peHUB First Read

* Paul Kedrosky: Contrarianism is the new consensus * Kristi Oloffson: Is a college degree worth less in today's market? * Paul Volcker's favorite financial innovation on the past 25 years? The ATM. * eBay email directives: Feign surprise if Craigslist execs react negatively to eBay plans to launch a competing classifieds site. How come? Because eBay sits on the Craigslist board. * Morning Call: U.S. futures point higher, London rises early, European shares pare losses, the Nikkei falls on debt concerns and China shares drop on banks. * Treasury suspends TCW's $1 billion toxic asset fund, following the ouster of TCW chief investment officer Jeffrey Gundlach.* Arguing against the idea of a "transaction tax" * Nearly half of all European private equity deals this year have been bolt-on acquisitions for existing portfolio companies.