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Further further reading

For the commute home,

- Build America Bonds: still not in the tax deal

- American well-being still at 2010 low, according to a Gallup survey

- Dani Rodrik: “For the moment, the eurozone may well have reached the point where an amicable divorce is a better option than years of economic decline and political acrimony.”

- On the merits of a global-compatible tax system.

- Hedge says defaults on junk bonds will rise over the next five years.

- A world without China would be a much worse place.

- Longrunonomics vs Shortrunonomics.

- Chart porn from the flow of funds report.

- Reasons why the move from bonds to equities might just be getting started.

- The Economist aggregates the forecasts of various bank strategists.

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