Worthwhile Reading

November 9, 2008 12:00pm by

Not quite a full linkfest, but some very intriguing articles:

Politics & Elections

• Obama Grabs Headlines – Newspaper front pages from around the globe, November 5, 2008

• Great expectations (The Economist)

• Obama Is Seen Inheriting Worst U.S. Recession Since Reagan Era (Bloomberg)

Markets / Trading:

• Wall Street Lays Another Egg by NIALL FERGUSON (Vanity Fair)

• The Obama Market: What’s Hot, What’s Not (Barrons)
Sectors likely to be helped — or hurt — under the new administration.

• How the Thundering Herd Faltered and Fell (NYT)

• WORST TWO DAY DECLINE SINCE THE ’87 CRASH (Bespoke)

• Obama May Inherit Bull Market After $6 Trillion Loss (Bloomberg)

• Bonds Priced for Depression Beat Stocks (Barrons)

• Prof Jeremy Siegel’s Strange Claim: “Stocks Are Dirt Cheap” (Clusterstock)

• Boone Pickens Almost Entirely in Cash; Fidelity Job Cuts; Legg Mason Stock Craters

• Investors Lick Wounds From Dividend Cuts (WSJ)

• Fannie and Freddie by the Numbers

Economy:

• Unemployment Hits 14-Year High (NPR)

• China Announces $586 Billion Stimulus Package (WSJ)

• Retailers Report a Sales Collapse (NYT)

• Non Farm Payroll: -651,000 over the past 3 months

• Goldman Forecasts Deepest Recession Since Reagan Era (Bloomberg)

• Restaurant Performance Index Falls to Record Low (Restaurants and Institutions)

• Once Sizzling, China’s Economy Shows Rapid Signs of Fizzling (NYT)

• Canada seeing huge increase in bankruptcies (National Post)

• Six Questions for Eric Janszen on the Economic Collapse (Harpers)

Federal Reserve

• Obama’s Choice for Tres Secy: Tim Geithner (The New Republic)

• Bloomberg Sues Fed to Force Disclosure of Collateral (Bloomberg)

• Zero Rate World May Lie Ahead as King, Trichet Cut (Bloomberg)

• Blast from the past: Man of the Year: High-Wire Artist Alan Greenspan (NYT)

Derivatives

• The credit-default swap needs reform, not abolition (The Economist)

• Credit Swap Disclosure Obscures True Financial Risk (Bloomberg)

• AIG in talks with Fed over new bail-out (FT)

• Idiot of the day: Former FDIC Chief: Fair Value Caused the Crisis (CFO.com)

• A Requiem for Glass-Steagall (BUSINESSWEEK: NOVEMBER 15, 1999)

• The Formula That Shook the World (Nova)

Technology:

• A New Dawn: Moving decisively on climate change (WSJ)

• U.S. military can regrow human limbs, organs (Canada.com)

• Chinese hack into White House network (FT)

• The Sun: Photo Journal

Video:

• Full run of video selections here

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