Insured Defaults Rise as Cure Rate Hits Historic Low Housing Wire. This is decidedly Not Good.
Free Fall In Munis, Worst Month Since 2003 Michael Shedlock. This translates into a buying opportunity, not immediately, but keep on top of the muni bond offering calendars. When the rabbit is almost all the way through the anaconda is when to buy. But David Merkel says no need to wait, they are a bargain now.
American Finance: From Deregulation to Government Ownership in One Fell Swoop Robert Reich
Thomas Sowell Should Not Become a Weather Man PGL Angry Bear
Industrial Origami Baby The Stalwart
Some readers have complained that this blog is a downer. I’ve decided to add a cute picture du jour an a bit of an antidote, provided I can keep finding them (readers encouraged to send them via e-mail to assist in this effort). Also, assuming you like this feature, is “Pic” in the header enough? Kevin Drum has the more elaborate “Friday Cat Blogging” but after all, they are his cats.