Reads of the day

One way to financial crisis could increase productivity: By channeling smart bankers to places where their skills would be helpful

I guess I am not the only one looking at the Fed's balance sheet

Looking at earlier recessions hints at tough times ahead

Now, it's the consumer

I guess we're now in step 12 (not a recent article but certainly relevant)

An IMF paper back from the summer shows that house prices still have room to go (down, that is)...

...But at least August pending home sales index is up; the index is usually in line with the more relevant existing homes sales

FAQ on the Fed's decision to pay interest on reserves, from the Fed itself