Here are a bunch of links that I think merit reading today. Lots on Facebook. Note the links on Tesla. They were downgraded. The bonds have been selling off in recent months. As I wrote on Twitter yesterday before the Tesla downgrade, bonds lead equities in worries about financial distress.
Use Fiscal Policy, Not the Fed, to Fight the Next Recession - Bloomberg
New Jersey Police and Firefighters Aggravate Pensions Mess - Bloomberg
Consumer spending lags confidence
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.