Friday, June 26, 2009

Frontrunning: June 26

  • Not surprisingly, Citigroup Japan caught manipulating markets again (FT and NYT) [because nobody, certainly not the SEC, cares about US market manipulation]
  • ...Speaking of the second biggest economy, no inflation here... in fact record price drop (AP)
  • China calls for dollar replacement (Bloomberg)
  • Almost a trillion in Obama stimulus paper finally trickles down to consumer (Bloomberg)
  • ...But not enough, as savings rate at 15 year record outpaces spending (AP)
  • Where is the gold? (HuffPo)
  • Jackson cancellations to hit AEG (BBC)
  • UBS drops just in time to raise shares, issue loss forecast (MarketWatch)
  • The perils of a smaller Wall Street (WSJ)
  • Will Larry Summers replace Ben Bernanke? (Fox Business)
  • Not enough audacity (Krugman)
  • Libor now a complete and total joke, crosses below 0.60
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