Apologies for being a bit lean on posts tonight. Blogger and some other sites were inaccessible for about two hours, which I think was a Michael Jackson effect, Internet wide overload due to people reading news and viewing his music videos. I was very taken with his performances, particularly the dance routines, and thought his deterioration was very sad. Despite his considerable talent, he never had a chance.
‘Stoned wallabies make crop circles’ BBC (hat tip reader Steve L)
Tehran dispatch: The regime shows us movies Salon. No joke, a Lord of the Rings marathon as pacifier.
Money floods out of Iran as election crisis continues Telegraph (hat tip reader Steve L)
“What Can I Do?” Robert Reich
Japan Succumbs to Deflation as Consumer Prices Fall Record 1.1% Bloomberg. Yet another sign that Japan is coming apart in a serious way.
The Recession in Japan, Part 2: Land of the Setting Sun? Stratfor (hat tip reader Don)
U.S. economic situation promotes “war-seeking” Benign Brodwicz
Co-ordination falls away as the global crisis abates Philip Stevens, Financial Times
Following the Same Path Michael Panzner
The Seven Habits of Highly Suspicious Hedge Funds Paul Kedrosky
Taking macro-prudential regulation seriously Avinash Persaud VoxEU
A Recession in Dog Years Daniel Gross, Slate (hat tip reader Nick)
Nominees emerge for U.S. panel on Wall Street meltdown Reuters. I’ll wait till this gets past the rumor stage to take this seriously, but aside from Brooksley Born, the list is underwhelming.
Not Enough Audacity Paul Krugman
UNG Fund gas market holdings may be propping up prices: analysts Platts (hat tip reader Michael)
Antidote du jour (hat tip reader Barbara):