Elsewhere on Wednesday,
- A history of Wall Street alarmism.
- Doctor Doom’s Greek thoughts.
- Greece: ‘you say speculator, I say investor’.
- Welcome to Europe’s cohesion crisis.
- Although bank runs are its biggest problem now.
- VIX and volume are back.
- China property bubble watch.
- The Fed’s MBS great escape: the aftermath.
- Why not nationalise the ratings agencies?
- Who’s afraid of a bank tax? Err, Canada.
- You say procyclical, I say risk sensitive.
- Further, further reading.