- Schöner sterben mit dem “SZ-Magazin” ” Stefan Niggemeier
interessantes Gespräch über den Mangel an deutschen Bloggern, vor allem im akademischen Bereich
- Wells Fargo Gets $8.6 Billion in Stock Sale, More Than Planned – Bloomberg
“Wells Fargo & Co., the fourth-largest U.S. bank by assets, raised $8.6 billion by selling shares, more than planned, after the government found the bank didn’t have enough capital to withstand a prolonged recession.”
- Adult Film Star Moves On to the Big Screen – WSJ
Sorry, I couldn’t resist linking this. “Adult film star Sasha Grey discusses using social networking sites like MySpace and Twitter to help leverage her career into the mainstream, including the lead role in Steven Soderbergh’s new film “The Girlfriend Experience.” Michelle Kung reports”
- Gold: Does Gordon Brown’s regret selling half of Britains’ gold reserves 10 years ago?
A decade ago Gordon Brown started to sell-off Britain’s gold reserves – at the time the price of gold was $282 an ounce, today it is $900-plus.
- FT.com – US banks attract $11.5bn in a day
“US banks moved rapidly to plug the sector’s $74.6bn capital hole uncovered by the government’s stress tests, with Morgan Stanley and Wells Fargo raising $11.5bn on Friday as investors returned to the battered financial sector.”
- When will the Boston Globe close? – Felix Salmon
“the Globe is surviving mainly on an unsustainable mix of nostalgia, pity, and desperate hope, mixed with a certain quantity of noblesse oblige on the part of the Sulzbergers. I put the over at 14 months, and the under at nine.”
- Net Claims is What Matters – EconomPic Data
Jake tell us why he thinks it is continuing claims and not initial claims that will be the key to this recession’s demise.
- Wunschanalyse Petrochina – Asiens größter Ölkonzern von Liquidität getrieben – Blicklog
Great German blog post about PetroChina. Well worth the read.
- Stiglitz: The Spring of the Zombies
This shows Joseph Stiglitz saying America is counting on a muddling through strategy. Zombie banks are the order of the day.
- The List – Columbia
Hat tip Alphaville “Welcome to the List, a comprehensive catalog of relevant stories produced by major business-news outlets on the lending industry and Wall Street during the run-up to the mortgage crisis.”
- Commerzbank unveils more losses – BBC News
It made a loss of 861m euros ($1.15bn; £767m) in the first three months of 2009, larger than its 809m-euro loss seen in the final quarter of 2008. Write-downs on investments of more than 2.6bn euros were behind the deficit.
- Why American banks will not wind up looking like Japanese banks – Part 1 – John Hempton
John argues, I think with merit, that Japan and the U.S. are very different places because of excess savings vs. excess lending. He says this will have make for key differences in outcomes in the U.S. versus what we are seeing in Japan today.