Could there be a bigger villain of the credit crunch than Joe Cassano?  Michael Lewis is always entertaining, this Vanity Fair piece is well worth the trouble.

While governments are struggling and Westminster is all fiscal gloom and fury, the real world gets on with innovating.  So Google is taking on Microsoft.  Great news - the FT certainly think so. I always like to bore remind people that while the 1990s really stank in terms of public sector investment, the private sector was inventing the Internet. 

One of my favourite columnists for 20 years, Hamish McRae is back from New York - his ground-level views of the green shoots are well worth reading.

The FT's leader is also the only place where Darling's white paper is reviewed kindly. 

I always thought I was somehow a niche economic expert in reading Krugman daily.  Apparently not. 

Keep the money flowing to stave off deflation says Tim Congdon. I have not read it yet.  But I am suspicious of the idea that liquidity measures like these can, alone, fix a demand-depression.  Pragmatism dictates that we try everything. 

The Nationwide 125% mortgage is not as bad as it sounds. A good reason why statutory caps on mortgage-house price ratios are a bad idea.  After all, if you buy a house, and prices fall, you have a mortgage that is over 100%.  Now, why is offering people in that position fewer options such a good idea?