Peter Larsen: what is an acceptable ROE for the banking industry (Breakingviews)Inflation troubles investors (FT)
-and I think it should. With rates on the floor people are taking on more risk than they really want to in order to generate return because they are worried about high inflation coming on. And rightly so. A number of economists at the AEA are talking about 5% in 2011 or 2012. 1% on a money market just won't cover that.
The Visa fees debate filtered through Coase's theorem (MR)
How the mind works with regards to time (NYT)
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