peHUB First Read

Cofee* 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”

* At big buyout shops, the young shall inherit the blame.

* Nearly half of all European private equity deals this year have been bolt-on acquisitions for existing portfolio companies.

* Startup weekend Boston: 9 new ventures in 48 hours

* Got a PE deal to push through? Send in the ex-regulators (IDD sub required)