Thursday, June 11, 2009

Overalottment: June 11

  • And after all that talk of simplifying risk, BlackRock buys quant behemoth BGI, for $2.7 trillion in combined assets. This is a nuclear black swan waiting to happen (WSJ)
  • Blast from the past (or is it present?): Jimmy Carter vs. Inflation (Time, circa 1980)
  • Some more astroturf (bs green shoots): $1.3 trillion in household net worth wiped out in Q1 (AP)
  • China sees massive drop in trade. Response - simple, inflate the credit bubble (Bloomberg)
  • Fed to keep lid on bond buys (WSJ)
  • Irish deflation rate hits 4.7%: no chance of green shoots here (Irish Times hat tip Adrien)
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