Economic News And World Cup Links

World Cup: Good

• World Cup 2010: Golden generation passes on after 12 frustrating years| Richard Williams | Football | The Guardian
• Argentina 3-1 Mexico | World Cup 2010 match report | Football | The Guardian
• World Cup 2010: Five reasons for England’s failure | Football | The Guardian
• World Cup 2010: Didn’t he used to be rubbish? Junichi Inamoto of Japan | Football | The Guardian
• Holland 2-1 Slovakia | World Cup 2010 match report | Football | The Guardian

Economic News: Bad

• Ölpest: Russen fordern Rücktritt des BP-Chefs | FTD.de
• G-20 Focuses on Debt Reduction – WSJ.com
• Austrian Banks That Profited in Eastern Europe Now Share Region’s Problems – NYTimes.com
• FT.com – Interest rates may need to rise, warns BIS
• Economic View – The Pendulum Swings Toward Austerity – NYTimes.com
• Frank Rich – The 36 Hours That Shook Washington – NYTimes.com
• Across From White House, Coffee With Lobbyists – NYTimes.com
• Jim Cramer – Lenny Dykstra Stock Scandal, Reports The Zeroes – The Daily Beast
• Audit Board Must Have More SEC Oversight, Court Says – Bloomberg.com

Economy: Ugly

• Paul Krugman – The Third Depression – NYTimes.com
• Hussman: A Double Dip Recession is Coming | Credit Writedowns
• RBS tells clients to prepare for ‘monster’ money-printing by the Federal Reserve – Telegraph
• Why Stimulus Is No Panacea | Credit Writedowns

I have been downplaying some of the more dire warnings of imminent doom of late. But I have said since November 2009 that the odds are 50-50 for a double dip. My hope has been for a benign outcome. However, now I would put the odds more at 60-40 in favour of a double dip. Expect to see a post from me addressing what that means for the economy and investing.