Interesting Picks

Both the Chinese trade surplus with the United States and the amassed foreign reserves result from the savings decisions of Chinese consumers.

A mixed review for EU stress tests.

Shadow Government Statistics- I would subscribe to them if they had a section on the Turkish budget figures:)

Tim Duy asks what the threshold is for more Fed action.

David Beckworth wonders about the current stance of monetary policy and what the Fed can do now.

Interesting charts on the history of sovereign defaults.

I couldn't see rsp ccg zz yldrm there, but still quite useful.

A business dynamics explanation on why US firms are hoarding cash.

John Mauldin on US employment figures.

In case you want to lose more sleep waiting for the stress tests.

I was thinking about the impossible trinity myself for Monday's Hurriyet column (obviously in the context for Turkey), but Greg Mankiw has beat me to it. When am I going to learn not the leave that to the last minute, by the way... I can still go for it, or I can do the World Bank poverty paper I have been delaying for a long time..

According to Rajan, it is inequality caused by skill-bases technological change that fueled the crisis.