TIPS have been a standout performer in 2007. (WSJ.com)

Merger arbitrage spreads have blown out to “extremely attractive” levels. (Barrons.com)

Don’t let taxes dictate risky trading moves. (Daily Options Report)

Should we measure hedge funds by gross or net assets? (WSJ.com)

“The currency in which oil exporters hold their assets matters a great deal. The currency in which the price of oil is quoted matters substantially less.” (Econbrowser)

“(T)he housing market has never done this poorly without a recession starting.” (NYTimes.com)

“We are in, as they say, a fluid situation in credit markets, and lenders are nervous.” (Infectious Greed)

“A boatload of 2/28 APR mortgages are about to reset next year, and its not going to pretty.” (Big Picture)

Is the U.S. already in recession? (Calculated Risk)

The current state of the markets viewed from different sides of the Atlantic. (naked capitalism)

Does the mortgage crisis mean we need a “Financial Products Safety Commission“? (Mankiw Blog)

How Seasonal Affective Disorder (SAD) can affect mood and decision making. (TraderFeed)

States are loosening regulations, creating a boom in microdistilleries. (NYTimes.com)

College lectures coming to an iPod near you. (LATimes.com)

Have we missed a interesting post in the investment blogosphere? Then feel free to drop Abnormal Returns a line.