Bear market rally? Barry Ritholtz, The Big Picture.
The evolution of the Bank of Canada's balance sheet. Stephen Gordon, Worthwhile Canadian Initiative.
More on inflation expectations. Tim Duy, Fed Watch.
Charting the US downturn; and The US is exporting its recession (by not importing); and Big changes, but not much adjustment: China's March trade data. Brad Setser, Follow the Money.
The green shoots are weeds growing through the rubble in the ruins of the global economy. Willem Buiter, Maverecon.
Green shoots and tea leaves. Paul Krugman, Conscience of a Liberal.
Why we're not at the beginning of the end, and probably not even at the end of the beginning. Robert Reich's Blog.
Giving corporate credit its due. Justin Lahart, WSJ; which refers to economic research paper called Credit Market Shocks and Economic Fluctuations: Evidence from Corporate Bond and Stock Markets. Simon Gilchrist and Vladimir Yankov, both of Boston University, and Egon Zakrajsek, of the Division of Monetary Affairs, Federal Reserve Board.
Is Governor Zhou a closet Bernanke-ite? Michael Pettis, China Financial Markets.
Fed paper on reducing foreclosures; and Federal tax receipts off 28% YoY. Calculated Risk.
Ten principles for a Black Swan-proof world. Nassim Nicholas Taleb, FT.
Bernanke's revolution. Michael Shedlock, Global Economic Matters.
A game of credit cost smoke and mirrors at Wells Fargo? Paul Jackson, Housing Wire.
The incedibly shrinking market liquidity, or the upcoming black swan of black swans. Tyler Durden, Zero Hedge.
April Oversight Report: Assessing Treasury's Strategy: Six Months of TARP. Congressional Oversight Panel.
and, a little late, but better than never,
OECD Interim Economic Outlook, March 2009.
U.S. forecast for -4.0% this year and flat next year; forecast for Canada is -3.0 and +0.3; total OECD is projected to fall 4.3% this year and another 0.1% in 2010 (with Japan hardest hit)
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