From "The Big Picture" blogDumping of US treasuries imminent, starting with Korea, says Burnick
Don Boudreaux interviewed (by a colleague) on his liberal econ book "Globalization"
"Not until total debt comes down to a realistic number can a real recovery take place. If debt is to be destroyed to that magnitude the deflation will be monstrous."
Mish: "Germany fears global meltdown"
Hutchinson: new financial system by 2013
Derivatives: Banking capital "insufficient to handle even one per cent of potential losses."
"Matt" on US M3, the money supply, inflation
California realtors report house prices collapsing (htp: Drudge Report, LA Times)
Skills shortgage hampering US job repatriation, says AT&T chief (htp: Drudge Report)
KPMG criticised for allegedly poor auditing of failed US mortgage firm (htp: Drudge Report)
2008 US durable goods report: semiconductors down sharply since New Year (htp: Karl Denninger)
Monty Guild: stock rally if mortgage bond market stabilises; invest in non-leveraged areas
