Municipal Bonds: Yeeeeaaaaahooooooo! "Smith Barney, Citigroup’s retail brokerage arm, supposedly had the best day for selling municipal bonds in their entire history on Monday. One large dealer I talk to regularly said they had sold every bond in their inventory by 11AM."
Climate change redux: Peter Orszag re-enters the carbon tax vs cap-and-trade debate, on the pro-tax side.
Citic Confirms Talks With Bear Stearns for Bigger Stake
Venezuela or Ecuador to declare war on Colombia: The latest contract at InTrade, it hasn’t traded yet.
What can not go on forever seems to be going on forever: China’s amazing January reserve growth: Between them, China and Saudi Arabia "could have supplied the $62.5b a month the US needs to sustain a $750b current account deficit and still had a bit left over to buy euros."