Elsewhere on Friday,
– From the BoE: Low real interest rates and depression economics, not secular trends.
– Dan Davies: What lettuces tell us about deregulating Britain.
– NY Fed: Total household debt nears 2008 peak but debt picture looks much different.
– When the IMF evaluates the IMF.
– Italy’s struggle with the euro straitjacket.
– The acting SEC chair is using his temporary powers.
– Catalyst plays down its own importance: “Our exposure was greatly exaggerated, and our impact on the market was greatly exaggerated,” said Szilagyi by phone. “Comments that we were forced to short cover are not correct. We haven’t been forced to do anything.”
– Something must give in oil, charted.
– Central bank goldbug du jour: “Kyrgyzstan’s central bank wants every citizen to diversify into gold. Governor Tolkunbek Abdygulov says his “dream” is for every one of the 6 million citizens to own at least 100 grams (3.5 ounces) of the precious metal, the Central Asian country’s biggest export.”
– Carl Icahn vs Dealbreaker’s satire.
– Second Life: First they got sick, then they moved to a digital utopia.
– Want to be more productive? Sit next to someone who is? Although, tbf, Simpsons already did it:
– Further, further reading.