Review: The Fix: How Bankers Lied, Cheated and Colluded to Rig the World’s Most Important Number by Liam Vaughan and Gavin Finch is a “riveting tale of illegal behavior.”  (Reading the Markets)

Quote of the Day

"There’s a great deal of literature about the “small cap premium.” Frankly, I’m pretty skeptical that it truly exists. Even if it does, it appears to be quite small and highly volatile. The data shows that small-caps have underperformed for several years at a time."

(Eddy Elfenbein)

Chart of the Day

Yikes. Small business hate online lenders, relatively speaking. (chart via FRBNY)