I’m not back from holidays yet, but during breakfast this morning I put together a summer edition of my weekly Weekend Reading column for TheStreet.com. Here is a sneak peek at some of the links:
- Optimists buy iPhones, while pessimists hoard gold (Bloomberg)
- The Big Mac Index shows major overvaluation for British pound and Norwegian Krone (Economist.com)
- The global economy is at the point of maximum danger (Telegraph)
- Bill Poole: First We Save Fannie Mae and Freddie Mac, Then We Destroy Them (NYTimes)
- Brazil’s economic boom creates bull-market millionaires (Globe & Mail)
- Detailed look at likelihood of U.S. defaulting (Part 1 / Part 2)
- U.S. housing 20% over-valued in key markets (IMF)
- Short-selling rules causing 70%-plus drop in financials short-selling (S3)
And one more fun figure (via the U.S. EIA):
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