Yishai sent us this (by way of Glenn Reynolds at Instapundit): Foreign Central Banks Going for the Gold
RBS tells clients to prepare for ‘monster’ money-printing by the Federal Reserve. Here is a quote: “We cannot stress enough how strongly we believe that a cliff-edge may be around the corner, for the global banking system (particularly in Europe) and for the global economy. Think the unthinkable.” (Thanks to Brian B. for the link.)
S.M. sent this: Biden: We Can’t Recover all the Jobs Lost
Items from The Economatrix:
Derivatives Blow for Wall Street Banks Under Historic US Reforms. Translation: The congresscritters don’t understand derivatives, and the legislation will do little to prevent a massive derivatives implosion that is likely in this decade.
The Next Catastrophic Bubble to Break Will be Private Sector Debt.
Extend And Pretend: A Matter of National Security
Scrambling for Votes on Wall Street Reform
The Market Goes Under Full Anesthesia