The Nourel Roubini Halloween Facemask Inca Kola (hat tip Felix Salmon)
Government report: Data mining doesn’t work well CNet. As in, the anti-terrorist type, We could have told you that ages ago based on the experience of retailers.
As Colorado Heats Up, Water Supply Expected to Be at Risk, Says New Study PhysOrg
Pakistan facing bankruptcy Telegraph
The GOP Peddles Economic Snake Oil Thomas Frank, Wall Street Journal
Fiscal expansion? Not so fast Michael Pettis, China Financial Markets
Why JK Galbraith Got It Right Telegraph. On Dick Fuld and 1929.
Fed Watch: Only the Timing is in Doubt Tim Duy, Economist’s View
Skill-Based or Bubble-Based Wage Differentials? Mark Thoma, Economist’s View. Great question, but why is it being asked only now?
If Social Security Was a Private Corporation Then it Would Sue Tom Brokaw for Every Penny He Has Dean Baker
Why Federal Reserve Policy Is Failing Thomas Palley
Antidote du jour:
doc holiday 
Posts
YS:
I read Thoma comment. Read the war story at my 6 October 2008 post. Thoma says nothing my CPA buddy didn’t say decades aqo. Or for that matter, the mother of another friend of mine, I’ll call Big Al.
Big Al went to Rockefeller U, PhD and is now a professor at Harvard Medical School. In about 1982, Big Al’s mother asked me why Big Al’s sister’s friends, who were investment bankers (IB) were so well paid. Big Al’s sister was an associate at “NY Big Law” and only knew other “NY Big Law” associates and IBs. To make the story short, Big Al’s mother was appalled with the money the IB’s made given her opinion that the IB’s were not all that bright.
IB’s are well paid because they are the beneficiaries of Fed intervention to support their firms. They can always rely on the next bailout. Their business is gaming the system to the pessants’ detriment.