Frontrunning: March 8

• Here comes the EMF (Telegraph)
• "On the edge" banks facing writedowns after FDIC loan auctions (Bloomberg)
• From Greece back to Dubai - Dubai World to seek loan delay in talks, banker says (Bloomberg)
• Eurozone faces two-class future after Greece (Reuters)
• Finding FINRA's failures (Barron's)
• Why a restructuring of the PIIGS will require a restructuring of Germany (Brown Brothers)
• Brazil raises tariffs on 102 US goods in WTO fight (Bloomberg)
• Sleepless-in-Zurich ABB CEO bunkers cash amid European "angst" (Bloomberg)
• Talking has, for now, done its job as CDS fall to 6 week low on Greece, Dubai (Bloomberg)
• Big bank oversight to stay with the Fed (FT)
• Fleckenstein: Foreign versions of our coming crisis (MSN)
• When interest rates rise, don't be surprised how low markets can go (Forbes)
• The jobs pictures is even worse than it appears (RCM)

Comments

[Anonymous]

Graph: All the Money Went to the Richest Americans

http://www.youtube.com/watch?v=rjOTPXfH3vE

[Anonymous]

While labor costs have grown much faster in the so called PIIGS then in Germany over the last decade. They are still much lower on nominal basis. Labor costs in Greece are only about two thirds of Germanys.

[lsbumblebee]

Looks like the Cartel no longer cares to bother us with even a pretense for the drop in COMEX gold, as the USD is dropping right along with it this morning.

[hedgeless_horseman]

Yea, but look at GS go dog go!  Bless the banks and their prop trading.  Just goes to show you, always invest in yourself first.

[Mr Lennon Hendrix]

OK, so, the IMF gold.........it will be sold at $1125.........to whome?  IDK that piece (everyone says China, and I agree they are/were the frontrunner, but it seems like the IMF is questioning if they should sell it to them.  They say, "Prove yourself China!  Buy some bonds!"  haha), but the price on that gold is $1125.  So, once agian, did someone just buy the gold?  Who bought the damn gold?!  China?  The House of Saud?  Brazil?  Canada?  Germany?  Australia?  Japan?

[fuu]

Your purple prose gives you away.

[Anonymous]

The Financial Times Deutschland reported yesterday
before the media blitz that the EMU has already been
shelved....

[mark456]

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