Don Fishback, “It appears as though VXX is yet another in a long line poor performing ETFs that are based on futures products.”  (Don Fishback)

Eddy Elfenbein, “There’s a lot wrong with EMH, but I don’t think we can hang our current mess on it.”  (Crossing Wall Street)

For the past 25 years gold has not been a good predictor of inflation.  (Liscio Report)

Brett Arends, “But here’s the secret of TIPS: You don’t buy them because you know where inflation is headed. You buy them so you don’t have to care.”  (ROI)

The new Jefferies TR/J CRB Global Agriculture Equity Index Fund (CRBA) aims to compete against the popular Market Vectors – Agribusiness ETF (MOO).  (IndexUniverse)

Matrix pricing, stale prices and the bond ETF dilemma.  (Morningstar)

Is it time to take another look at ETNs?  (IndexUniverse)

System trading distinguishes itself from other forms of trading in that it has a high threshold for capital allocations. Feelings, notions, guru tips and gut instinct are not sufficient for the system trader.”  (Milk Trader)

We have all placed “idiot trades.”  (TraderFeed)

The petrodollar recycling machine is humming again.  (Gregor Macdonald)

Ironically dark pools of liquidity are the antidote to high frequency trading.  (Kid Dynamite, ibid)

Todd Harrison, “Remember, in the eyes of both the government and Main Street, hedge funds are an acceptable casualty of war.”  (Minyanville)

We need some better options than simply bailing out GMAC (again).  (Clusterstock, Baseline Scenario, Fund My Mutual Fund, Rolfe Winkler, Atlantic Business)

Why again did the Feds pay off AIG (AIG) swap counterparties in whole?  (Clusterstock, Washington Post, Atlantic Business, Epicurean Dealmaker)

Norway is the third country to raise their benchmark lending rate.  (Credit Writedowns)

Demand for temp staffing is on the rise.  (The Money Game)

The Treasury is right to try and extend government debt maturities.  (Rolfe Winkler)

Apparently the first-time home buyer tax credit is good politics.  (Calculated Risk)

Steve Randy Waldman, “The great moderation made aggregate GDP and employment numbers look good, and central bankers sincerely believed they were doing a good job. They were wrong.”  (Interfluidity also Free exchange)

Have “elite universities” actually become a better deal over time?  (The Stash)

CNBC ratings year over year are not pretty.  (Zero Hedge also Daily Options Report, Davian Letter)

A nice interview with and profile of the Greenbackd Blog.  (Simoleon Sense)

The first few chapters from the new book from William Bernstein’s The Investor’s Manifesto are online.  (Efficient Frontier via World Beta)

David St. Hubbins, Bush & Obama, Wal-Mart (WMT) and why context matters when consuming media.  (Abnormal Returns)

How the New York Yankees are like Microsoft (MSFT).  (An Entirely Other Day via Kottke)

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