Wednesday links: why buy bonds?
“If 2008 was the year of systemic risk, particularly in the financial sector, 2009 seems likely to be a year dominated by specific risk.” (Economist.com)
“So why buy bonds?” (Market Movers)
Activist investors have stepped up their efforts. (WSJ.com)
Bill Miller: bad year, great December. (Clusterstock)
Read 2009 Investment Guides with a large grain of salt. (Big Picture)
“So, our hat is off to Doug Kass: The Peerless Prognosticator of Palm Beach.” (Jeff Matthews)
How many “Dr. Doom’s” are there? (The Stalwart)
Is GMAC a mini-AIG in the making? (naked capitalism)
“Which private-equity firm’s going bust first? ” (VanityFair.com)
Is this a rich person’s recession? (Silicon Alley Insider)
Is the Swedish central bank doing us a disservice by awarding Nobel prizes to financial economics? (Free exchange)
The next generation of smart, young economists. (Economist.com)
Chess is now a young man’s game. (Marginal Revolution)
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