Elsewhere on Friday,
- Libor surged, after the scrutiny did too.
- An investment-management Cassandra? Hedge fund fees.
- “Aside from great gossip, the debate over which rich guy should have more or less of other rich guys’ money may be immaterial.”
- “It’s mine! You can’t have it!” - Paul Krugman claims the TED spread.
- Brad Setser isn’t appreciating the depreciating.
- “We can discern four forces at work today pushing up food prices – forces that were also at work in the 1970s, the last time food prices increased so rapidly on a sustained basis”
- Why new oil price highs?
- Looking up, but from a deep hole
- Le subprime - “the USA is not in France”
- Ten things worth worrying about (and 10 not to bother with)
- Coals to Newcastle. Hedgies to Greenwich.
- Merrill’s muppet moment.
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