Ode To Capitalism

WSJ Markets

• Asia on Debt Binge as World Sobers Up
  Asia's emerging economies are piling on debt to fuel growth, in stark contrast to the scaling back of private debt in the U.S. and Europe.
• Regulatory Move Inhibits Bank Deals
  A move by regulators that put the biggest bank merger of 2012 on ice is sending a chill through midsize financial institutions.
• Rocky Start for Stocks' Circuit Breakers
  Rules to curb violent stock swings are getting praise from some. But their slow introduction couldn't stop American Electric Power's 54% slide.
• Lessons for Euro From Two Revolutions
  Europe overturned the convention of history when, unlike the U.S. or Germany before it, it created monetary union before political union. Now it is paying the price.