Friday, October 28, 2011

Links: Euro Deal, Greek Banks, Dalio, Chanos, Birinyi, S&P's Biggest Monthly Gain Since 1974

Greek Bank Investors Facing Wipeout (Bloomberg)

China on ‘Bigger, Faster Treadmill’: Jim Chanos of Kynikos Associates (Bloomberg, Video)

Italy 10-Year Auction Yields Hit New Euro Lifetime High (Reuters)

Goldman Economist Says Chinese Inflation ‘Basically Controlled’ (Bloomberg)

S&P 500 Extends Best Month Since ’74, Euro Rises (Bloomberg, Carpe Diem) *see monthly candlestick chart below

There's A 30% Chance Of Another Global Downturn - Bridgewater Founder Ray Dalio (WSJ, sub)

Video of Ray Dalio on Charlie Rose (CharlieRose.com)

Risk on the rise as political leaders give in to mob rule (Financial Times)

The Great American False Dilemma: Austerity vs. Stimulus (Gregor.us)

Birinyi Associates: Market at Extreme Overbought Levels (CNBC)

Albert Edwards: "The Eurozone Crisis Will Get Much, Much Worse" And "The ECB Will Print" (Zero Hedge)


All about the euro plan, Greek bond haircut and Greek CDS

EURO SUMMIT STATEMENT - 10/16/2011 (consilium.europa.edu PDF)

The euro deal: No big bazooka (Economist)

EU Bank Debt Plan May Struggle to Thaw Funding Market (Bloomberg)

Europe bailout fund chief sees no quick China deal (Reuters)

China could play key role in EU rescue (Financial Times)

Euro deal leaves much to do on rescue fund, Greek debt (Reuters)

IFR-Dealers reassess value of sovereign CDS after Greece plan (Reuters)

Mandatory Greek CDS Post (Dealbreaker)


More

Rare Earths: Alaska’s Billion Dollar Mountain (BusinessWeek)

Videos: Hugh Hendry Speaking at LSE (Zero Hedge)

MF Global Draws Down on Credit Lines (Bloomberg)

MF Global's Pressures Mount (Wall Street Journal)

Wall Street Isn't Winning – It's Cheating (Matt Taibbi at Rollingstone)

Can’t Decide Between a Private Island or a Mega-Yacht? Get Both in One (Discovery) (check out this Tropical Island Yacht with a built-in lagoon, h/t Mike Elgan on G+)


Source: FreeStockCharts.com (biggest monthly gain)

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