So here is an issue a lot of us have been kvetching about for a long time. Bloomberg has this today on the vast unknown of how all the thousands of municipal pension funds in Pennsylvania spend to administer their pension plans: Pennsylvania Pays Pension Penalty as Bond Costs Climb. It may be the . . . → Read More: 29 is the new zero
The N.Y. Times (the New York freaking Times!) defends the big banks:
BANKS aren’t always popular even in the best of times, but the anger of recent years is unprecedented. The anger, while understandable, has fueled the misguided idea that we should break up the nation’s largest banks. The argument is simple and sound-bite . . . → Read More: Try This On For Size
At 10:30 AM Eastern time, the Dallas Fed Manufacturing Index for August will be released. The consensus is that the index will be at -6, which would be an increase of 7.2 points from the previous month.