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Even More Sobering Unemployment Readings
naked capitalism — ... Compared to that, Mohammed El-Erian of Pimco sounds almost cheerful, but he too thinks the labor market data is worse than the headlines suggest, and echoes many of Rosenberg's themes. From the Financial Times: ...

Pink picks
FT Alphaville — ... For Henry II, king of England in the 12th century, the troublemaker was Thomas Becket, his own choice as archbishop of Canterbury. For Mr Brown, it is Mervyn King, whom he has reappointed to an equally impregnable position. The parallel is clear: central bankers are cardinals in the cult of monetary stability. Becket was murdered. Mr King will not suffer that fate. But a later king of England brought the church and his archbishops to heel. Could the Bank suffer a similar fate? Mohamed El-Erian: American jobs data are worse than we think What if the US unemployment rate rises ...

links for 2009-07-03
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —

Friday links: the factor of chance
Abnormal Returns — ... There was a time when banks bailed out the US and not the other way around.  (The Reformed Broker) How AIG Financial Products brought down the global economy.  (Vanity Fair, Felix Salmon) The markets want a real turn in the economy.  (Breakingviews) High unemployment may be with us for awhile.  (FT, The Atlantic) A surge in inflation is off the ...

Happy Independence Day
UpsideTrader — ... started with the bank stocks , more choreography from the liars. Gimme back my nest egg, a new look at the capital gains tax . Peggy Noonan on our founders and our greatest living historian. Did the EPA gag a climate skeptic? Time for Israel to blast Iran? The meaning of Ricci . This is no wonder when Pelosi spends a day in Afghanistan and six in Italy,maybe there’s a crisis in Lake Como. Payrolls and unemployment suck. El- Erian says job data is worse than we think. Is there more to the Palin ...

July 4th Weekend Linkfest!
The Big Picture — ... Economy • A second half recovery is suddenly not a sure thing (Marketwatch)  Um, it was never a sure thing — and quiet a few of us pointed out it was hardly even a likely possibility. • American jobs data are worse than we think (FT)  Mohamed El-Erian is not a green shoot believer . . . • Tourists Usually In Spain Stay Mainly Off The Planes (NPR)  Love the hedline • Dollar Is Buoyed by Weak Jobs Data (WSJ) And yet, when the going gets tough, its where everyone flocks… • ...

Greed. A Lesson In American History
The Wild Investor - Stock Market Advice and Education — ... pumped for the week and dare I say “disruptive” 3rd quarter? Motley Fool looking to open a mutual fund. Good idea? (Howard Lindzon) 5 stocks to bet against. Shorters on alert. (Barrons) Why Canadian banks don’t have their own version of Girls Gone Wild. (The Big Picture) India joins the bandwagon. U.S racking up dollar haters. (Bloomberg) Still don’t see why people are saying the job market is getting better. Actually getting ...