Mobile phone calls lowest in Finland, Netherlands and Sweden OECD. And highest in the US!
ISDA Launches CDS Marketplace Website ISDA (hat tip reader John O). The timing looks awfully sus….
Japan still a major factor in US Treasury market Japan Economy Watch
The Paranoic Impulse in Current Discourse Menzie Chinn
Australia central bank a model for popping bubbles? Reuters. This is 100% accurate. Ian Macfarlane, the head of the Reserve Bank, would regularly talk to the media about how overvalued housing was. He also put through a couple of modest rate increases, I think in 2004, to show he was serous.
China’s Incinerators Loom as a Global Hazard New York Times
Economists Call for Bernanke to Stay Wall Street Journal. The Journal reports near unanimity on this issue. 89% of economists surveyed by the Wall Street Journal also though (at the time) that the oil price rise of early 2008 was not a bubble.
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