Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list discusses SEC charges that advisors are mishandling client assets ........ and the last article is a review of Jeffrey Gundlach's return to bond investments.
- SEC warns investors that advisers could be mishandling assets (Mark Schoeff Jr, Investment News) Wow - 1/3 of investment firms have custody-related problems with client accounts.
- Banks Find More Wrongful Foreclosures Among Military Members (Jessica Silver-Greenberg and Ben Protess) Atrocious felonies!
- Crawl Space: Invasive Ant Armies Clash on U.S. Soil (Marissa Fessenden, Scientific American)
- Corporate Profits Are Eating the Economy (Derek Thompson, The Atlantic)
- The latest failed effort to blame the Community Reinvestment Act for Accounting Control Fraud (William K. Black, New Economic perspectives) Bill Black is a Global Economic Intersection contributor.
- Look at America’s grand strategy. Why do we believe this nonsense? (Fabius Maximus) Fabius Maximus has contributed to Global Economic Intersection.
- Top 10 Tax Cheats: the Big, the Bad & the Weird (Dan Berman, AdvisorOne, 05 March 2013)
- New Comet's Potential Mars Collision in 2014 Explained (Joe Rao, Scientific American, 05 March 2013)
- It’s All JP Morgan’s Fault (Melanie Rodier, Wall Street & Technology, 05 March 2013) Senate report due 15 March will say that the $6 billion loss at JPMorgan was not due to "The Whale" but to JPM executives' deceptive behavior.
- Exclusive: DoubleLine's Gundlach shifts gears, now buys U.S. bonds (Reuters, 04 March 2013) This is big news. Gundlach was strongly bullish on bonds until 2Q 2012, when he went into the strongly bearish camp. He reversed very near the low for 10-year interest (near 1.4%). He started buying again in February 2013 when the 10-year moved above 2%.