Interesting Picks

What caused the subprime crisis? Vested interests? Or local thinking?

There are still some housing bubbles out there.

Useful distinction between revolving and non-revolving credit.

BIS paper on chronicles of currency crashes.

More from CalculatedRisk on sovereign default research.

James Hamilton looks at demand for US sovereign debt.

CalculatedRisk's Weekly Summary and a Look Ahead

Tim Duy's Fed Watch

The European sovereign crisis in a few powerpoints.

The VIX futures contango bubble.