My early morning reads:
• Greece Warns of Going Broke as Tax Proceeds Dry Up (NYT) see also ECB’s Fix-It Kit Is Running Out of Tools (WSJ)
• The TIPS curve has become inverted (Sober Look)
• Panic has become all too rational (FT.com)
• Is the bear around the corner? (Market Watch) but see Five reasons to buy stocks now (Market Watch)
• Correlation roller coasters (Research Puzzle)
• Housing: Dude, Where’s my inventory? (Calculated Risk)
• Former FDIC chair Sheila Bair Forms Group to Urge Strict Oversight of Wall Street (NYT)
• MF Global and the Risks Looming in the Repo Market (DealBook)
• Cognitive Democracy (The Monkey Cage) see also Barbell Approach Only Way to Lift Heavy Economy (Bloomberg)
• A UNIVERSE OF SELF-REPLICATING CODE (Edge)
What are you reading?
Junk Bonds Get Closer Look
Source: WSJ
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