I believe that the investor class is finally starting to pay regular expenses and cover the bills with their money market funds, turning that New Normal maxim about the coming of higher savings rates on its ear.

Greenspan agrees with me. Hold me, I’m scared.

Financial Reform Bill as Mere Inconvenience.

Some stuff I’m reading today.

Talking finance and blogging with Tadas of Abnormal Returns.

Check out Louie on FX, a comedy/drama starring James Cramer, believe it or not.

Tentativeness is everywhere.

Strapped consumers buying iPads and $4 coffees. Again.

One trader who is a must-read in this tape.

Castles and naturally defensive geography are valuable, too. Even if they’ve been forgotten as an asset class.