Market call: Futures set to slip at open. European stocks are mixed and Asia ended the session higher. Gold futures backed off a new intraday record at $1,398.50. Even so, there’s nothing on the horizon to upset markets, and tech stocks are stars again.
Economic debates: Friedman casts a shadow as economists debate QE2. Forget the New Normal. The Federal Reserve’s Kevin Warsh has some ideas about how to end the New Malaise. Robert Zoellick explains what a “modified gold standard” might look like. It’s not Buffett’s 67-foot cube of metal. .
In other news, banks are going to fight the mortgage mess, and it’s not going to be cheap. A handy bonus breakdown. AIG stages a bond market comeback. And taxpayers don’t want to fund ballpark construction
Green energy shrinks from view as cost of conventional power falls.
Finally… A Chilean miner finishes the NYC Marathon in 5 hours and 40 minutes.