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Plan "B"
Markets are looking ugly around the globe. Investors are voting on the bailout plan with their feet. The crisis is now accelerating. This is a speech I'd like to hear either one of the candidates give. The man who expresses these views (or something close to it) gets my vote: > My ...
FT.com / Columnists / Wolfgang Munchau - The case for a European rescue plan
ft.com — This has been a week of self-congratulation in Europe. We have saved a handful of banks. We... have, in effect, started to cut interest rates. We even had a summit of European leaders that produced warm words of solidarity. It looks as though the ... (more) FT.com / Columnists / Wolfgang Munchau - The case for a ...
BBC NEWS | The Reporters | Robert Peston
bbc.co.uk — Rescue plan due in hours The Government is poised to announce details of a comprehensive rescue package... for the banking system. It will include a proposal to inject capital into banks and to provide a standby facility to ensure our big banks have ... (more) BBC NEWS | The Reporters | Robert Peston
Fed Watch: Where Is The Rate Cut?
economistsview.typepad.com — Tim Duy says the Fed may not cut the target interest rate at its next rate setting... meeting: Where Is The Rate Cut?, by Tim Duy : On the surface, the case for a rate cut seems obvious. But, despite an extraordinary and historic two weeks on Wall ... (more) Fed Watch: Where Is The Rate Cut?
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Monday links: a global gutting
Abnormal Returns — ... they stopped working.  (Infectious Greed) Russian oligarchs are taking it on the chin as commodity prices reverse.  (Jeff Matthews) Factors that caused the financial crisis.  (Marginal Revolution) Employment figures keep getting revised downward.  (Econbrowser) Plan B for the economy.  (Big Picture) Thanks again to every one who has donated to Abnormal ...

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