Below you will find the articles on economics, investing, and finance that we found most interesting for the week.
NB: ($) denotes subscription site.
Less inventory at big banks means the bond market needs to evolve.
Mohamed El-Erian says stop calling for QE4 wimpy investors! It would be nice to see the Fed normalize policy so they have some options if we get a true exogenous economic shock.
Tales from the oil patch: what borrowed money, the right connections, and a little luck can do when oil prices are strong. What happens when they aren’t?
Falling oil isn’t all bad. Consumers will get an instant “petroleum tax cut” as we head into the holidays.
A short primer on why Illinois is likely to go bankrupt at some point in the not-so-distant future. This kind of pension abuse is astounding.