Oil boom fuels mystery of the missing island in the Mexican Gulf Times Online (hat tip reader John D)
China’s Fat Banking Years Are Fading, And Risks Are Rising Michael Quigley
Recession perhaps not over Bubble Meter
Lehman leads the way in ‘lottery ticket’ rally Financial Times
Credit Rating Agencies Took “Bribes” for Higher Ratings Washington’s Blog
Antidote du jour:
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Yves-
Thanks for the China Stakes article. Increasingly it appears that the elites in China are in league with those in the USA in financializing the economy. Government backstops in both places to politically-favored businesses.
But at least in China they are avowed statists.