Happy Thursday. Let's try to front run the news of the day.
As for the high-speed environment pervasive in trading today, if you don't like it, blame the regulators not the guys who are doing the trading. (Wall Street Journal)
Central bankers are worried that years of ultra-easy monetary policy are spurring a credit bubble in which investors are flocking to risky high-yielding securities. What would ever give them that impression. (Financial Times)
Credit seems to be all the rage these days, with UK regulators looking into whether customers are being treated fairly. (Telegraph)
Pimco's Bill Gross lets us know that he buys his cats at cat shows while musing about Sharpe Ratios, Markowitz portfolios and other things investors need to know in a world where reward comes with high risk. (Pimco.com)