Below are a few links to web stories you might enjoy. Other news stories can be found at our newsfeed. The newsfeed is also available via RSS. I would like to point out the emerging market stories in particular on Eastern Europe and Asia. Those are the first three below. Following that is a good article from the economist on bad banks. This is something I have mentioned as a necessary credit crisis move in the United States in particular. See “The Swedish banking crisis response – a model for the future?.”
Worries about Romania and Bulgaria | Stopping the rot | The Economist
FT Alphaville » Things can only get worse in Eastern Europe
Stephen Roach: Can Asia stand on its own economically? – National Post
Bad banks briefly explained | Stockholm syndrome | The Economist
Automakers seek $6-billion in Canadian aid – National Post
Where have all your savings gone? | The Economist
Calculated Risk: Fleckenstein Shutting Down Short Hedge Fund
White House, Democrats reach deal on $15 billion auto aid | Reuters
Georgia-based Bank Becomes 23rd Failure This Year : HousingWire
FT Alphaville » Why banks won’t lend
Oil price falls below $40 – Telegraph
EconomPic Data: Broader Unemployment to 12.5%
Economist’s View: More Bad Employment News
Paul Kedrosky: The Interest Rate Race
Bloomberg.com: Asia Bond Collapse Spurs Borrowers to Repurchase Debt