Links: 2010-01-29

| 29 January 2010 12:00

Banks

  • Secret Banking Cabal Emerges From AIG Shadows: David Reilly – Bloomberg.com
  • A modest proposal: Double liability for bankers | VoxEU
  • immobilienblasen: "Enron-Esque Characteristics" Hiding An Even More Explosive Credit Growth In China
  • The Next Subpoena For Goldman Sachs – Simon Johnson
  • The man who walked away from Goldman Sachs – Fortune
  • Freedom of Information opt-out sought by banks – Independent.ie
  • Bail-in roundtable | The Economist
  • Lenders Pursue Mortgage Payoffs Long After Homeowners Default – Bloomberg.com
  • FT.com – Banks face up to mammoth clean-up task

    • Greece

  • FT Alphaville – Tracy Alloway – Who’s selling Greek CDS?
  • Funds flee Greece as Germany warns of "fatal" eurozone crisis – Telegraph  
  • FT.com – EU signals last-resort backing for Greece
  • FT.com – Mohamed El-Erian – Greece part of unfolding sovereign debt story

    • Economy and Finance

  • India Raises Reserve Requirement More Than Forecast – Bloomberg.com
  • Bernanke’s (new) Conundrum Negative Convexity | Bruce Krasting
  • FT Alphaville – Is negative convexity the new Bernanke conundrum?
  • FT.com – Japanese prices see record fall
  • Japan Forecasts Bond Sales to Swell 16%, Fueling Debt Concern – Bloomberg.com
  • Nationwide – 29 Jan 2010 – HOUSE PRICES MAKE A STRONG START TO 2010
  • MBA students see signs of job market thaw| Reuters
  • The Growing Underclass: Jobs Gone Forever – Economix Blog – NYTimes.com
  • Economist’s View: "Historical Look at the Labor Market During Recessions "
  • Hussman Funds – Weekly Market Comment: Inflation Myth and Reality – January 19, 2010
  • Davos 2010: George Soros warns gold is now the ‘ultimate bubble’ – Telegraph

    • Politics

  • FT.com – John Kay – How political ideology found a new world
  • Pretending To Be Stupid – Paul Krugman Blog – NYTimes.com
  • Wash., Oregon to get $590M for high-speed rail | Seattle Times Newspaper
  • Davos 2010: French president Nicolas Sarkozy attacks flaws of market capitalism – Telegraph
  • A limited speech by a constrained president | James Pethoukoukis
  • Pelosi Calls For Partial Freeze On Defense Spending – WSJ.com

    • Other

  • Right-handed and left-handed people do not see the same bright side of things

    • Today’s Bread & Circus feature: Gekko is Back but is he still greedy? (trailer below)

    avatar About Edward Harrison

    Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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    2 Comments

    1. avatar LavrentiBeria says:
      29 January 2010 at 20:27

      Reading the Times article, Growing Underclass: Jobs Gone Forever, one can’t help but be reminded of the inane and crassly insensitive showboating of the State Of The Union Address and the disingenuous pass ventured by our prevaricator in chief at a supposedly enduring solution: Support for community college education. Any idiot today knows that calls from politicians for assistance to the higher education are simply pass-throughs to the six-figure bureaucrats and professors that inhabit these precincts. Education for what, may I ask? For jobs that don’t exist and will never exist, jobs that are being provided to foreign workers on visas? Create the jobs first and then educate people to fill them, for God’s sake! One day the people are going to try the political filth that dress up and disseminate preposterous consmanship of this kind. It is of a piece with the type of mortgage contract that you may have purchased from those that have filled their campaign warchests.