- Debt Pyramid Scheme Now the Norm in America (Bloomberg)
- Mortgage-Bond Math Means Everyone Is a Winner (Bloomberg)
- Congressman Paul Says Fed Transparency is His Goal (Reuters)
- Drama needed to jolt Americans into tackling debt (FT) good luck
- The Chinese are playing grandmaster chess against an amateur America that can’t see beyond the second move (Weekly Standard)
- Soros Gold Bubble at $1,384 as Miners Push Buttons (Bloomberg)
- The Case Against Floating Currencies (WSJ)
- Video: 60min on the Muni Crisis with Meredith Whitney (Mark's Market Analysis)
- ECB Raises Fears Over Irish Rescue Deal (FT)
- China Eyes to Curb Excessive Growth in Land Price (China Daily), but preferrably without taking any action whatsoever: hint - soft landing
- Derivatives Rules Raise Concerns in China's Nascent Swap Market (Bloomberg)
- BOE Forecast to Raise Interest Rate Within Six Months, CBI Says (Bloomberg)
- Congress seeks government funding through March 4 (Reuters)
Economic Highlights:
- Baltic Dry drops 2.2% to 1,955
- Euro-Zone Current Account nsa for October-2.3B Previous -9.2B Revised -8.5B
- ECB Euro-Zone Current Account SA for October -9.8B Previous -13.1B Revised -9.7B
- Euro-Zone Consumer Confidence for December Consensus -9.0 Previous -9.4
- Germany Producer Prices for November 0.2% m/m 4.4% y/y lower than expected Consensus 0.3% m/m 4.5% y/y Previous 0.4% m/m 4.3% y/y
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