Recent Blog Posts
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The Times' Rorshach Geithner Story
Apr 27 20099:26 am EDT -
Sinking Animal Spirits
Apr 27 20098:45 am EDT -
Counter-cyclical Urban Policy
Apr 26 200910:00 am EDT -
Be Your Own Counterfeiter
Apr 26 20099:36 am EDT -
Being Tim Geithner
Apr 25 200912:37 pm EDT -
Notes From a Press Conference Naif
Apr 25 20099:41 am EDT -
What Good is the News?
Apr 25 20098:32 am EDT -
Stressful Enough
Apr 24 20092:29 pm EDT -
Not Regretting the Pound
Apr 24 20091:09 pm EDT -
Introducing the New Ford Squeeze
Apr 24 20099:47 am EDT
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CDS Datapoint of the Day
From Paul Davies:
One broker quoted McDonald's CDS at about 26.5 basis points, compared with 30bp for the US, on Friday morning.
Yes, the cost of protecting US Treasury bonds against default has now reached 30bp -- higher than McDonald's. Is there some way on a blog I can do that thing that Jon Stewart does where he madly pretends to rub his eyes with his fists?
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