Elsewhere on Thursday,
- The IMF on Europe: masters of understatement.
- Revaluation: ‘It’s China’s world, we’re just living in it’. Almost.
- The liquidity trap goes on a world tour.
- Will the Dodd bill make SEC a true enforcer?
- Equity risk premia, past and present.
- Punctuated equilibria: or, good investors are jerks.
- ‘Risk-taking is back with a vengeance‘.
- Of detection and deterrence in bank failures.
- US joblessness: ‘no other previous period comes close‘.
- What caused the crisis? A catch-22 problem.
- Aux armes, shareholders!
- Further, further reading.