Here is what I am reading. JP Morgan chief reveals $2bn trading loss caused by ‘sloppiness’ (Guardian) India Takes Middle Road in Manila-Beijing Dispute (WSJ Blogs) After Weak Imports, Investors Say ‘China Down But Not Out’ (Forbes) Easy Useless Economics (The New York Times) Faber Sees ’87-Type Crash If U.S. Stocks Rise Without QE3 (Bloomberg)…

Here is what I am reading. Morning MarketBeat: Laundry List of Worries (WSJ Blogs) DOW and RUSSELL 2000 Test April lows — European Top 100 index breaks wedge trend line (StockCharts) How a Radical Greek Rescue Plan Fell Short (The Wall Street Journal) India Needs Course Correction to Lure Foreign Investment (Bloomberg) Foreign tourist arrival in India…

Here is what I am reading. Germany’s Attempt to Beat Greece into Submission Won’t Work (Next New Deal) Are the Germans actually trying to get Greece to leave the euro? If so, they are probably underestimating the turmoil that would cause. Paul Ryan and the second coming of Compassionate Conservatism (WonkBlog) Ryan is moving ahead…

Here is what I have been reading (and trying to decipher) today morning: German Patience With Greece on the Euro Wears Thin (The New York Times) India addresses concerns of foreign investors regarding General Anti-Avoidance Rules (GAAR) (The Economic Times) Greece fears put shares under pressure (Financial Times) Major correction unlikely (MarketWatch) Assessing Yet Another Round of the Structural…

Here is what I have been reading (and trying to understand) this morning: Private Jobs Increase More With Democrats in White House (Bloomberg) Long Term Secular Cycles on S&P (The Big Picture) Call On EFSF/ESM To Fund Bank Recapitalisation (ForexLive) Christine Lagarde urges indebted European countries to cut deficit slowly (The Sydney Morning Herald) Can…