Morning Reading – Monday, March 21, 2011

FT Alphaville: Tokyo: A view from the ground, Part II

Further to our earlier ‘view from the ground’ in Tokyo, here’s an update of the situation on Sunday night…

London Banker: Solution for Fukushima Cooling Pools

I dithered long enough about putting this idea out there. It can’t do any harm, and I think it might work. I’ve asked a friend who used to work at the Uranium Institute in London, and he thinks it might work too, so here goes.

London Banker: “You can’t build a car with 97% of the parts”

The title statement summarises the challenge for the global manufacturing sector with Japan’s industry and logistics disrupted for an unknown span of time.

FT BeyondBRICs: El-Erian (1): world near tipping point?

Mohamed El-Erian, chief executive of Pimco, one of the world’s biggest money managers, has taken questions from beyondbrics readers on the challenges facing investors in emerging markets and elsewhere as the world lurches from crisis to crisis. He fields some piercing questions – and raises some worrying doubts of his own.

FT Alphaville: China’s missing M2

Have you seen China’s missing M2 monetary measure?

The thing seems to have gone missing, at least in its old form, from its past two iterations. According to the latest data from the People’s Bank of China, M2 growth slowed to 17.2 per cent in January and 15.7 per cent in February, year-on-year.

FT Alphaville: Watching Japan’s return from Oz

The repatriation effect on the yen is being closely watched by analysts all over the world following the Tohoku temblor and subsequent Bank of Japan intervention.

The Big Picture: Risk On/Risk Off Trade Returns

“We are just plagued today with the lack of long-term trends, and it’s because of people reacting to the issues of the day. You get long-term investors trying to anticipate what hedge funds are going to do—and not do— so they don’t get caught on the train tracks.”

-Jim Sarni, managing principal, Payden & Rygel.

Harvey Organ’s Daily: Crisis in Japan Deepens/G7 comes to financial rescue with Japan

Thus, the total number of notices remain at 978 for a total of 4,890,000 oz of silver.To obtain what is left to be served, I take the OI at 893 and subtract out Friday’s deliveries at zero which leaves me with 893 notices left to be served or 4,465,000 oz.

Association for Psychological Science: Are the Wealthiest Countries the Smartest Countries?

It’s not just how free the market is. Some economists are looking at another factor that determines how much a country’s economy flourishes: how smart its people are. For a study published in an upcoming issue of Psychological Science, a journal of the Association for Psychological Science, researchers analyzed test scores from 90 countries and found that the intelligence of the people, particularly the smartest 5 percent, made a big contribution to the strength of their economies.

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