October 7, 2009

Stephen Roach: “Until – or unless – the world is willing to empower a new architecture with effective and robust policy tools, it is hard to believe that the days of global rebalancing are finally at hand.” – FT

Edward Harrison: “The Swedish government has secretly been preparing the banks for financial Armageddon.” – Naked Capitalism

Nils Pratley: “In the jargon, buying gold is now a crowded trade.” – Guardian

Britain came close to nationalising Royal Bank of Scotland last autumn – Bloomberg

Eric Schmidt admits: Google paid $1bn more than Youtube was worth – CNET

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