Quote of the day

“In the end laissez-faire capitalism is not the natural state of economics, any more than liberal democracies are the natural state of politics”  (The Psy- Fi Blog)

Markets

Energy and consumer discretionary continue to lead the market.  (Dragonfly Capital)

Why stocks are acting like commodities.  (Intelligent Investor)

Thanksgiving week odds.  (Trading the Odds)

Equity sentiment at week-end.  (The Technical Take)

Two ways to look at this week’s “hiccup” in the muni bond market.  (IndexUniverse)

How to play the new muni market.  (WSJ)

What is going on with Dr. Copper?  (MarketBeat)

An interview with Mr. Market.  (Crosshairs Trader)

Finance

It’s deja vu all over again.  Talk of a looming Internet start-up bubble.  (Dealbook)

The junk bond market is demanding more yield from private equity firms. (WSJ)

Neuberger Berman joins the rush to file for actively managed ETFs.  (IndexUniverse)

How fragmented markets make it easier for insider trading.  (Points and Figures)

Leading money mangers argue they are not “systemically important.”  (Dealbook)

Are student loans the next front in the consumer debt crisis?  (naked capitalism)

Economy

Inflation is still too low for comfort.  (NYTimes, chart, TRB)

Some geographical and economic clarifications.  (naked capitalism)

Doug Kass, “While the markets appear to be discounting smoother and self-sustaining growth ahead, I continue to see an uneven domestic economic recovery.”  (TheStreet)

Is the ECRI WLI and the equity market too correlated?  (Pragmatic Capitalism)

Education and the challenges of income inequality.  (Leigh Drogen)

The Irish are emigrating once again.  (NYTimes)

Should Ireland default and devalue?  (Felix Salmon)

Jeff Carter, “How do we educate American society to win in the future?” (Points and Figures also Leigh Drogen)

Rave reviews for All the Devils Are Here.  (Bronte Capital, NYTimes)

Just because

Why college football needs a playoff.  Conferences have become islands unto themselves.  (NYTimes)

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