Merrill Lynch Says U.S. In Recession Boom2Bust
Japan Ghosts of Bubbles Past Haunt U.S. in 2008: William Pesek Bloomberg (hat tip Financial Armageddon)
Fitch: CMBS Worries Overstated Housing Wire. This is a very interesting bit of information, since Fitch was early to sound the alert about commercial real estate (back in April 2007, to be precise). The post is very much worth reading, but the basic observation is that the loss assumptions implicit in the CMBX indices are excessive.
View of the Day: Why the dollar will (eventually) rally FT Alphaville