Where have all the thinkers gone? Gideon Rachman, Financial Times
Aljazeera’s Leaks Reveal Sham ‘Peace Process,’ Israeli Stonewalling Juan Cole (hat tip reader ex-PFC Chuck)
Buiter on Europe’s secret liquidity operations FTAlphaville (hat tip Ricard Smith). This confirms worries about the Irish central bank’s wee Euro “printing” exercise.
Europe’s Industrial Rebound: The Power of Mean Revision EconomPic Data
Eurosclerosis, Then and Now Paul Krugman
Space, time and public pension black holes FTAlphaville
Managing the Digital Transition at the New York Times Marion Maneker, The Big Picture
Tepid trading fails to curb US bank bonuses Financial Times
Chocolate set for price rise as cocoa soars Independent
Schork Oil Outlook: Shorting the Trend? Remember Keynes CNBC (hat tip reader Michael Q). Get a load of this:
Hetco (partly owned by Hess Corporation) has taken control of “the first eight North Sea Forties crude oil cargoes loading in February” in addition to two Brent cargoes. There are 25 total Forties cargoes, each of which typically comes to 600K barrels.
This may not mean much on the electronic markets, but Hetco has effectively taken control of ~30% of the Forties and Brent physical market in February (emphasis theirs).
Keys to Today’s Rally Michael Panzner (hat tip reader Scott). Funny.
Churches Find End Is Nigh Wall Street Journal
The Making of a ‘Liar’s Loan,’ With Help From the Loan Officer Abigail Field, DailyFinance
“Zero-Interest Policies as Hidden Subsidies to Banks” Mark Thoma. We’ve been saying this for a while, and the Fed no doubt sees that as a feature, probably the most prized feature, rather than a bug. Nice to see Serious Economists catching up.
Fed Speak & the WSJ Bruce Krasting
The Antidote to Deficit Hysteria – the Financial Transactions Tax Dave Dayen, FireDogLake
Antidote du jour: