Ritholtz's Reads: Market Corrections and Austerity Zombies

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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The correction continues apace, as equities are now down between 5 percent and 10 percent. But that's not the only thing going on, as you can tell from our morning reads:

• What Are the Odds We're Heading For Another Crash? (Wealth of Common Sense) see also The 10 Ways Market Corrections Appear on Twitter (TRB)
• Europe's Austerity Zombies (Project Syndicate)
• Retailers See Winds Filling Holiday Sales (WSJ) but see Household Finances May Curb Holiday Spending (NYT)
• Skills That Separate You as an Investment Manager: Discernment (CFA Institute)
• Nobel Prize in Economics Q&A: Why Jean Tirole? (Real Time Economics) see also The Nobel Economist Knew About "Too Big to Fail" 10 Years Before the Rest of Us (Slate) see also
• Secret Tool For Today's Financial Advisors (ETF.com)
• Drowning in Jam: How to Conquer "Decision Fatigue" (Slate)
• More efficient cars are putting a Hummer-sized dent in gas consumption (WonkBlog)
• Deadly Force, in Black and White: A ProPublica analysis of killings by police shows outsize risk for young black males (ProPublica)
• 19 Inconceivable Facts About The Making Of "The Princess Bride" (BuzzFeed)

What are you reading?

Gold Rises As Worries About World Economy Spur Safety Buying

This column does not necessarily reflect the opinion of Bloomberg View's editorial board or Bloomberg LP, its owners and investors.

To contact the author on this story:
Barry L Ritholtz at britholtz3@bloomberg.net