Happy Groundhog Day. By the way, the word on the street is that Germans who came over to Pennsylvania wanted to use hedgehogs in this mythical are-we-going-to-have -six-more-weeks-of-winter ritual. But, because there are no hedgehogs, they used groundhogs. This could be totally made-up rubbish, but that’s my contribution.
By, the way Punxatawney Phil saw his damn shadow. Winter is in full effect, as Londoners will attest.
YES WE CAN!! have a global depression if we really continue to work at it… – Willem Buiter’s Maverecon
The Real Daschle Problem « – Swampland – TIME.com
Don’t Go There, Mr. President « – Swampland – TIME.com (Obama dissing Jessica Simpson?)
Zimbabwe dollar sheds 12 zeros – BBC News (most people wish the could add zeros)
New GOP chair comes out swinging – – USATODAY.com
I have fallen into recession’s web of fear – FT.com – Lucy Kellaway (Hat tip, Yves Smith)
Iceland on the Thames: Can Countries Really Go Bankrupt? – SPIEGEL ONLINE – News – International
Chinese spending creates deficit – BBC News
Buenos Aires’ boom town – – National Post
It’s Not the Bonus Money. It’s the Principle – NYTimes.com
Commercial property values plunge – BBC News
Rio in stake talks with Chinalco – – BBC News