Mr Sinquefield infers that the fault lies with the hidden costs that come from trading in the London markets.

ECONOMIST: Mutual suspicion | The

This infers a bad outcome for owners of cash and debt, a less bad outcome for owners of stocks, and a reasonable outcome for owners of real assets like property and commodities.

FORBES: Personal Capital Quarterly Review & Outlook

New and disturbing language in a prospectus covering six new SSgA ETFs infers that State Street is willing to pay up to a 0.25 percent 12b-1 fee to brokerage houses for marketing exposure.

FORBES: One ETF Firm Hints at 12b-1 Fees