I had started a rather sarcastic post comparing ABB to John Brown. What if ABB had died, Norway fought a super bloody civil war to rid itself of multiculturalism, and the victors sang songs about ABB’s body? Anyway, the post wasn’t very good and Moldbug says it all better (helpfully supplemented by stats from Illka).
Stratfor: "Under the EFSF all of this debt will in essence be a sort of “eurobond,” a new class of bond in Europe upon which the weak states utterly depend and which the Germans utterly control." . . . "Rather than constraining Germany’s geopolitical potential, the European Union now enhances it; Germany is on the verge of once again becoming a great power."
Devin on Europe.
AMcGuinn on the phone hacking media story.
The freedom of children: "The truth is, promiscuous feminists want more than total sexual freedom. They want their choices to be celebrated, and for it to be politically unfeasible for anyone to question their morality. They wish to silence those who would call their lifestyles morally bankrupt (or even think it). They wish to shame men for imposing a sexual double standard, or even for simply preferring to partner with women of limited sexual experience."
Ulysses and I had nearly identical weekends (actually, we were just drinking the same stuff, but that’s close enough).
Currently, intrade thinks it’s unlikely that Congress will pass a deal to raise the debt ceiling. Yields on treasuries are declining today. The market seems to not care whether or not the debt ceiling is raised. Pundits, however, are freaking out. Someone is really wrong.