- Horrendous GE numbers, expect a whole lot of nonsense from CNBC today - here is also why GE Capital is praying for a CIT bankruptcy (Bloomberg and Reuters also Zero Hedge)
- Chinese bond troubles: the most data-manipulative country unable to sell bills for third time in two weeks (Bloomberg)
- California budget talks collapse, junk downgrade approaching (Bloomberg)
- Dismantling the Temple: How to fix the Fed (The Nation)
- And no green shoots here either: Bank of America credit losses soar (Reuters)
- Paul Krugman: The joy of Sachs (NYT)
- Manhattan retail storefronts hit highest vacancy rates since 2001 (Bloomberg)
- Larry Kellner, CEO of Continental Airlines to step down (AP)
- From inflation targeting to price level targeting (Morgan Stanley)
- CIT still fighting to stay out of bankruptcy (AP)
- AIG swaps may take decades to expires leaving a "toxic pool" (Bloomberg)
- The Long-Term budget outlook (CBO Blog, h/t Saul)
- Steve Forbes: Washington still abusing the economy (Forbes)
- Is China the next bubble? (Wells Fargo)
- More PIMCO propaganda: Rising tide to choppy waters (PIMCO)
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