financial news

FT.com - Latvian contagion There will be contagion: Lithuania and Estonia at a minimum. bubbleinfo.com » Only The Shadow Gives you a taste of the extent of the shadow inventory overhang “Capitalism: A Love Story” « naked…

General Motors' car sales surge in China | Business | guardian.co.uk "GM sold a record number of cars in China last month, with sales up 55% so far this year." Latvian PM rules out devaluation "The worst of Latvia's…

I am off to a wedding today and through the weekend, so I will leave you with the links and one more post to come. I hope to hear from you all again on Monday.  Have a great weekend. Paul Kedrosky: Why I Love Venture Capitalists…

Hypo Needs an Extra $10.2 Billion to Survive - WSJ.com "German real-estate financier Hypo Real Estate Holding AG needs an additional €7 billion ($10.2 billion) in capital from the German government to stay afloat and won't…

The Alignment of Asset Reflation and a Collapsed Economy | Gregor.us "there is no macroeconomic recovery occurring in the United States. What’s unfolding currently is snap-back from last year’s crash, which led us to the bottom of…

La producción industrial cae un 13.1% y encadena 16 meses de descensos Spain's industrial production is still cliff diving. How are their banks able to withstand this catastrophe? FT.com - HSBC chief fears a second downturn Consider…

Bronte Capital: Are the Spanish banks hiding their losses? Looking at the American data John is dubious about Spain like Edward Hugh. It seems a bit hard to believe we could have a depression-like environment in Spain without a serious…

I am going to double up on links today as I have a lot that I have found with more sill to come tomorrow morning. Enjoy this lot.   Is the Swiss Health Care System a Good Model for US? - Gary Becker The Swiss health care system…

I am just getting back up to speed, so expect to see a few older links I flagged for myself but did not post in the past few days. Jobless rates rise in all U.S. cities in August | Reuters "Unemployment rates rose in all cities…

Stanford Puts $1 Billion in Assets on Block - WSJ.com "Stanford University, which lost a quarter of its endowment last year, has put on the block as much as $1 billion of hard-to-sell investments ranging from private equity to real…