Tears and laughter? Equally likely when Richard Thompson and Loudon Wainwright III join forces. Though Thompson’s an English folk-rock progenitor (from his Fairport Convention days on) and Wainwright comes from the American singer-songwriter realm, their songs dissecting the human psyche share an affecting poignancy and incisive wit. Thompson, who routinely is found near the top of rock guitarist rankings, was a standout at the McCabe’s 50th anniversary celebration at UCLA Live in 2008. Wainwright recently lent his wry takes to the “Knocked Up” soundtrack and put new perspective on material from his youth on the album “Recovery.”

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