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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…

You probably have heard about the Saturday Night Live skit poking fun at President Obama for allegedly not leaving a very robust list of accomplishments behind after 9 months in office.  So, without further ado, here it is. NPR says:…

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 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…

Janet Tavakoli was a recent guest on “On the Edge with Max Keiser” and had some troubling things to say about the state of the present U.S. financial system.  She believes the liquidity pumped into the system will not be sufficient…

This is how the famed investor and Chairman of Tiger Management began an interview with CNBC yesterday. Yes, the recession is probably over, he says.  But, in his view there is likely to be problems going forward because the U.S. has…

In what is shaping up to be a common occurrence at these global meetings, protesters are shaking things up.  My understanding, however, is that there are more police on hand than protesters.  Rubber bullets, pepper spray and tear…

I will be at the Clinton Global Initiative Forum all day today, so I doubt there will be any posts until this afternoon.  For Canadian readers, I am doing a TV interview at 12:30PM ET on BNN on Obama’s relationship with Wall Street.…

The most newsworthy item in this clip is Emanuel saying that the healthcare bill cannot pass the Senate with a public option. Along those lines reports are now coming out that the Obama Administration is negotiating with Senator Olympia…

Pay rules may prompt Goldman to shed bank charter | Reuters "Some investors believe Goldman Sachs Group Inc may try to shed its commercial banking charter to sidestep U.S. government efforts to rein in exorbitant Wall Street…