Sorry this went up so late! And some links got lost too. Grr!
Where have all the butterflies gone? Guardian
Mexico flu: Your experiences BBC (hat tip reader Dwight), These reports suggest the flu started earlier and has produced more fatalities than the official reports suggest.
Fed study puts ideal US interest rate at -5% Financial Times. A blank check for more Fed experimentation.
Money Multipliers, Velocity, and Excess Reserves Michael Shedlock
Two-thirds facing a pay cut or freeze Independent
Are CDS a good thing? Felix Salmon
Thain Fires Back at Bank of America Wall Street Journal. While it is hard to muster up much sympathy for anyone in the Merrill-BofA affair, it’s blindingly obvious that the Charlotte bank was aware of the Merrill bonuses. Paying them without notification would have been a breech of the merger agreement, and Thain is too seasoned (and well trained to call lawyers when in doubt) to have made an error of that magnitude.
$60 billion and counting: Carry trade-related losses and their effect on CDS spreads in Central and Eastern Europe Raphael Aue, Simon Wehrmüller, VoxEU
Money for Nothing Paul Krugman. On the fact that Wall Street is gearing up for a good bonus year.
Antidote du jour: