USA 2009 = Argentina 2001? – In depth analysis of how the situations differ and are alike.

The 7 Habits of Highly Suspicious Hedge Funds – “He ratchets up his risk. He knows he won’t be able to turn it around fast enough if he plays it prudently, whereas there is some chance to stay in the game if he bets it all on 00, or better yet, if he levers up as much as he can, borrows all the money he can get his hands on, and then bets all of that on 00. If he loses, well, he was going to be gone anyway, so he may as well try for the big time.”

The Country That Punishes Savers – Despite the government’s best efforts, people are increasing their saving rates. How far will they go to increase consumer spending? Very.

Fed Balance Sheet Not Adding Up? – Tyler from ZH thinks that the Fed is manipulating data to mask the lack of foreign buying. A comment sums up the thesis: “foreigners are not buying many Treasuries and the powers that be don’t think we can handle it.”

TARP gives British Rum Maker $2.7 billion – A consequence of rushing legislation with scare-tactics.

And a little Peter Schiff, dishing on cap & trade, the dollar, clinton, etc: