1) Want to see some data and charts about the housing and credit bubble that will make you queasy?  Take a look at this very detailed presentation from T2 Capital Partners.  Yes, things are much worse than any of us realize or admit.
 
2) Epicurean Dealmaker - "Not Safe for Work"
Ed: "Like: did Al Gore really invent the internet? Does the "Prince of Wall Street" still have a job offer in Financial Sponsors at a "bulge bracket" bank? And, is it true that Equity Private and Dan Loeb plan to use a mixture of shredded 10-Qs and portfolio company business plans as confetti at their upcoming wedding scheduled for a secret location off the Dalmatian Coast? We may never know the answers, Dear Readers, but certain questions are worth asking anyway, no?"
Answer: ED, You better f**ckin believe that The Prince still has a job.
The Prince would also love to see more banter between EP and ED, but he's not sure if this is going to get that going.
 
3) Information Arbitrage - "The KKR/SUNW Deal Telegraphed Today's PE Environment"
Much better argument and analysis than the Prince put forward about private equity's style drift.  Here Ehrenberg mainly focuses on the perverse decision making that comes about, like PE shops taking public equity stakes, PIPE stakes, or convertible stakes in public companies, when funds are too large and financing for LBOs is absent.
 
4) Naked Capitalism - "Hubris, Denial, and the Financial Services Culture"
Takeaways with a smile from the Milken Conference.
 
5) Dollar may have fallen too far relative to the Euro, according to the futures market.
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