Apologies for the absence of a substantive post, Still a bit off sync, and having to write about ergodicity, which is enough to put any mere mortal on refry. I hope to do a real post later today.
Anti-Abuse Bus Stop Ad Only Batters Women When Nobody’s Looking Gizmodo (hat tip reader Greg)
The second derivative is bad John Hempton
U.S. Savings Rate at Highest Point in 15 Years New York Times
Fed Documents Fuel Concerns About Expanding Central Bank’s Role Wall Street Journal
Exporters warn of German credit squeeze Financial Times (hat tip reader DoctoRx). I heard of this from my German client, who owns a company with a very conservative balance sheet and world-leading technology in a good niche. If he is worried about banks cutting his financing, then pretty much every Mittelstand company is at risk.
FSA to ban commission for advisers Financial Times
The Great American Bubble Machine Matt Taibbi, Rolling Stone (hat tip reader lambert). If you haven’t seen this yet, it’s a must read.
Antidote du jour: