Boomerang (book)

I'm currently reading Michael Lewis' book "Boomerang - travels in the new third world".   This is an excellent and very amusing discussion of what went wrong in Iceland, Greece and Ireland (and others).  It's not a detailed macroeconomic exposition, but if you want a fun and relevant read, I recommend it.

Fed Transcripts for 2006

Did the Fed see the impending financial train wreck coming?

Nope, in fact they thought things were going swimmingly.

A new contrarian indicator - skyscrapers

Apparently the height of new skyscrapers predicts financial crashes.