1 America's broken politics. Jeffrey Sachs: "Policy paralysis around the US federal budget may be playing the biggest role of all in America's incipient governance crisis"

2 Quelle Surprise! Most Big Banks Lack Capital. Edward Harrison: "On the whole, this report leaves me more convinced than ever that a double dip recession would tip us into a 1931-style panic"

3 Commodity Collapse Could Be Subprime Part II. Joe Weisenthal: "In the bank's latest edition of its Monday Mining Minutes, Citi lays out a scenario which it calls the 'Nightmare on Commodity Street'"

4 Climate Change—Some Simple (and Quite Convenient) Truths. Carlo Cottarelli: "Views on carbon prices differ, but the numbers are often strikingly moderate. Even $60 per ton of carbon would mean only $8 per barrel of oil"