financial news

Link of the Day Time to Slip into Something Less Comfortable? – BusinessWeek The Usual Fare England 1-1 USA | World Cup Group C match report | Football | guardian.co.uk FDIC: Press Releases - East West Bank, Pasadena,…

Must-read: On China, Trade and Protectionism (more on this in the next post) FT.com - China export surge stirs US anger The Usual Fare FT.com - Gillian Tett - Europe’s antipathy to stress tests is well founded EconomPic:…

Topic of the Day: Spain Spain: labor market reform talks fail - CNBC Spain Sees Solid Demand for New 3-Year Bond – CNBC El empleo pblico aumenta un 5,3% en plena crisis - ABC.es The Usual Fare SEC Investigation of Goldman…

Must-Read Blog Prophet of Euro Zone Doom - NYTimes.com The Usual Fare BBC News - Finland in double-dip recession Sarkozy, Merkel urge faster EU curbs on speculation - National Post BP well may be spewing 100,000 barrels a…

Must-read: Spain and German austerity The World from Berlin: Merkel's Austerity Program Is 'Faint-Hearted and Unbalanced' - SPIEGEL ONLINE - News - International BBC News - German cabinet backs Merkel fiscal austerity plan…

Highlights The US dollar eased in Asia as a modicum of an appetite for risk returned, but the greenback rebounded in the European session.   The euro returned to the $1.19 area after being unable to rise above the $1.20…

Must read: Austerity is the new Black Cameron Warns Britons of 'Decades' of Austerity - NYTimes.com BBC News - Out with Keynes, in with Hoover? G-20 Clash Over Recovery Risks ’Sub-Potential’ Growth - Bloomberg.com FT.com -…

By Marc Chandler of Brown Brothers Harriman Highlights The US dollar has seen its initial gains scored in Asia pared, but the risk is that North American players resume the buying of the greenback.  The euro initially fell to about…

Must-read: The paradox of public thrift FT.com - Edward Chancellor - The dreadful potential of frugality The Usual Fare Black Flight is the New Worry for Detroit - WSJ.com Sieben Menschen: Staatsziel sparen - so fühlt sich…

Must Reads: Mark Thoma Economist's View: Things are Different at the Zero Bound Economist's View: It Wasn't Fannie, Freddie, or the CRA Bank Failures FDIC: Press Releases - Great Western Bank, Sioux Falls, South Dakota,…