Some things I’m reading this morning:

  • Just released jobless claims numbers unexpectedly rose–more reason for additional QE (CNBC)
  • Neil Barofsky, former TARP Inspector General, tries to explain why TARP was a failure but is constantly interrupted by CNBC commentators (CNBC); See also, a quick end to TARP means a smaller payoff for taxpayers (Dealbook)
  • Thomas Friedman handicaps odds of pre-election Israeli strike on Iran @ 50%. Look, this guy knows 1000x more than me about this topic, but I find it very difficult to believe that Israel will insert itself into U.S. politics with such action b/f Nov (Bloomberg)
  • An interview with Cullen Roche of Pragmatic Capitalism (MindfulMoney)
  • Jeffrey Gundlach says to buy China & sell U.S.–as an aside, I’m Gundlach’s biggest fan when it comes to bonds, but when it comes to stocks…he’s also the guy who’s been advocating shorting Apple (BusinessInsider); See also, China’s Flash PMI hit the tape last night & the results were not good (MacroMonitor)
  • PayPal moves aggressively into stores with a partnership with Discover Card (LAT)
  • How Rihanna upended Oprah’s standard redemption narrative (TheNewRepublic)
  • Top high school basketball recruit collapses in court after receiving 3-year sentence (YahooSports)