Elsewhere on Friday,
- Goldman Sachs — the musical.
- The dark magic of structured finance.
- Dead cat bounces, ECB liquidity edition.
- Chinese tightening: ‘I think we are stuck‘.
- The awe-inspiring Flash Crash.
- Financial innovation: too clever by half.
- ‘Can someone invent a Gross World Product swap?’
- The myth of the credit-less recovery.
- Plus, the myth of lazy Greek workers.
- Volcker owns the banks.
- Further, further reading.