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Frontrunning: February 22
- The deflationist: a profile of Paul Krugman (New Yorker)
- China new village makes Chanos see Dubai times 1,000 (Bloomberg)
- Goldman cranks up p.r. engine to turn sinner into saint (Post)
- Hey recovery.gov, The "stimulus" actually raised unemployment (IBD)
- Another one jumps on the bandwagon - Nathaniel Rotschild calls for ban on sovereign CDS (Les Echos (in french), via DealBook)
- Euro worst to come as Greece hammerlocks ECB on rates (Bloomberg)
- Bernanke can tell congress he stiffed banks (Bloomberg)
- The woman behind Greece's debt deal (WSJ)
- Bailout anger undermines Geithner (WSJ)
- Don't believe the hype - Wall Street cautious despite strong earnings (Reuters)
- More on an order cancellation tax: exchanges now make $500 million a year for just reporting quotes (Themis Trading)
- The Bush syndicate chimes in - Brown Brothers Harriman on China's bond sales (BBH)
- Millions of unemployed face years without jobs (NYT)
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Quote of the Day
The euro was a unique and unusual construction whose viability is now being tested. The construction is patently flawed. --George Soros
http://www.ft.com/cms/s/0/88790e8e-1f16-11df-9584-00144feab49a.html?ncli...
Rofl, that Krugman article portrayed him as a humble guy who lives in a small home by referencing the size of his condo. They conveniently ignored his giant million dollar Mansion in Princeton he owns.
http://tax1.co.monmouth.nj.us/cgi-bin/m4.cgi?&district=1110&block=8101&l...
+1
Yeah, he is just a regular guy!
.
Also, more of a politcal hack than economist!!! Hey boys, lets just spend our way to prosperity and wealth!
Paul Krugman. Just a regular guy who likes to hang out with his cats.
Has anyone done more damage to economic thought in the last 10 years than that dunce Krugman?
yeah, krug is a blowhard and so was that article.
All Greece (and Iceland) have to do is say is FU. The Fed will roll in with money through the back door and structure it so that it looks like they are meeting their obligations.
How long can the Fed keep it up, as long as we believe!
A new advisory being sent by America’s third largest bank to its account holders has stoked fears that major financial institutions could be preparing for old fashioned bank runs if the economy takes a turn for the worse.
Originally reported by John Carney over at the Business Insider website, Citigroup is sending the following information to customers along with their bank statements.
“Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change.”
"I think this crisis is ‘much ado about nothing.’"
your thoughts betray you, sir nathanel
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