Apologies for thin links, up late posting.
Ranger uses stun gun on man walking dogs off-leash Associated Press (hat tip Lambert)
Pythons linked to Florida Everglades mammal decline BBC (hat tip reader John M)
Amazon misses sales expectations Financial Times
Peak oil and growth MacroBusiness
Whistleblowers Expose FDA’s Illegal Surveillance of Employees Whistleblowers (hat tip reader furzy mouse)
Europe is stuck on life support Martin Wolf, Financial Times
European Policy By Sloth MacroMan (hat tip reader Scott)
G.O.P. Donors Showing Thirst to Oust Obama in November New York Times
Lilly Ledbetter Did Not Alter Pay Equity Gap Whatsoever Dave Dayen, Firedoglake (hat tip reader Carol B)
The Best Alternative Financial Blogs CNBC (hat tip reader furzy mouse). Shows the financial blogosphere is still alive and kicking.
French banks would come to Britain to avoid tax: Cameron EU Business (hat tip reader furzy mouse)
Low rates: the drug we can all do without Satyajit Das, Financial Times
The Fetish for Liquidity (and Reform of the Financial System) Randy Wray, Credit Writedowns
Foreclosures Draw Private Equity as U.S. Sells Homes Bloomberg. Wish I had time to post on this. I’ve worked on the buy side (PE and hedgies) and I’d recommend against this strategy big time. They might get a few initial deals at a super discount BUT residential real estate is a huge hassle to manage and to earn PE returns, I strongly suspect they need decent to good home price appreciation. Remember when investment banks bought servciers and subprime originators in late 2006 and 2007, convinced they were buying on a dip? They were trying to unload servicers to hedgies in 2008 (I know because I had to discourage one in a major way). Just because something is cheap does not mean it might not get cheaper.
In Atlanta, Housing Woes Reflect Nation’s Pain New York Times. As indicated a week or so, when we questioned Krugman’s call of a housing bottom, the really big actual and shadow inventory argues for continuing price pressure in most markets.
Supplemental and Friend-Of-The-Court Briefs Filed In Eaton v. Federal National Mortgage Ass’n (Fannie Mae) (hat tip if my lousy memory is correct reader Tim as well as Deontos) Massachusetts Real Estate Blog. Ooh, this is a doozy.
A Debt Market’s Slow Recovery Is Burdened by New Regulation New York Times. OMG, is this disingenuous. Argues that CLOs help raise capital “for many businesses.” Well, if you include PE firms, that might be right. CLOs pre the crisis were used heavily for takeover-related lending.
Holder & Obama’s Propaganda is “Belied by a Troublesome Little Thing Called Facts” Bill Black, New Economic Perspectives
Inequality, Mobility, Opportunity Mark Thoma
Guest post from OWS: Too Big to Fail is Too Big to Ignore FT Alphaville. Today’s must read! I know the people involved in this group and they are a good bunch. Congrats.
Antidote du jour: