Yves Smith of Naked Capitalism submits:
As you may know, Felix Salmon has been so kind as to give me the keys to the castle while he is away on holiday for the next few weeks. It’s particularly sporting of him, given that we have disagreed a few times (as you will see, I am a bit of a curmudgeon, while Felix is a more upbeat sort).
He will be posting from time to time while he is away, but in the interim, I hope you enjoy having a different perspective! Any comments very much appreciated.