100,000 Toothpicks and 37 Years Later, Man Completes Incredible Model Of San Francisco SingularityHub (hat tip reader furzy mouse)
Two deficits, two austerities, and quantities matter Steve Waldman
How to Arm a Dictator Nick Turse, TomGram
Easing house prices ‘may prelude big falls’ *Australia version* ABC (hat tip reader Skippy)
Housing falls accelerate MacroBusiness
Japan’s ‘stunning’ stats: Yosano’s new nightmare FT Alphaville (hat tip Richard Smith). I’ve been hearing that Japan has gone into near freefall anecdotally; it’s now becoming official.
Yuan Breaks Through 6.5 Per Dollar for First Time Since 1993 Bloomberg. I bet the Fed and Treasury are quietly very happy with this result, and don’t care re the collateral damage.
The high cost of fracking – and the movement against it Pruning Shears
We had to tell a patient today that she is probably going to die Democratic Underground
Ayn Rand Movie Fails in Free Market (Despite Tea Party Hype) AlterNet (hat tip reader furzy mouse)
It’s all about the rents, part one million and twenty-nine Lambert Strether
Supreme Court rules against consumers. Again. Daily Kos
Protium’s acid reflux FTAlphaville (hat tip Richard Smith). This is exactly the sort of thing we mentioned in ECONNED: the producer class in a big capital markets firm holding management hostage.
Growth data cast doubt over US recovery Financial Times. Yours truly (admittedly in comments rather than a post proper) has been sayin’ this feels like a rerun of early 2008, with a liquidity stoked commodities bubble leading to overdone inflation worries when the deflationary undertow was more powerful. We’ll see soon enough if that view has some merit.
Another Round of Greater Fool Remorse? Michael Panzner
A Frightening Satellite Tour Of America’s Foreclosure Wastelands Clusterstock (hat tip reader furzy mouse
Dead economist throwdown, yo FT Alphavlle. Good fun.
Life Insurers Skimp on Payouts: States Wall Street Journal (hat tip reader John M)
Michigan Court of Appeals Rules Against MERS ScribD. This is from last week, limited coverage in the blogosphere. Other non-judicial foreclosure states may have similar statutory issues.
The R word Charles Wyplosz, VoxEU
Step away from the CCP Deus Ex Macchiato
The FDIC’s Resolution Problem Simon Johnson. Johnson comes out where we did on the FDIC Lehman counterfactual, and on special resolution authority for big banks in general.
A Foreclosure Problem Congress Couldn’t Ignore Dave Dayen, American Prospect
How Much Longer for the “Royals”? Dylan Ratigan, Huffington Post
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