In-depth analysis on Credit Writedowns Pro.

Links: 2012 05 25

Unfortunately I don’t have the time to do a proper daily commentary. But here are the links.

Beware hidden costs as banks eye ‘Grexit’ – FT.com

A parallel currency for Greece? | Gavyn Davies

Europe’s slump deepens as Kabuki summit falls short – Telegraph

Resilient China: How strong is China’s economy? | The Economist

Artur Mas, el rescate de Cataluña y los nervios del mercado sobre España – elEconomista.es

Spanish Lender Seeks State Aid – Ratings Cut on 5 Banks – NYTimes.com

4th straight record low for mortgage rates – Lansner on Real Estate : The Orange County Register

9,200 OC homes worth half their mortgage – Lansner on Real Estate : The Orange County Register

Review & Outlook: A Mess the 45th President Will Inherit – Taxpayers now stand behind derivatives clearinghouses – WSJ.com

Analysis: China’s new privatization plan faces push-back risk | Reuters

BBC News – Weak rupee hitting Indian economy

Greek euro exit flowchart: what happens next | Business | guardian.co.uk

When Romney Messes Up and Tells the Truth About Austerity | | New Economic PerspectivesNew Economic Perspectives

JPMorgan Gave Risk Oversight to Museum Head Who Sat on AIG Board – Bloomberg

HSBC Preliminary May China PMI Falls, Signals Further Slowdown – WSJ.com

China targets infrastructure to lift economy, report says | Reuters

Slow and steady Mexico draws equity bets over Brazil | Reuters

BBC News – Six reasons why India’s rupee is in freefall

BBC News – Bankia shares suspended amid bailout request reports

Nationalised Spanish lender Bankia ‘to ask government for more than €15bn’ – Telegraph

Moody’s downgrades three big Nordic banks | Reuters

Former Lloyds head of fraud and security Jessica Harper charged over £2.5m fraud – Telegraph

About 

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 and reads another five, skills 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. Edward also writes a premium financial newsletter. Sign up here for a free trial.