Elsewhere on Wednesday,
– A less naive model of sovereign risk?
– Rogoff on regulation and spilt oil.
– Sell in May and stay away?
– Shanghai contrarian.
– The Indian flash crash.
– Missing the fix-the-financial-system trick.
– Mind the output gap.
– A basis point admonition.
– Homemade mortgage modifications.
-The hemline indicator. Again.
– Further, further reading.