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Frontrunning: July 20
- Doubts over veracity of economic reports not helping to build confidence (Irish Times h/t Tim)
- CIT bailout means everything more expensive in the world, except dollar of course... that's plunging as usual, thank you for giving them the idea Rosenberg (Reuters)
- Oil at $65 (AP)
- Volkswagen drops most since December on report of Porsche delay (Bloomberg)
- Malcolm Gladwell: The psychology of overconfidence (New Yorker)
- Jamie Dimon vs. Larry Summers (Baseline Scenario)
- Paulson: A collosal lack of judgment (Alhambra Investments)
- According to Felix, the CIT "private" resuce is the end of the financial crisis (Reuters)
- How to turn a recession into a depression (Cato Institute)
- China prepares for credit bubble consequences (Hong Kong Standard h/t Harrison)
- KKR to merge with European arm (AP)
- Weekly economic and financial commentary (Wells Fargo)
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ah, its nice to have the great santelli back from vacation, putting the kabash on the communist talking head , stevo lies man
At least now we know, barring any outlier events, the level at which where the SP500 will close 2009. GS has called it. Just like they caused, oops called, the superspike in crude prices. Apologies that link is to CNBC.
http://www.cnbc.com/id/31774313
futures are up this morning. the goldman sachs squid is going to make karl denniger, eat it, on his short position this morning. damn, i thought denniger said many times he never leaves any position open over the weekend? oh well.
Funny how every Finance headline reads "Stocks up on CIT rescue."
Hmm, I missed the part where stocks fell on CIT fears...
Thanks for the New Yorker link.. Cayne's comment on
Geithner was priceless!