Of interest across the nation and globe:
- Expect a slow bleed in housing.
- The Bank of England secretly lent money to RBS and HBOS last October, as the two were “within minutes” of shutting down, FT’s Alphaville reports.
- “The real progress showing up in jobless claims over the past six weeks is a very positive sign,” Economist’s Free Exchange says.
- The party hasn’t even started, and people are worried about when the Fed’s going to take away the punchbowl.
- “What planet is this inflation talk from?”
- “A permanent shock to the level of household spending” is taking place.
- Understatement of the year? Fed’s concerned near-zero interest rate policy may cause “excessive risk-taking.”
- Overstock.com (OSTK) continues living up to its bizarre reputation.
- Time to start getting worried about future deficits.
