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The bigger immediate story for the market is the fiscal fight, which is getting almost no attention outside of the political press, but is looking kind of 2011ish.

Wall Street Not Talking Much About The Debt Ceiling

It still appears economic growth will pickup over the next few years. With a combination of growth in the key housing sector, a significant amount of household deleveraging behind us, the end of the drag from state and local government layoffs (four years of austerity mostly over), some loosening of household credit, and the Fed staying accommodative (even if the Fed starts to taper, the Fed will remain accommodative).

The Future Is Bright! – Business Insider

The global economy could be in the early stages of another crisis. Once again, the US Federal Reserve is in the eye of the storm.

Global QE Exit Crisis – Business Insider

The Netherlands has come top of a league table for child well-being across 21 industrialised countries.

BBC NEWS | Europe | Why are Dutch children so happy?

After trying to work out how big China’s bad debt problem might be, many people still turn round and point to the country’s mammoth foreign exchange reserves as its great get-out clause.

Why $3.4tn in foreign reserves is not China’s escape hatch | FT Alphaville

Has the Federal Reserve’s quantitative easing programme done more to damage emerging markets than to boost the US recovery?

EMs suffer the unintended consequences of QE – FT.com

The answer is what John Maynard Keynes proposed in the 1930s: an international reserve asset, rules for pricing national currencies against it, and penalties for countries that run a persistent surplus.

Central bankers have given up on fixing global finance – FT.com

The fact that rich people often think they’re better than poor people is one of those unspoken truths of society. We all know it happens, even if no one likes to admit it. Luckily, we’ve got the research to prove it.

The Link Between Narcissism And Wealth – Business Insider

In an email to Business Insider this morning, El-Erian forwarded his list of 8 major questions facing markets and the economy today.

EL-ERIAN: Here Are 8 Important Unanswered Questions – Business Insider

Google will again take a majority – 53% — of all mobile ad dollars this year, according to eMarketer

Google Share Of Mobile Ad Revenue – Business Insider

It started on Monday with the Palo Alto-based luxury electric sedan maker acing government crash tests for its Model S sedan. On Wednesday it announced it was taking pre-orders in China. On Thursday it announced the opening of its second manufacturing facility, this one in Tilburg, Netherlands. On Friday, Bloomberg reported that Telsa is beginning to deliver more than 300 cars to customers in Hong Kong ahead of its entry to the Mainland.

Five Ways Tesla Motors (TSLA) Could Reach 100,000 Unit Sales By 2016

Earlier this summer, the government’s bureaucrats revised—upwards!—their estimate of the size of the economy based in part on the value of ideas generated over time.

Is America Out of Ideas? – The Daily Beast

Vote me out of jail, or I will bring the country down with me. This, essentially, is the message Silvio Berlusconi—four-time prime minister, owner of the country’s three main commercial TV channels, criminal defendant many times over—has just sent to the Italian government

Holding Italy Hostage by Tim Parks | NYRblog | The New York Review of Books

“To be in the top 25 for eight consecutive years before you crash and burn the economy, it’s just unbelievable,” said Sarah Anderson, one of the report’s authors.

Fraud, failure and bankruptcy pay well for CEOs – Al Lewis – MarketWatch