Frontrunning: September 8

  • Gold rallies past $1,000 an ounce on momentum and dollar  (Reuters)
  • Dollar falls to 11 month low, Bernanke will not be satisfied until it hits 0 (FT)
  • Oil follows gold higher as dollar gets hammered (AP)
  • And another nail in the USD's coffin: Beijing issues first 6 billion, non-dollar denominated renminbi bond sale (FT)
  • The next financial crisis: It's coming and we just made it worse (New Republic)
  • UN wants new global currency to replace dollar (Telegraph)
  • European countries call on G-20 to curb banker bonuses (USA Today)
  • Public or private, excessive debt must eventually be lanced (Telegraph)
  • Michael Moore declares all-out war on capitalism (LA Times)
  • Time running out for bipartisan health compromise (AP)
  • Broken record: LSE welcomes HFT as source of liquidity (FT and LSE)
  • Regulators agree tough rules on bank capital (FT)
  • Bernanke: Central bankers' Bob The Builder (Merk Mutual Funds)
  • RBS hires Goldman to seek buyer for aircraft-leasing unit. They should consider trouble free and Goldman Conviction Buy Textron (WSJ)
  • Update on "A Tale Of Two Depressions" (Vox, h/t Geoffrey)
  • Bankers and beavers (Cumberland Advisors)
  • McDonald's loses trademark fight against McCurry; McMansion still available (AP)