News

Below are the main stories I wish to highlight. There are a bunch of others in the newsfeed. The return of capital controls - Willem Buiter's Maverecon Fed cuts U.S. growth view and considers inflation target | Reuters Bank of England…

Below are the main stories I wish to highlight. There are a bunh of others in the newsfeed.

Eastern European currencies crumble as fears of debt crisis grow - Ambrose Evans-Pritchard, Telegraph CDS report: Emerging exposures hurt banks - FT Alphavile 'Drunk' Japan minister to resign - BBC News Schwarzenegger Prepares to Layoff…

Burris Says Was Asked to Raise Funds for Blagojevich - Bloomberg.com Just how big are the UK banks - UK Bubble (Alice Cook is all over this one -- and it's not just about RBS. Thanks for the link, Alice.) Royal Bank of Scotland paid…

A Glance At The Upcoming Eastern European Cataclysm - Zero Hedge Jim Rogers on Wall Street Maseratis - Tim Iacono Rio's Chinese takeaway - smh.com.au Rescue plan for Ireland's banks - BBC News Put Call Ratio Suggests a Market…

Yesterday and today, the heads of British banking institutions face the music in Westminster before a live camera. Yesterday's proceedings were fairly dramatic as I suggested in my post HBOS and RBS get a right bollocking. There has been…

Report 44 — The Obama Watch (A new blog that I like) Geithner plan disappoints investors - Telegraph Bad debt leads to big loss at UBS - BBC News Bond market calls Fed's bluff as world falls apart - Ambrose Pritchard-Evans, Telegraph…

Bloomberg set to cut foreign-language channels - Telegraph Paterson Leaks Intended to Smear Kennedy -- Political Wire Russia's debt rating downgraded by Fitch - National Post Martin Wolf - Why Davos Man is waiting for Obama to save him -…

Twitter, Communication, and My Intermittent Inner Luddite - naked capitalism (Yves Smith doesn't like the always on culture. Neither do I. I use all the new media but I have similar misgivings about them) Fin24.com - SA house prices…

Happy Groundhog Day. By the way, the word on the street is that Germans who came over to Pennsylvania wanted to use hedgehogs in this mythical are-we-going-to-have -six-more-weeks-of-winter ritual. But, because there are no hedgehogs, they…