Links: 2008-12-20

Federal Reserve is damned either way as it battles debt and deflation – Telegraph

Federal Reserve is damned either way as it battles debt and deflation – Telegraph

Xstrata falls on fears over covenant breaches – Telegraph

US Fed’s foolhardiness is of more concern than deflation – Telegraph

FT.com | Willem Buiter’s Maverecon | Car manufacturers: the case for doing nothing for the sector

Brad Setser: Follow the Money » Blog Archive » Chieuropa?

The Washington Independent » The Case for Spending More

Calculated Risk: Q3 2008: Mortgage Equity Extraction Strongly Negative

Bloomberg.com: New York Oil Falls as Stockpiles at Cushing, Oklahoma, Climb

Bloomberg.com: Japan May Buy 20 Trillion Yen of Bank-Held Stocks

financial newsWillem Buiter