Below are the main stories I wish to highlight. There are a bunch of others in the newsfeed.
Britain’s AAA credit rating threatened by scale of bank bailout – Telegraph
Germany, France May Face Bailout of Nations, Not Just Banks – Bloomberg.com
Eastern Europe fuels rush for safety – FT Alphaville
Commerzbank pledges to drop executive bonuses – FT.com
RBS bonuses to reach £775m despite Treasury tough talk – Guardian (This is at odds with what is happening at Commerzbank)
Taiwan’s Economy Probably Posted Record Contraction – Bloomberg.com
Harvard’s alumni fail to dazzle in recession – Telegraph
To Print Or Not To Print, That Is The Question – Edward Hugh, Japan Economy Watch
Layoff Lawyer Sees Ominous Signs – Real-Time Economics (I have said that the seasonal-adjustments are deceiving people as to the fall in jobs)
We ‘hate you guys’ even more now… – FT Alphaville
Stressing The System And The TARP Repayment Race – Zero Hedge