S. Browning at WSJ.com on why we (that means you!) spend too much time thinking about the Fed.

Yves Smith at naked capitalism on why the above story is too little, too late.

John P. Hussman at Hussman Funds writes “The Fed provides coordination, but it is a mistake to think it has power.

Econocator gets a gold star today for rounding-up reviews of Alan Greenspan‘s memoirs, The Age of Turbulence.

Barry Ritholtz at the Big Picture on the Fed and the fact that “..inflation remains “sticky” — even as the economy cools.”

Exactly half of responding bloggers are bullish in the Ticker Sense Blogger Sentiment Poll.

FT Alphaville with the bull and the bear case.

“Something has gone badly awry.” with Goldman Sach’s Global Alpha fund. (DealBook)

James Picerno at the Capital Spectator on the perils of forecasting and the timless fact that “Risk is guaranteed for investors. Return is not.”

Christine Benz at Morningstar.com with some “new funds we would like to see.”

Competition coming to the private equity ETF space. (InvestmentNews.com)

Eleanor Laise at WSJ.com writes “Mutual funds are required to price their holdings at least once a day. But there can be considerable wiggle room.”

Mebane Faber and his momentum-based tactical asset allocation strategy gets profiled in Wealth Manager.

Adam Warner at the Daily Options Report on fat options prices with some time left in them.

Jeff Miller at A Dash of Insight on avoiding the confirmation bias and the importance of choosing what to read.

All About Alpha on why it is not a good time to be a traditional money manager.

Greg Newton at NakedShorts on with a good example of why fund managers should not tempt the “market gods.”

Heather Bell at IndexUniverse.com takes an inside look at the indexing business via Morgan Stanley’s soon-to-be public MSCI Barra unit.

Muni bonds are still cheap relative to treasuries. (InvestmentNews.com)

Speaking of muni funds, Rudy Aguilera at IndexUniverse.com prepared an in-depth analysis of the two muni ETFs that are now trading.

Dana Cimilluca at Deal Journal on the “half full glass” for MBA granting institutions.

James Surowiecki at NewYorker.com on cheap knockoffs and the “piracy paradox.”

Arrgh! Stephen J. Dubner at Freakonomics on the economics of piracy (the eypatch and parrot kind).

Felix Salmon at Market Movers on the limits of empiricism.

It’s Monday during the NFL season. Peter King at SI.com has his Monday Morning QB blog-like column up.

Are the Cubs worth more broken up? TribCo and MLB disagree. (chicagotribune.com)

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