Lunchtime Links 11-29
UAE moves to counter Dubai fallout but markets wary (Dokoupil/Kiwan, Reuters) “Case by case” help from Abu Dhabi probably isn’t what Dubai creditors were hoping for…
Dangers of an overheated China (Cowen, NYT) We’re mostly worried about Chinese economic strength these days, but the Chinese economic miracle looks a lot like a manufacturing bubble being propped up with stimulus and easy credit. If it pops, China may have to direct more of its reserves to domestic spending priorities, potentially driving up U.S. rates.
Mark Pittman, reporter who foresaw subprime crisis, dies at 52 (Ivry, Bloomberg) Pittman also led Bloomberg’s FOIA fight against the Fed.
Excerpt from The Buyout of America (NPR) Discussing another credit tsunami bearing down on the economy…
Video Professor is a scam (Arrington, TechCrunch)
Goldman’s profit is Citi’s pain (Adams, NakedCapitalism) The monolines were opposite Citi’s trades while AIG was opposite Goldman’s. Monoline counterparties were forced to take writedowns while AIG’s were made whole. So is Goldman really smarter than Citi? Or just luckier?
Chart suggestions (imgur)
The man who smuggled himself into Auschwitz (Broomby, BBC)
Twilight in one minute (YouTube) I like the showdown….
Dog struggles with screenless door….