Links 6/10/09

Supreme Court allows Chrysler sale to Fiat Reuters

Speeding up brain networks might boost IQ New Scientist

ECB Official Warns on Europe’s Banks

Waving Goodbye to the TARP DealBook

Chart of the day: Household equity Felix Salmon (You can see the bubble-like rise and fall in equity. Pretty dramatic chart. You should notice the rise begins in 1997, demonstrating that the bubble began long before the recent past)

IMF tells Europe to come clean on bank losses Ambrose Evans-Pritchard (Translation: get your head out of the sand. Look at Germany with WestLB almost collapsing at the weekend, The Germans seem to think that because they had no bubble their financial system will be just fine. Not at all, weakness is all around in Europe: Germany, Denmark, Sweden, Spain, Ireland, the UK, Austria, Switzerland.)

German exports fall 29% in April BBC News

Joseph Stiglitz: Too Big to be Restructured Economist’s View

The hills are alive with the sound of Austrian bond auctions Tracy Alloway, FT Alphaville (It looks like nervousness over Eastern Europe is back and that’s bad for Austria, as they are the most exposed of Eurozone countries to lending in the CEE.)

Let Me Sleep On It: Creative Problem Solving Enhanced By REM Sleep Science Daily

More Firms Cut Pay to Save Jobs

Antidote du jour:

Yves here. Thank to Ed. A few additions:

Is this the end of real regulatory reform? The Deal

Obama rewards AT&T warrantless surveillance CEO Ed Whitacre with chairmanship of GM Corrente

Analysis: Asset managers on the march Gillian Tett and Aline van Duy, Financial Times (hat tip reader Don)

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About Edward Harrison

I am a banking and finance specialist at the economic consultancy Global Macro Advisors. Previously, I worked at Deutsche Bank, Bain, the Corporate Executive Board and Yahoo. I have a BA in Economics from Dartmouth College and an MBA in Finance from Columbia University. As to ideology, I would call myself a libertarian realist - believer in the primacy of markets over a statist approach. However, I am no ideologue who believes that markets can solve all problems. Having lived in a lot of different places, I tend to take a global approach to economics and politics. I started my career as a diplomat in the foreign service and speak German, Dutch, Swedish, Spanish and French as well as English and can read a number of other European languages. I enjoy a good debate on these issues and I hope you enjoy my blogs. Please do sign up for the Email and RSS feeds on my blog pages. Cheers. Edward


  1. attempter

    The Wall Street Journal is putting flesh on a story that's been emerging for the past week or so, and was pretty obvious before that: The White House is giving up on any real institutional restructuring in its regulatory reform proposals. Instead, sources within the administration say the effort will focus on convincing Congress to tighten up the rules, and eliminate the gaps.

    Yet more change nobody should have believed in.

    The same goes for the Whitacre example. More corporatism, universal hatred for the law and the constitution among the power elite, and just basic cronyism.

    Bush is dead, long live Bush!

  2. B. Mull

    Three thoughts on Whitacre:

    -Don't be buying a GM vehicle with OnStar.

    -His M&A experience may be helpful for selling GM to Ford.

    -"I'm not computer illiterate, but I'm close."

  3. ronald

    re: Too Big to be Restructured

    No plan B for the economy and nothing new on the horizon. Financial services (fees),new housing developments, automotive, define the politically connected along with the military/government complex producing little of real value other then greater debt.

Comments are closed.