Links New Year’s Eve

Wall St. Way: Smart People Seeking Dumb Money Eric Dash, New York Times

The Thinkers: Playing fair, even when it hurts in the pocketbook Pittsburgh Post-Gazette (hat tip Mark Thoma)

Top economist says America could plunge into recession The Times, “Robert Shiller, Professor of Economics at Yale University, predicted that there was a very real possibility that the US would be plunged into a Japan-style slump, with house prices declining for years.”

ATA: Top Ten (Bogus) Air Traveler Issues for 2008 Paul Kedrowsky. Your tax dollars at work.

More On Nature And Nurture Among Thoroughbreds The Stalwart

Five great holiday-week activities that don’t cost a lot MarketWatch. Another recession indicator.

Does the China investment corporation (CIC) have a coherent investment strategy? Brad Setser

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