Book notes: Greg Steinmetz’s The Richest Man Who Ever Lived: The Life and Times of Jacob Fugger is for anyone interested in economic history.  (Reading the Markets)

Quote of the Day

"Interest at zero is an emergency setting. Why do we still have a Fed policy designed for an economy that needed life-support? ...So don't think of it as rates going higher; think of it as moving to normal."

(Barry Ritholtz)

Chart of the Day

A graphical look at the decline in Pay TV subscriber growth.