Monthly Archives: June 2008

Links 7/1/08

Drunken Swede tries to row home – from Denmark BBC Watermelon may have Viagra-effect PhysOrg. I am not making this up Lehman up after Morgan Stanley’s overweight rating Reuters. I am not making this up either (hat tip reader Dwight) U.S. Won’t Let Iran Shut Strait of Hormuz, Fleet Says Bloomberg. Am I missing something […]

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BIS Warns of Deepening Contraction (Not for the Fainthearted)

The newly-released annual report of the Bank of International Settlements sounds as if it is unusually lively reading. Most official documents strive for an anodyne tone, while this one appears to be unusually blunt. However, while some reporters have their hands on it, the report is not yet up on the BIS website, so those […]

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Links 6/30/08

Florida biologist saves drowning bear Telegraph Preparing the Battlefield Seymour Hersh, The New Yorker. This is a MUST read (hat tip reader Vijay). Inflation, oil help bears get firmer grip LiveMint. An update on the Indian stock market (hat tip reader Saboor) Hoarding Nations Drive Food Costs Ever Higher New York Times Currency Volatility Falls […]

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Larry Summers Sounds Alarm, Urges Aggressive Federal Intervention to Rescue Economy

Larry Summer’s latest comment at the Financial Times, “What we can do in this dangerous moment.” is troubling both for its analysis of our economic mess and its remedies. Start with his first paragraph: It is quite possible that we are now at the most dangerous moment since the American financial crisis began last August. […]

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Links 6/29/08

Passports for penguins PhysOrg Saudi Nukes Skeptical CPA Ben Stein Goes Wild at the NYT!!!!!!!!!!! Dean Baker Amerikaanse ’meltdown’ reden geldinjectie Fortis De Financiele Telegraaaf or a brief summary in English, Fortis predicts US financial meltdown within weeks (hat tip reader Saboor). Update: full translation courtesy an anonymous reader. Manners matter – especially for powerful […]

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Nouriel Roubini Warns of Another Broker-Dealer Run

Perhaps it’s merely the result of drafting in a bit more haste than usual, but the latest offering by Nouriel Roubini, “The delusional complacency that the “worst is behind us” is rapidly melting away…and the risk of another run against systemically important broker dealers,” is unusually heated in tone, to the point where it distracts […]

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Links 6/28/08

Treasury chief on ‘wombat leave’ BBC North Pole May Be Ice Free for First Time This Summer National Geographic. I’m going on a family trip to Alaska in August, and expect to be thoroughly depressed by the signs of global warming. Iran: The Threat Thomas Powers, New York Review of Books. A must read. Rogers […]

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