Did an ice age boost human brain size? New Scientist (hat tip reader John D)
The Health Care Bill Dies? Matt Taibbi (hat tip reader John D)
Flipping Out David Adler, The Big Money. Statistics books need to be rewritten.
Hurrying Into the Next Panic? Paul Wilmott, New York Times
75% Favor Auditing The Fed Michael Shedlock
US 5yr Bond Auction Effectively FAILS Karl Denninger (hat tip reader Scott). Not certain he has this right. BTW.
Should Fed chairmen go around kissing babies? Willem Buiter
Lucrative Fees May Deter Efforts to Alter Troubled Loans New York Times. This is useful, but why has it taken the MSM this long to drill into what the fee and incentives are? The reluctance to do mods has been a political issue for at least a year.
Smaller banks will not make us safer Josef Ackerman, Financial Times. Quelle surprise! The head of a very big bank, Deutsche Bank, defends big banking! I wish I had time to shred this. He has some valid observations, particularly his headline point about interconnectedness, but a fair bit of the rest was spurious.
Washington risks taking China too seriously David Pilling, Financial Times
GFC Cures – Placebo Effects Satyajit Das, RGE Monitor. A colorful and thorough overview.
Squeezing out the exporters Michael Pettis. Important.
Antidote du jour: