links for 2011-09-08
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"The outlook for economic growth in developed countries has got much worse in the last three months, the OECD said on Thursday and urged central banks to keep rates low and be ready to pursue other forms of easing."
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"The index reached 231 points in August, up 26% from the same period last year. The index hit an all-time record of 238 points in February."
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"Fitch Ratings warned on Thursday that it might downgrade China's credit rating within two years as the country's banks struggle with debt loads following a lending surge to help lift the economy during the 2008 financial crisis."
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"A freely traded currency would mark one of the biggest policy shifts since policy makers embraced private enterprise three decades ago. Such a timeline would help China deflect criticism from U.S. and European lawmakers that the world’s second-biggest economy is gaining an unfair advantage in global trade by artificially keeping the yuan undervalued."
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"The US investigation into alleged manipulation of interbank lending rates is focusing on possible violations of a commodities law that has previously been used to send financial executives to prison."
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"En anden mulighed er opløsning af euroen. Men det er for dyrt. Vil et “svagt” land ud, vil det bombe dem mange år tilbage. Vil et “stærkt” land som Tyskland ud, vil det koste dem 3-4 gange så meget som det koster at redde de svage lande. Se mere om dette i denne rapport fra UBS."
“CDOs – Part 2 – How the banks bet our house would burn down” https://golemxiv-credo.blogspot.com/2010/11/cdos-part-2-depth-of-pile.html
How Does Growth in Health Care Costs Affect the American Family? “https://www.rand.org/pubs/research_briefs/RB9605/index1.html”