Review & Outlook

Our take on the investing, financial, & economic themes of the day

What We’re Reading: July 29

Quote of the Day:

“During the recent credit crunch, many suspected that the terms for the products involved were deliberately obscure: it was hard to take in the fact that C.D.S.s were on the verge of bringing down the entire global financial system when you’d never even heard of them until about two minutes before.”

–John Lanchester, in the New Yorker 

Daily links:

U.S. Stocks Open Higher (WSJ)

China’s Stock Market is Heating Up (Bloomberg)

Higher Wage Costs will Challenge U.S. Small Cap Stocks (FT Alphaville)

The Changing Structure of the VC Industry (Medium)

How Amazon’s Self Publishing Lets Novelists Make a Living (Business Insider)

The Rise of High-Tech Athletic Apparel (NY Times)

Darden Restaurants CEO Steps Down, Stock Rises 3% (DealBook)

Learning the Language of Finance (New Yorker)

Cognex (CGNX) Shares Explode on Record Earnings (MarketWatch)

Spirit Airlines (SAVE) Tops Earnings Estimates as Fares Rise (Fox Business)

Chart of the Day:

Source: Think Big blog