A few good articles worth reading tonight if you are bored, or tomorrow morning over your fair trade coffee and green tea:
- The Japanese Liquidity Trap Revisited
- oops all this talk of Greek debt cuts has got the Irish rethinking, see: Negotiate new terms on promissory note before April
- A new study this week shows 84% of 400 foreclosures in San Francisco appeared to be illegal: “The audit in San Francisco is the most detailed and comprehensive that has been done – but it’s likely those numbers are comparable nationally,” Diane Thompson, an attorney at the National Consumer Law Center, told Reuters. [Recall that the $25 billion settlement announced last week will include no admission of wrongdoing by the banks–think about that for a moment]. There will be no real healing until there is admission of fault: remember it is admit, repent, reform, recover. See: Foreclosure abuse rampant across US, experts say.
- The truth about default: Iceland (and others) have lived to tell the tale. See: Iceland comes in from the cold, three years after default, Fitch moves Iceland bonds back to investment grade. (psssst..Greece, Ireland, Portugal, Italy, Spain…read this one twice)
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