Tech layoffs: The scorecard CNet (hat tip reader John)
Shiller: House Prices Still Way Too High Clusterstock
U.S. Consumers Driven Away From Drink Spending: Chart of Day Bloomberg (hat tip reader John). Gee, I am not part of this trend, although it would be better if I were.
US natural gas prices could hit $2/MMBtu this year: analyst Platts (hat tip reader Michael) $4 was not too long ago considered an uber bearish forecast.
The right way to create a good bank and a bad bank Financial Crisis and Reform (hat tip reader Paul). Clever, and I’ve only looked at this superficially, but I am suspicious of any arrangement where equity depends to a significant degree on cross shareholdings. That helped rationalize rampant overvaluation in Japan. I’ve also seen it create useless accounting within companies (Citi was a prime example) where double counting lead to the sum of profit center earnings (the internal business unit profit measure) being two or three time reported profits.
Antidote du jour: