Monday Morning Links
MUST READS
How the Fed Saved the Economy – Bernanke, WSJ
Bernanke wanted Wall Street’s worst in jail – CNN/Money
Lashed To The Zero Bound – The Fed’s Ship Of Fools – Contra Corner
Fed’s Dudley: U.S. lacks bubble-fighting tools – MarketWatch
Policy Makers Skeptical on Preventing Financial Crisis – NY Times
U.S. system designed to prevent financial crisis ‘likely to fail’ – MarketWatch
Michael Hudson on Parasitic Financial Capitalism – Naked Capitalism
Ending Gun Violence: Common Sense Versus Magic – reason.com
Why the House speaker’s race just got nasty – CNN
Biden previews battle against Clinton – Politico
A Growing Risk of Recession – Hussman Funds
Party Crashing – Credit Bubble Bulletin
MARKETS/INVESTING
What to Watch in the Stock Market This Week – Motley Fool
Supply, demand and the price of oil – Econbrowser
Saudi Arabia cuts oil prices amid OPEC price war – MarketWatch
Two faces of October: Crash-prone but ‘bear killer’ – USA Today
U.S. hedge funds brace for worst year since financial crisis – Reuters
Grexit and China fears drain investor confidence – FT
Central Banks Lose Bond-Market Credibility – Bloomberg
Gundlach: “People Are Holding And Hoping”LE – Zero Hedge
Gold slips on higher shares, soft U.S. jobs data curbs decline – Reuters
Precious metals could be bottoming – Peter Brandt
ECONOMY/WORLD/HOUSING/BANKING
Who likes lackluster economic growth? The rich. – The Week
Dollar’s Surge Weighs Down United States’ Economy – NY Times
China Weighs on East Asia as World Bank Cuts Outlooks – Bloomberg
Slow wage growth keeps pressure on BOJ for more stimulus – Straits Times
U.K. Services Downturn May Keep BOE Cautious on Interest Rates – Bloomberg
Sweden’s liberal image is a mirage that hides a very ugly problem – Quartz
Portugal’s Ruling Coalition Defeats Socialists in Election – Bloomberg
Housing Boom, Schooling Bust – The Atlantic
Fed’s lifotff: a shift in sentiment – Sober Look
Why NIRP may trump QE4 – Bawerk