Summary: I’ll post views and discussion later this weekend. The 9/11 links have been updated. Notice Zero Hedge's excellent calendar / cheatsheet post.
News roundup (this is the best news page I’ve seen on the net, but terrible to read. I read it on Google Reader, which formats it nicely)
Today's Headlines – Between The Hedges
Excellent discussion, with all the BB charts required to understand the gameboard
** Credit Update: Chandrasekhar Limit – Pragmatic Capitalism
No to economic EU-government, as the treaties are in place, but Estonia does not know how to make e.g. Italy to agree to previous treaties
** Common Sense from Eurozone Member Estonia: "Illogical to Exclude the Possibility of Bankruptcy" – Mish’s
** Barclays’ notes on the bond swap – calcs for both scenariors
To tender or not to tender Greek bonds – alphaville FT
“A Greek default would be extremely messy, but in theory it can be contained. This is perhaps why German authorities are now focusing on their Plan B. If one must die to save the group, Greece will be it.”
Will Germany Decide to Let Greece Fall? – MarketBeat / WSJ
Fund is reactivating 580b resource pool, just like before previous bailouts. They know.
From Thursday evening, again quality from Evans-Pritchard.
Germany pushes Greece to the brink in dangerous brinkmanship – The Telegraph
Consensus emerging in Berlin that only solution is “more Europe”
“Central Banks stand ready to provide liquidity as required”
G7 communique: in full – The Telegraph
Every man for himself, basically.
“When fear dominates, the worst case scenario suddenly becomes the one everyone thinks about.”
When Fear Dominates – The Street Light
No, never, only market rumors. Somebody spreading them on purpose!
European leaders are at a fork in the road. They’ll probably go straight on.
Europe’s debt crisis: Fudge, the final frontier – The Economist
Revisiting the PIIGS Led to Slaughter Perspective – Implications of a Greek Default – naked capitalism
Some debt rolling coming soon, equity ratio low and old debts at very low interest. CDS prices now high and debt bound to be expensive. Same trouble with many others.
Dexia's Sinister Reality – Zero Hedge
Stark’s Sudden Departure Hits ECB Hard – The Source WSJ
“distinction between independent central banks and their sovereign backers blurred”
Next regime – China as the consumer, U.S., Europe and Japan exporting?
Thoughts on Currency Wars – Rational Capitalist Spectator
Mebane Faber’s latest quant paper
Collection of short articles on various marketing topics
How you can naturally influence others – Farnam Street
Review of Robert Whitaker’s book on depression medicalisation
Anatomy of an Epidemic – Farnam Street
The 'Death of Irony,' and Its Many Reincarnations – The Atlantic Wire