Follow WallStreetBlips on Twitter
Pink picks
FT Alphaville —
... By the end of the decade they may be close to representing 20 per cent of global GDP. This is dramatically higher than any of the four scenarios we considered in 2001 when I first wrote about the likely emergence of the Bric economies. Rather than suggesting our Bric dream may be derailed by the global recession, the notion that the Brics can become collectively bigger than the G7 by 2035 is becoming more plausible. David Hale - There is only one alternative to the dollar The clear alternative to the dollar in 2009 is not other currencies but that ancient form of money: gold. ...
Links 1/6/08
naked capitalism —
... There is only one alternative to the dollar David Hale, Financial Times. For the record, my Japanese buddies (who among them control a huge amount of investment funds) argue that this is rubbish, the amount of gold is too small for it to serve as a meaningful money alternative. ...
Wednesday morning links
The Mess That Greenspan Made —
TOP STORIES Obama Said to Favor $775 Billion for Stimulus Plan - Bloomberg There is only one alternative to the dollar - Financial Times Lawmakers set new mortgage bankruptcy bill - Reuters US auto sales plunge whopping 36 percent in Dec. - AP Willem Buiter warns of massive dollar collapse - Telegraph US will emerge as undisputed top dog in 2009 - Telegraph Bankruptcy filings jump by one-third in 2008 - AP Prechter Sizes Up Gold in Deflation - GoldSeek Why didn't SEC catch on to Madoff? ...
