Sporadic links
Due to the nice weather, I cannot guarantee weekly links at the moment…..
The interesting case of EBIX, a US software company with potential fraud allegations
One of the early Chinese reverse merger frauds, China Medical Express is now sued by the SEC
And an interesting case of a beef/cow Ponzi scheme in Japan
Paul Krugman gets it wrong on Apple. Noone is forced to buy Iphones at high prices.
Why Bernanke is the wizard of Oz (Damodaran)
EDIT: Don’t miss this speech of value legend Michael Price
value and opportunity 
The government spending is what John Hussman also has pointed out: It won’t be able to maintain that high spending, and when it will be cut, corporate profits should decline. So even if tax loopholes and the low interest rates remain for a long time, the high profit margins won’t be persistent.
#winter,
couldn’t agree more. This is one of the big issues.
mmi
Regarding Apple and Krugman: You could always argue like that – you are never forced to buy ANY product from any monopolist, so monopolies would never be a problem. (You probably meant that Apple does not have a real monopoly in cell phones, like Microsoft has/had in operating systems, because there are several other suppliers with good smartphones, which you can buy without any disadvantage, to which I would agree). Nevertheless, Krugman is right that the profits in the US are at an extraordinary high level, more than ever before. Supposedly, a efficient market with functioning competition would bring these profits down, at least by half.
#winter,
yes, I meant that Apple is not comparable with Standard Oil or Cable companies. People buy the iphone / Ipda because tehy want to buy it. Clearly, Apple’s profits are also a result of not paying taxes.
Overall, the high percentage of profits of companies is in my opnion a function of: Tax loopholes, low interest rates, Emerging market profits and high government spending. But maybe this would be worth a seperate post….