This stock collapse is petty when compared to the nature crunch George Monbiot, Guardian
Iceland appoints women to clean up ‘male mess’ FT Alphaville (hat tip reader Richard)
The Short View: Market bounce John Authers, Financial Times. No one is perfect, but Authers is awfully good in reading short-term, and sometimes longer-term trends. He called to the day the turn in the credit market, for instance. What is remarkable about this piece is the degree of his skepticism.
Nationalisation pushes debt to 100 per cent of GDP The Independent
We have successfully transformed credit risk into solvency risk Eurointelligence
‘Smart Money’ Stays on the Sides Wall Street Journal. The article discusses how some big name hedge funds have gone heavily into cash, but is hugely remiss in failing to mention that one reason for this move is to meet investor redemptions.
Antidote du jour. You get a bonus because I am in the mood. Please do not come to expect it. The first comes via reader Megan: