Must-read: On China, Trade and Protectionism (more on this in the next post)
The Usual Fare
- FT.com – Gillian Tett – Europe’s antipathy to stress tests is well founded
- EconomPic: Retail Sales Fall, But Not as Bad as Reported
- Economy surpasses estimate, grows 5% | The Japan Times Online
- Deutsche reveals £2bn short on Iberian companies – Telegraph
- Michael Lewis & Ivy Zelman: Entitlements Are Bigger Risk Than Moral Hazard | REIT Wrecks
- Roubini Urges ECB to Cut Rates to Offset Austerity – BusinessWeek
- Investors concerned over German banks’ exposure to southern Europe – Risk.net
- Buffett Predicts the Next Crisis – Motley Fool
- AIG’s problems far greater than Bush officials told public | McClatchy
- Federal Debt, Terrorism Considered Top Threats to U.S. – Gallup
- Letter from Berlin: Has Muddling Merkel Lost Her Touch? – SPIEGEL ONLINE – News – International
- German Judges Reject Request to Block Aid: High Court Refuses to Issue Injunction on Euro Bailout – SPIEGEL ONLINE
- Soros Says ‘We Have Just Entered Act II’ of Crisis – Bloomberg.com
- Guest Post: Bank Exposure To Bulgarian And Romanian Sovereign Risk | zero hedge
- Oy, Canada – Paul Krugman Blog – NYTimes.com
- The Underlying Problem was Never Illiquidity – Daily Reckoning
Tech Stuff