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Austerity in the UK and Other Links
Top Links Facing Deficit, Britain Unveils Emergency Budget - NYTimes.com Emergency Budget: George Osborne's austerity package haunted by spectre of 1981 | UK news | The Guardian The Usual Fare The Undeserving Unemployed -…
Dollar Recoups Losses, Yuan Pares Gains
Highlights The US dollar remains firm after yesterday’s recovery. New concerns about the funding needs of European banks have been sufficient to offset the stronger than expected German IFO survey. Euro support is seen in…
Hussman: Cliffhanger
The following is an excerpt from John Hussman's latest Weekly Market Commentary. I noted last week that we are closing in on a syndrome of indications that has always and only appeared during or immediately prior to recessions. At present,…
The Yuan Also Rises And Other Links
Joe Weisenthal, the title of this post is for you! Story of the Day: China's currency move China to Put Renminbi in a Currency Basket - Daily Reckoning Yuan appreciation not guaranteed - National Post Also See Marc Chandler's…
State and Local Government: What a Drag
The European debt crisis has thus far unfolded as a sovereign debt crisis. And the sovereign here is the national government. This is particularly true in Greece. However in the coming months, it may become clearer that local…
Impact of Yuan Flexibility on Chinese Companies
China's Ministry of Commerce is on the wires saying it will monitor the yuan reform impact on Chinese export companies. While China is a big exporter it is also a significant importer as well. The increase in the yuan's…
Meredith Whitney Comments on Housing Double Dip
Meredith Whitney was a guest host on CNBC at 8AM ET talking about an anticipated housing double dip. The videos are below. A few comments first. Whitney was late to the recovery party in 2009 in my view. But I found the recent Rip…
Portrait of the anonymous online poster
Check out the related article at the Globe below. Where are the gals, pray tell? Hat tip Tracy Alloway Source: Inside the mind of the anonymous online poster - Boston Globe
Latam Currencies Poised To Benefit From Yuan Move
Ideas that China will allow greater flexibility in the yuan, which for many means appreciation, will have positive impact on Latam currencies. The Mexican peso and Brazilian real are leading the advance with about 0.66% gain…
Lakshman Achuthan talking credit growth and recovery on Squawk Box
This morning ECRI's Lakshman Achuthan was talking about the recovery on CNBC. His take is that the recent slowdown in GDP growth is normal for the recessions since before World War II so far. If we dip even more from here, we have trouble.…