News from around the web: 2009-10-10

"GM sold a record number of cars in China last month, with sales up 55% so far this year."

"The worst of Latvia’s recession is now over, the country’s Prime Minister Valdis Dombrovskis has told the BBC. He ruled out a devaluation of Latvia’s currency and said the Baltic state was now on target to meet European Union budget deficit limits."

"Government programs to fight the U.S. home foreclosure crisis look increasingly inadequate and should be reworked, expanded and supplemented with new ideas, a congressional watchdog said in a report on Friday."

"The US slipped from first to third place, behind the UK and Australia."

This is certainly not good news for Americans

Look at this through the eyes of protectionism

No. Gregor thinks it is a surge of liquidity. Rosenberg would have a fit.

Expect America to fall further behind with local and state government cuts.

The low-end is hot. The high end is not…at least in San Diego. Stimulus-induced.

Is this the Tiger Woods effect? he was injured in 2009 though.

Consultant gives Citi a clean bill of health for management despite disaster. Doesn’t make a whole lot of sense unless you are looking to get more fees from Citi.

They are talking about birds here. But could it apply to human beings too? Hat tip Yves Smith.

This seems spurious

Distraction of the Day:  Beer bottle baby turning heads

(video embedded below)