I will be on RT TV America tonight at 1745 ET talking about the G-20 and the Deficit Commission. Tomorrow morning at 1200 GMT (7AM ET), I will be on BBC World News saying more about the G-20. I hope I have something positive to say because there is a lot of friction right now for a world economy in recovery. My view is that we could be headed for a multi-year recovery if the housing problems in the U.S. are and the Irish situation is worked out. In that sense, I am more optimistic. My baseline is starting to move toward this multiyear recovery view again. But there are headwinds.
The US Economy
- Fewer Foreclosures but Worries Increase | Credit Writedowns
- Deficit Panel’s Leaders Push Cuts – WSJ.com
- Let the Games Begin: Bowles-Stimson, Defense, and the Way Forward | Capital Gains and Games
- Where the Bubbles Are – NYTimes.com
- White House Gives In On Bush Tax Cuts – Huffington Post
- Interview With German Finance Minister Schäuble: ‘The US Has Lived on Borrowed Money for Too Long’ – SPIEGEL ONLINE
- GOP Victory May End Government Economic Intervention – TheFiscalTimes.com
Ireland
- FT Alphaville » From Ireland to €2,000bn of eurozone contagion
- German Press: EU forges Emergency Plan for Ireland bankruptcy | Credit Writedowns
- How the Irish can prevent a bank crisis from becoming sovereign default | Credit Writedowns
- RBS Falls on $68 Billion of Ireland Loans and Sovereign Debt, Analyst Says – Bloomberg
- State will not charge for guarantee – Irish, Business – Independent.ie
- Total nationalisation of AIB looms as bond yields hit 8.7pc – Irish, Business – Independent.ie
- Immense Staatsschulden: EU schmiedet Notfall-Plan für Irland-Pleite – Politik – International – Handelsblatt.com
- Presseschau: „Irland ist faktisch insolvent“ – Magazin – Presseschau – Handelsblatt.com
QE
- Just What is Bernanke Up To? | Credit Writedowns
- Let’s talk about QE, inflation, and consumer demand | Credit Writedowns
- Gonzalo Lira: The Boiling Frog: Effects of QE2 On The Bottom 80% of the U.S. Population
Capital Controls
- New Rules for Hot Money by Nouriel Roubini – Project Syndicate
- Stiglitz urges capital controls to curb hot money| Reuters
The Usual Fare
- New Economic Perspectives: Is there a zero bound? The “mysterious” world of negative nominal interest rates.
- FT Alphaville » Moody’s didn’t get the memo re: China
- interfluidity » Moral heuristics, public policy, and self-defeating tribalism
- BBC News – Inflation ‘is higher for elderly’
- Dollar Flat, Euro Heavy | Credit Writedowns
- BBC News – China’s inflation rate hits a two-year high
- BBC News – Spain’s economic recovery stalls
- Gerhard Schroeder accuses George W Bush of ‘not telling truth’ in memoirs – Telegraph
- interfluidity » Tragedy of the technocrats
- New Film: Eliot Spitzer’s Main Escort Now a Commodities Trader – Deal Journal – WSJ
Tech Stuff and other links
- BBC News – Fox TV joins US networks to block Google TV
- Flip UltraHD (3rd gen) review | Flip UltraHD review | Camcorders | Reviews | PC Pro
- Why You Should Use AppBrain to Install and Manage Your Android Apps – Lifehacker
- Nexus One Hacked To Support T-Mobile WiFi Calling – Mobile Crunch
- Tottenham Has Full-Year Loss After Adding Players to Make Champions League – Bloomberg
Read more: https://www.creditwritedowns.com/news-feed#ixzz150bZBf5k