This is what happens when you don’t blog for a day but you did have offline access to your RSS reader: the end-of-day roundup starts to get very long.
Treasury Five-Year TIPS Yields Fall Below Zero for Third Day
Will Default Rates on Muni Bonds Sharply Rise During the Recession? Most Likely Yes: By N. Roubini, natch.
What the hell is going on with munis? "Friday it was possible to buy 5-year pre-refunded municipals (which are backed by Treasury bonds held in escrow) at yields in the 3.50’s. In other words, around 80bps higher than Treasury rates. That is literally Treasury credit at a 80bps spread to Treasuries tax-exempt."
iTunes Now Number Two Music Retailer in the US
Who’s Gonna Win The Netflix $1 Million?
Rodrik and Borjas on the Kennedy School’s rebranding
An hour and a half with Barack Obama: As good a summary as you’ll find of how and why the intellectual elites are gravitating towards Obama.
Citigroup’s Model for Risk Management: LTCM?
Microsoft/Yahoo: Tracking the Deal "Spread" It’s widening.
Young Japanese Just Say No to Cars
Whatchoo talkin about, Willis? "Because [the assertion that is all persistent performance is random] is unfalsifiable, I am afraid it is wrong at worst, idle at best, and sort of useless as a base case. "