Chimpanzees exchange meat for sex BBC (hat tip reader Steve L)
Why every office needs a Dwight Schrute Globe and Mail
Investment losses hit public sector pensions Financial Times
Oil Companies Loath to Follow Obama’s Green Lead New York Times
Debt Bomb Is Ticking Loudly on Campuses The Chronicle of Higher Education (hat tip reader Michael)
Foreign Currency Liquidity Swap Lines Alea. Hhhm.
Bernanke’s Deflation Preventing Scorecard Michael Shedlock. Fed defenders would retort that it takes time to create inflation, so I would say the jury is still out. However, note Steve Keen contends that the central bank would have to bloat its balance sheet to vastly greater levels than appears to be contemplated (a mere $10 trillion wouldn’t do it) to counteract the deleveraging in progress.
Keynes’ savings paradox, Fisher’s debt deflation and the banking crisis Paul de Grauwe, Eurointelligence
Ten principles for a Black Swan-proof world Nassim Nicholas Taleb Financial Times. Today’s must read. A great list, which I am highly confident will never be implemented.
Antidote du jour: