Obama Backs Banks, Seeks to Block Fair-Lending Probe Bloomberg (hat tip reader John)
Fed needs to double balance sheet: PIMCO Reuters. So Pimco is now floating trial balloons?
Fed Watch: The Fed Understands Tim Duy, Economist’s View
The Debt to GDP Trajectory in Perspective Menzie Chinn, Econbrowser
Greenberg critical of AIG rescue tactics Financial Times
DBRS Accuses Fed Of Discriminating Against Small Rating Firms Wall Street Journal
Little Wiggle Room for China’s Foreign Exchange Reserves Economic Observer (hat tip reader Michael)
The Market Mystique Paul Krugman
Brazil president blames white people for crisis Financial Times
Comparing the U.S. to Russia and Argentina Glenn Greenwald, Salon. A must read, Wish I had written it.
A final comment:
I have mentioned several times I am working on a book. I really should not be posting at all, frankly, given my other commitments. It is very difficult and distracting for me to produce a book under the Bataan death march schedule I am on (manuscript due in August) and keep up with the blog.
Blogging has no synergies with my day job (unlike those of many other bloggers whose blog a by-product of their work). I need to devote time to the book. I was already under a considerable amount of stress due to blogging, and the addition of the book is another notch higher..
I do intend to resume posting on more or less my old volume once the draft is in, but I really must cut back until then.
Complaints about the guest bloggers DO NOT HELP. All they do is add to my stress level and demotivate the guest bloggers, who frankly are doing this as a favor to me.
The traffic stats on the guest posts say they are generally well liked, even if they may not be your personal cup of tea, and are therefore easy enough for you to skip if you so choose.
Please show more respect for the other writers. If you disagree with their line of argument in a post, that is one thing and you are welcome to take issue with them, but to complain about their presence here to their face is just plain rude.
Antidote du jour (hat tip reader David):