Dear readers, I am about to do a face plant, forgive the absence of normal posts. I will try to put up a morning post or two to compensate for the lack of the usual evening fare.
Bank of China’s Zhu Sees ‘Bubbles’ in Asset Markets Bloomberg (hat tip reader Michael)
Lessons Learned and Soon Forgotten Simon Johnson
Lake Wobegon of England Independent Accountant
Geithner defends bank bailouts at town-hall meeting MarketWatch. I wish I had the bandwidth to shred this. And I cannot believe anyone would let Geithner, an elite bureaucrat, appear before normal people.
Trade Activity Up, But Rebalancing Stalled Tim Duy. Tim is starting to step into Brad Setser’s shoes.
To fix the system we must break up the banks Philip Augar and John McFall, Financial Times (hat tip reader Don B)
Accountants Misled Us Into Crisis Floyd Norris, New York Times
A Decade With No Income Gains David Leonhardt (hat tip reader John Doe)
Antidote du jour (hat tip reader Scott):
A giant farm dog and a tiny piglet cuddle up as if they were family after the baby runt was dismissed by its own mother.
Surrogate mum Katjinga, an eight-year-old Rhodesian Ridgeback, took on motherly duties for grunter Paulinchen – a tiny pot-bellied pig – and seems to be taking the adoption in her stride.
Lonely Paulinchen was luckily discovered moments from death and placed in the care of the dog who gladly accepted it as one of her own. Thankfully for the two-week old mini porker, Katjinga fell in love with her at first sight and saved her bacon.
Property developer Roland found the weak and struggling piglet after she was abandoned by the rest of her family one evening after she was born.
He said: “The pigs run wild on our land and the sow had given birth to a litter of five in our forest.
“I found Paulinchen all alone and when I lifted her up she was really cold.
“I felt sure some local foxes would have taken the little pig that very night so I took it into my house and gave her to Katjinga.
“She had just finished with a litter of her own, who are now 10 months, so I thought there was a chance she might take on the duties of looking after her.
“Katjinga is the best mother you can imagine. She immediately fell in love with the piggy. Straight away she started to clean it like it was one of her own puppies.
“Days later she started lactating again and giving milk for the piggy. She obviously regards it now as her own baby.”
More pictures here.