“We don’t want to panic too much because we’re sure that someone will do something.”
Hot Links: Shrinkage
Your morning links, expertly curated.
Euro Mess Crosses Into Parody as S&P Downgrades the Bailout Fund Itself
“Standard & Poor’s on Monday stripped the eurozone’s bail-out fund of its AAA credit rating, potentially constraining its ability to contain the region’s debt crisis and focusing attention on efforts to create a more robust successor.”
The Backlash Begins
So I’m sticking around and playing it cool – I’ll be way less interested in understanding or attempting to placate those who spout ugly things to me.
"What Percent Are You" Jumps the Shark
Infograph.
Seth: It's a Forever Recession – So Race to the Top
Video.
Bill Ackman vs Canadian Pacific: Emails Released
There’s a fascinating behind the scenes dialog taking place right now between Pershing Square activist hedge fund manager Bill Ackman and the CEO of Canadian Pacific Railroad ($CP). Ackman, who has made no secret of his desire to follow in Warren Buffett’s footsteps and possibly exceed the man’s long-term returns, has found a railroad investment…
Martin
Martin.
Lana on SNL
Video.
Bank of America's Baghdad Bob
Clearly, the plan is not to fix their image or any such thing, it is to ride out the storm and keep as much of the status quo intact as possible for the next cycle.
