Joseph Cassano: the man with the trillion-dollar price on his head Times Online (hat tip reader Michael T)
Will The Dollar Standard Collapse? Clusterstock
Companies face higher hedging costs Financial Times. It is unknowable how much corporate activity is bona fide hedging and how much falls under the rubric of “treasury as a profit center” meaning it is permitted to speculate.
Krugman in China: Stimulating, Controversial, and Expensive ChinaStakes (hat tip Michael Q), Krugman suggest China is a currency manipulator.
Follow-up to “Continuous Bankruptcy” Steve Waldman
Kabuki on the Potomac: Reforming Credit Default Swaps and OTC Derivatives Institutional Risk Analyst
Antidote du jour: