Rally Mode: Weekend Reading

Lastly, here are some articles and papers worth reading:

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• No High Anxiety in High-Yield Market (IDD)
• Schwarzenegger Says Economy Shows 'Signs of a Comeback' (Bloomberg)
• Despite Signs of Recovery, Long-Term Unemployment Rises (The New York Times)
• Fast-food breakfast sales decline as fewer head to work (Washington Post)
• Politics in America: What's gone wrong in Washington? (The Economist)
• The future of public debt: prospects and implications (Bank for International Settlements)
• Mortgage delinquencies may be peaking, but housing market far from normal (Christian Science Monitor)
• What's Next? Judging Sequences of Binary Events (SSRN)
• Casinos lost money in 2009 for second time in history (Las Vegas Sun)
• Wall Street Takes Break for Tiger Woods Apology: Chart of Day (Bloomberg)
• A parable about how one nation came to financial ruin (Slate)
• Is K.R. Sridhar's fuel cell ready for prime time? (Fortune)
• Amid Gigantic Deficits, the Bond Market Shrugs (BusinessWeek)
• The Pension Fund Beating Private Equity (BusinessWeek)
• Gordon Brown: Prime Minister says need to cut spending a 'myth' (Telegraph)
• Exits from Recessions: The U.S. Experience 1920-2007 (NBER)
• Bond Bubble? What You Can Do About It (The Wall Street Journal)
• Greece says borrowing needs covered until mid-March (Reuters)
• Buffett, Gates love garbage (New York Post)
• Florida's First Population Decline Since 1946 Squeezes Budget (Bloomberg)

-- Written by Paul Kedrosky in La Jolla, Calif.

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