Weekend Reading – Stuff we found interesting this week

Welcome to our weekly roundup of the stuff we read that was interesting to us and hopefully to you.

This is my favourite for the week from the Buttonwood column in the Economist. It talks about why the transmission mechanism between observed economic growth rates are not the best indicator for equity market returns. We believe that “investment fundamentals’ are very important in making market decisions so we are on board. Worth a read, The economy is not the stock market, or the currency market or investment markets generally.
 
I’ve only just stumbled across Nathan lewis on Forbes but he has some interesting articles. In this one he looks at the flat earthers and gold-bugs who reckon we should do away with our fiat money and go back to the gold standard. But if that was a panacea we’d already be on it right? Yeah right. 
 
 We think caution in markets is warranted at the moment here is Jeremy Grantham’s may letter. I’ve been informed this link might not work so here is a link to the GMO website and just look for this text “To read Part 2 of Jeremy Grantham’s 1Q 2011 letter, please click the title.”
  
Our colleague, the Prince, over at MacroBusiness has taken on the enormous task of trying to increase the level of understanding of all things super given his experience in the Finanical Planning and Funds Management industry. Here is the link and we’ll post his updates each week. 
 
Why does Europe think they own the IMF? Saul Eslake reckons ex-RBA Governor Macfarlane should get a crack at DSK’s old job. If not Macfarlane then someone from this part of the world should be given the job. Asia is gaining primacy in the global economy its time the G8 realised that. 
 

And of course the FT’s week in review

Have a great weekend

Greg McKenna

greg@lighthousesecurities.com.au

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  1. Market Wrap – Bears on the retreat | Lighthouse Securities - May 28, 2011

    […] Another thing I’d suggest is to have a look at Jeremy Grantham’s newsletter from this month that we linked in weekend reads. […]

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