Book review: Lehman Brothers: A Crisis of Value by Oonagh McDonald has “many merits.”  (FT)

Quote of the Day

"Thus, investors desperate for higher interest rates should not be looking to the Fed for salvation; rather, they should be hoping that perceptions of future economic growth become more stable and sure."

(Wes Gray)

Chart of the Day

Goldman Sachs ($GS) says sell gold.

(thereformedbroker.com)