Courtesy of Tyler Durden
- Federal Reserve urged to act on economy (FT)
- Weil: Foreclosure Fiasco’s Trail Leads to Washington (Bloomberg)
- Few Ready For Currency War (JAD)
- ECB’s Trichet Rejects Weber’s Call to End Bond Purchase Program (Bloomberg)
- Banks Face Mortgage Scrutiny as $49 Billion in Value Vanishes (Bloomberg)
- Homeowners in Limbo – Mortgage Mess Means Delays for Those Facing Foreclosure (WSJ)
- BOE Will Expand Stimulus by 100 Billion Pounds, CEBR Predicts (Bloomberg)
- The Recklessness of Quantitative Easing (Hussman)
- Why a Foreclosure Moratorium Is a Bad Idea (WSJ)
- Fast Yuan Rise Will Be Short-Lived (Reuters)
- Investors Bet Fed Action Will Bring Inflation (FT)
- Hedge Funds Succumbing to Mutual Funds’ Mediocrity (Bloomberg)
- Germany Bows to Call for Political Sway Over Euro Sanctions (Bloomberg)
- Income Inequality: Too Big to Ignore (NYT)
- U.K. Readies Cuts in Defense Outlays (WSJ)
- Goldman Pushes Its Image Rehab (WSJ)
- Benny & the debt – Bernanke could be replaying ’70s tune (Post)
- Tudor seeks shale gas deals (FT)
- Facebook in Privacy Breach – Top-Ranked Applications Transmit Personal IDs, a Journal Investigation Finds (WSJ)
- Obama seeks to rekindle enthusiasm of 2008 campaign (Reuters)
- Data theft overtakes physical losses (FT)
- Northeast Utilities to buy NSTAR for $9.5 billion (Reuters)
- Investors eye FX wars and budget cuts (Reuters)
- Business-Jet Rebound Delayed by Economy, Honeywell Says (Bloomberg)
- Krugman Misleads On Government Spending, Economic Growth (Weekly Standard)
- More sound and fury from Krugman – Rare and Foolish (NYT)
Economic data:
- Japan Nationwide Dept. Sales -5.2% y/y. Previous -3.2% y/y.
- Japan Tokyo Dept.Store Sales -3.8% y/y. Previous -3.4% y/y.
- Italy Current Account (mlns euro) for August 5044M. Previous 535M.
- UK Rightmove House Prices 3.1% m/m 2.9% y/y. Previous -1.1% m/m 2.6% y/y.