- The reverse industrial revolution (MarketWatch)
- Why did monetary policy fail? (TheMoneyIllusion)
- Future of Europe is "bleak", and capitalism is a "ponzi scheme" according to a former German vice-chancellor (Telegraph)
- China closes Tibetan side of Everest to climbers ahead of anniversary of Dalai Lama’s exile(Telegraph)
- Oh Sh*t…Even Index Arb Isn’t Safe (Cassandra)
- Mendoza Line (Wikipedia)
- Unemployment Insurance And Unemployment Spells (SSRN)
- Greeks shut airports, services to protest economy | U.S. | (Reuters)
- Long look at Treasury Sec Geithner paints him as a capable bureaucrat without iota of leadership – also tips eventual death struggle with Volcker (Bloomberg)
- Are S&P 500 Earnings Wrong? (Bespoke)
- Are US Banks Worthless? (Minyanville)
- China taxes reveal spending slowdown (Bloomberg)
- Jeremy Grantham on how bad the bear could get (CNN)
- The party on Mt Palomar during the Tour of California (VeloNews)
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