Mindful Money’s blogs of the week – Friday 22nd July 2011

22nd July 2011

Reformed Broker:  ‘Action Bias [Video]'

Josh Brown, aka the "Reformed Broker" and Felix Salmon discussing action bias – the way in which advisors feel the need to do something just to make their clients think they're earning their keep.


Zero Hedge:  ‘Fed Preparing For US Default Says Plosser'

That giant whooshing, and humming, sound you hear are all the printers at the basement of Marriner Eccles getting refills and start the warm up process. Because according to the Fed Charles Plosser the Federal Reserve is actively preparing for the possibility that the United States could default. 


Naked Capitalism:  "Trade Imbalances Lead to Debt Imbalances" or Why Mercantilist Nations Shouldn't Beef About Their "Profligate" Customers'

Michael Pettis, a respected economist and commentator on China, provides an important contribution on the global imbalances theme. 


Big Picture: ‘20 Most Expensive Google Adsense Keywords'

Let's look at Google's top twenty keyword categories of highest costs per click via Wordstream.


Aleph:  ‘Rationality is Overrated'

Economists have a fixation on rationality. My answer to this is the people are limitedly rational.  


Truth Out:  ‘Six Ways to Liberate America From Wall Street Rule'

How is it that our nation is awash in money, but too broke to provide jobs and services? David Korten introduces a landmark new report, "How to Liberate America from Wall Street Rule."


Business News Daily: ‘Mind Your Business: Why Entrepreneurs Must Be Crazy'

On paper, becoming an entrepreneur seems like a fairly reasonable proposition. Raise some money, start a business, make a profit. You expect to hit a few bumps along the way, but the basic premise is that if you have a good idea, work hard and stick it out, you'll make it.

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