Dead Parrot sketch is 1,600 years old Telegraph
Toxic Cloud Masks Warming Effects Wall Street Journal (hat tip reader Don)
Let’s Have Another Cup of Coffee Michael Kinsley, New York Times
House price recovery ‘could take ten years’ Times Online
In a Down Economy, Spam Sales Are Up New York Times
I’m Sorry, I Haven’t a Clue Macro Man
Can Smoot-Hawley return in a wholly different guise? Michael Pettis (hat tip reader mft). Note this picks up on an idea we sighted earlier and was generally pooh-poohed, that China would engineer a slightly weaker RMB to try to preserve its export markets. The head of the PBoC is now saying that could happen (and indeed, the RMB has been falling since July 1).
Saudi Arabia Spends $3.5 Billion to Buy Gold in the Past Two Weeks Jesse’s Café Américain
Four insurers hope to buy thrifts, access TARP Calculated Risk. This is disgusting, but I already have plenty to rant about, and others seem to have picked up on this travesty.
Citigroup, Whachovia, Sheila Bair and a post I didn’t make… John Hempton (hat tip reader Jeffrey). A bland title for an explosive post.
Letter from Iceland Financial Times. A must read.
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