I seem to saying this more often, but I'm not going to be posting much this week because of work. Here are a couple of bits that are worth a read:
Will Hutton on Robert Shiller.
Nigel on public sector pensions.
Meanwhile this bit on the Grauniad's markets blog got me thinking. In a sense shouldn't we be worried that the FTSE100 had its best ever week? If you look at what it's been doing lately you see that it's up and down a few % each day. That confirms the idea that market volatility sort of bunches together, for whatever reason. One big uptick on its own really doesn't tell us much more than that we are in a period of intense volatility, surely?