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Links 08/21/2011

In Defence of PIGS – Telegraph Blogs Readers have asked for a quick verdict on the Merkel-Sarkozy deal. I have nothing to say. There was no deal. It was a vacuous restatement of clauses that already…

Links 08/20/2011

Bond markets signal 'Japanese' slump for US and Europe - Telegraph Why Obama faces an uphill run for reelection - The Washington Post Facebook’s ‘Like’ Button Declared Illegal In Germany…

Is the Fear Becoming Self-Fulfilling?

The dollar continues to remain firm against most of the majors; global stocks down sharp. Risk appetite took another turn for the worse; dollar bloc and scandis remain most sensitive. Outside the carnage in EM equities, funding strains are…

Links 08/17/2011

I will be blogging very sporadically over the next two weeks. But other writers will fill in some of the gaps in my absence. Part-time Britain hits record high as unemployment soars - Telegraph Staatsbank: Hypo…

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