Links: Advertising, Food, Bears, Volatility, etc.

Some quick links to items of interest:

• TV seeing political ad spending 40% below some forecasts, despite record fund-raising (Bloomberg)
• Profile of Bill Fleckenstein and fellow short-sellers (Bloomberg)
• Predator-Prey Model for Stock Market Fluctuations (arXiv)
• Financial leverage – lights on an elusive concept (EDHEC-Risk)
• Infrastructure – an attractive long-term asset class (EDHEC-Risk)
• Farm credit crisis may cut crops, spur good crisis (Bloomberg)
• How you might actually list credit default options on an exchange (Crookery)
• Is volatility embedded in the financial system for a generation? (IA)
• This Economy Does Not Compute (NYTimes)

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3. Petrodollars, Market Volatility, and Home R&D
4. Links: Iceland, Leeson, China, Swaps, Yield Curve, etc.
5. [updated] linkfest: olympic pics, goog food, retirees, etc.