Debt is “like a drug” in Europe’s second-most indebted nation — Der Spiegel
When volatility rises, so do bid-offer spreads. That’s entirely natural — volatility means danger, and a higher chance that the market will move against you if you’re a market-maker. So you require a bigger spread between your bid and offer prices before you’re willing to trade.
The WSJ has the latest mortgage-settlement trial balloon, and it’s pretty weak tea: under the terms of the deal, if (a) you’re underwater on your mortgage, and (b) you’re current on your mortgage payments, and (c) your mortgage is owned by the bank outright, rather than having been securitized, then you would be given the opportunity to refinance your mortgage at prevailing market rates.
Ben Furnas only has 325 followers on Twitter, but that’s all it took to make this photo of his go seriously viral over the past few days. He posted it on Twitter at 5:42pm on Saturday, with no commentary other than the hashtags #ows and #win. It didn’t take long (I’m a little bit unclear about the timezone of BoingBoing timestamps) before Xeni Jardin posted it on her hugely popular blog. And from there it went, well, everywhere.