

Just how high is the ‘wall of worry‘ at the moment?  (Pragmatic Capitalism)

Yield curves are still pretty steep.  (World Beta)

Comparing the high yield bond ETFs.  (IndexUniverse)

Banks (and investors) can’t get enough tail risk protection these days.  (Dealbook also AR Screencast)

Putting a number on the full extent of the Countrywide hit to Bank of America ($BAC).  (WSJ)

Barry Ritholtz, “Whenever you hear a Bailout being discussed, look to see who it is that is actually being bailed out.”  (Big Picture)

Why Europe can’t afford a Greek haircut.  (Global Macro Monitor)

Do we really have to wait until after the 2012 election for action on the economy?  (Economist’s View)
