Models Show That Everything Will Be Fine

Nothing to see here.

Adjusting the model.

Worried about last month’s nightmare? You’ve probably got the wrong model.

“If your investment portfolio is well-aligned with your actual risk tolerance and the horizon over which you expect to spend the funds, do nothing,” he wrote. “Otherwise, use this moment as an opportunity to set it right. Whatever you’re going to do, do it. You may not get another opportunity.”

Stocks Fall to Cap Turbulent Month [WSJ]
Awful August Sends Advisors Back to Their Models [WSJ MoneyBeat blog]


The Anti-Greece Also Wants To Be The Anti-Argentina

Iceland is giving hedge funds a piece of its mind.

The Eurozone Is Ruining Everything

Here's the latest impressively awful bit of data to emerge from the economic wasteland at the heart of the world's economic slag-heap, Europe: Employment in the eurozone has dropped to a seven-year low.