U.S. deficit reduction committee updates (11/20/2011): No deal in sight on U.S. budget cuts ($1.2 trillion) (Globe and Mail), Debt-reduction panel spirals toward failure (Reuters), U.S. Debt Supercommittee Said Ready to Announce Failure (SF Chronicle), Deficit Effort Nears Collapse (WSJ), The Super Bad Committee's Quest to Weaken the Economy (PragCap), US 'super committee' on spending cuts admits its heading for failure (Telegraph)
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| via MF Global on Youtube |
JPMorgan, Goldman Sachs Sued for Alleged MF Global Misstatements (as well as "Bank of America Corp.’s Merrill Lynch unit, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., RBS Securities Inc. and Jefferies & Co.") - BusinessWeek
"Iran's oil minister says oil could be used as a political tool, if necessary." - Al Jazeera English
China Property Prices Record First Fall Since Cooling Campaign - WSJ (sub/summary)
China House Inflation Hits Year Low, Prices Fall - CNBC
China Said to Warn Banks on Risks Tied to Local Government, Property Loans - Bloomberg
China says will "strengthen" yuan's trading flexibility - Reuters
Yes, it’s legal for the European Central Bank to save Europe (Lisbon Treaty says the ECB can buy sovereign debt on the secondary market, but not directly from governments) - Washington Post
ECB Lending To IMF Proposal Gaining Traction - Sources - WSJ (sub/summary)
ECB as "the blue guitar" - Bathos on Econ and Trading
General Maritime - Not What The Banks Needed - Zero Hedge
Mattress Firm Holding Corp. Closes Up 15.8% Post-IPO - WSJ (sub/summary)
Clearwire’s Debt Threat May Be ‘Ploy’ to Win Sprint Agreement - BusinessWeek
Clearwire Down 28% As Firm Mulls 'Skipping' Interest Payment - Zero Hedge
Bill Miller's exit marks fresh start for Value Trust fund (Legg Mason) - Baltimore Sun
