A large, red panic-button sits beside this awkward, dramatic opener: "They say it’s always darkest before the dawn but in the financial world we seem to repeatedly go beyond ‘dark’ into pitch blackness when the periodic stumbles that are part and parcel of an ever-growing world come along." 

Grant Williams, a portfolio and strategy advisor to Vulpes Investment Management in Singapore, uses most of his word count putting end of days spin on the Libor scandal which he sums up quite coherently (with significant help from CNBC). The MSM articles reprinted at the bottom of the newsletter were well-selected and pertinent, and the audio elements were an interesting addition.

Download HMMM for July 8, 2012 here.

Tommy interviewed Grant Williams last February at Cambridge House.

bonus: Things That Make You Go Hmmmmmm by C + C Music Factory