Algonquin Toasts Its Famous Feline Wall Street Journal
A, B, C, 1, 2, 3 Lambert Strether
Historic Voter Volatility in This Year of Fear Wall Street Journal (hat tip Joe Costello)
Timebends: The Further Fruits of Revelation Chris Floyd
Identifying Psychopathic Fraudsters: These Men Know ‘Snakes in Suits’ Fraud Magazine (hat tip John M from Barry Ritholtz)
The Intelligent Universe maison neuve
Florida Law Firms Subpoenaed Over Foreclosure Filing Practices Office of the Attorney General of Florida
Elizabeth Warren, likely to head new consumer agency, provokes strong feelings Washington Post (hat tip reader Fred A). The length and sympathetic tone of this piece suggests Warren will get the nod.
Whitacre’s Resignation: Abdication or Ouster? Conglomerate
Does the Money Multiplier Exist? Ed Harrison. I grumbled about the Fed operating from the discredited loanable funds theory yesterday. Ed does a nice job of explaining and debunking it.
This Isn’t Funny Anymore Mark Thoma (hat tip reader John M)
Welcome to the World of the “New Normal”, UK Style Marshall Auerback, New Deal 2.0
Modern Portfolio Theory: Break free dude! AllAboutAlpha
Consensus Plays Catch Up to the Fall in Interest Rates BondSquawk (hat tip Abnormal Returns)
Paralysis at the Fed Paul Krugman, New York Times. Krugman only recently has taken to criticizing his former Princeton colleague.
MBIA Unit Asks Judge to Make Bankrupt Vallejo Use Fees for Debt Bloomberg. OK, I hate to be dense…so if muni bond insurance doesn’t pay out when a municipality BKs, what is it good for? (Yes, I know it was meant to be phony insurance for issuers to small to afford to be rated, but you aren’t supposed to make it obvious that it’s THIS phony…..)
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