News from around the web: 2009-10-24
- US Treasuries: "Risk free" for How Long? – Megan McArdle
This is the widely-believed default canard. Latin America nations defaulted because of foreign currency debt. Japan issue debt in their own currency. They cannot default. Hello?
- CRE Refinance Pressure to Continue for Months : HousingWire
Peak middle of net decade
- South-South Trade Tensions – Crisis Talk – The World Bank Group
China vs. South America. H/T Mark Thoma
- Soros says taxpayers right to resent bank bonuses | Reuters
- The White House’s election-year fratricide – washingtonpost.com
- The Time Has Come For Direct Job Creation – Randall Wray
I am not sure how I feel about this one. Definitely read it.
- China’s 8.9% Growth? No Way – Forbes.com
- FT.com – Mohammed El-Erian – The two-stage de-risking of banks
- Who cares if Wall Street ‘talent’ leaves? – Oct. 23, 2009
- Blame Game Starts in Virginia — Political Wire
White House to label Deeds a "weak candidate"
- The Best Free Twitter Apps for Android
Twidroid and Swift are top dogs
- Bernanke: Smaller Banks Not Necessarily the Answer for ‘Too Big to Fail’ Dilemma – Real Time Economics – WSJ
- The ‘Junk’ Parade Marches On – WSJ.com
High yield has had a stellar year
- Buttonwood: Squaring the circle | The Economist
Equities, bonds and gold all up double digits is rare
- Accidents Of History Created U.S. Health System : NPR
Great history of healthcare in America
- Matt Taibbi – Taibblog – Elizabeth Warren for President – True/Slant
- FT.com – Rally fuelled by cheap money brings a sense of foreboding
- Miller Says Odds May Not Favor El-Erian’s New Normal – Bloomberg.com
I’m more with El-Erian
- U.S. Risks Japan-Like ‘Lost Decade’ on Stimulus Exit, Koo Says – Bloomberg.com
“three to five years to get out of this mess, even under the best of circumstances.
Distraction of the Day: Miley Cyrus quits Twitter, Billy Dee and Jimmy Kimmel version (hilarious)