Things that caught our eye around the finance and business-related web. Think you’ve got something for tomorrow’s list? Email Lauren Mills or direct message us on Twitter @wsjthesource
The Money Game: Gold stopped being a hedge in 2009
Gold moves in sync with stocks…so doesn’t look like much of a hedge.
Credit Writedowns: Just what is the real level of government debt in Europe?
“…the murky story of just how the major US investment banks have been able to earn considerable sums of money effectively helping European governments to disguise their growing mountain of public debt.”
The Pragmatic Capitalist: Davidowitz: There is no recovery in the consumer
A dose of bearish reality from retail analyst Howard Davidowitz, via Bloomberg TV.
The Big Picture: Forecasting with a grain of salt
“If you go back and look at how the experts have fared when forecasting the pace of growth for any given quarter, let alone for the year ahead, their tea leaf reading skills have left a lot to be desired.”
TraderFeed: A look at investor sentiment in the bond market
Risk aversion now a feature of the bond market.
Felix Salmon: Financial reform in the senate
“…after decades of getting exactly what they want, I just can’t believe that the banking lobby is now going to end up getting exactly what they don’t want.”