Really High Maintenance New York Post. Divorce again reveals details of the lifestyles of the rich and famous.
Polaroid files for bankruptcy Financial Times
Foreign Investors Trade Safe for Safest Floyd Norris, New York Times. Norris picks up on a theme that Brad Setser was on to quite a while ago, that foreign investors are NOT impressed by the less than “full faith and credit” status of agency securities.
Federal Reserve is damned either way as it battles debt and deflation Ambrose Evans-Priechard, Telegraph
The age of obligation Niall Ferguson, Financial Times (hat tip reader Don). A must read.
Fed Watch: Zero, But Not Quite Quantitative Easing Tim Duy, Economist’s View. A second must read. Some important observations about what the Fed is trying to achieve.
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