Commerzbank reveals toxic assets – BBC News Obviously, there are more writedowns to come. What does this say about what’s on Deutsche’s books? or UBS?
Fear and Greed – Mark Thoma this is a hilarious post and a must-read
Europe fetches the monetary helicopters, at long last – Telegraph Ambrose Evans-Pritchard has the scoop
More on robbing the US tax payer and debauching the FDIC and the Fed – Willem Buiter I love this guy. The title of the pos says it all.
FT.com | Willem Buiter’s Maverecon | The new toxic and bad legacy … more grist from the Buiter mill
Credit crunch will lead to oil shock warns consultant – Reuters I might have more to say about this later but I do believe peak oil is a real phenmenon
Collateral 101: How It Works at AIG and Elsewhere nice eplanation
China’s Big Threat – Bruce Krasting I see this as an interesting analysis. Not likely, but good out-of-the -box thinking
Blogs I now follow