Recommended reading 4/20

• Not such a bad thing – Financial Armageddon.  Support for a “middle way.”
• Stress test results leaked – Zero Hedge.  16 of top 19 banks in trouble.  Let the feds go ahead and take equity and clean up the mess.  Kill the PPIP.  No cash for trash.
• Will demographic trends impede recovery? – naked capitalism.  Excellent summary of the economic effects of the changing demographics of the American household over the past 40 years.
• John Steinbeck:  “A primer on the ‘30’s” – via Economist’s View [late add].  The ‘30s brought people together, while waiting for war.