Some readings

Credit-Swaps Sellers Take Beating on Latest Auction, by Shannon D. Harrington and Pierre Paulden (Bloomberg)

Financial Innovation and Consumer Protection, by Ben Bernanke (Fed)

What Deflation? Consumers See Inflation Rising, from WSJ Real Time Economics

April Surprise: Consumer Sentiment Jumps Higher, from WSJ Real Time Economics

Europe Is No Model for Our Banks, by David Smick

Sarkozy Insults Obama, Merkel, Zapatero, by Joshua Keating (Foreign Policy Passport)

Chinese Corner:

China, Friend or Foe? by Andrew Browne and Gordon Fairclough (WSJ)

The Real Implication of China’s Currency Policy, by Ranjan Roy (Zero Hedge)

Bamboo Shoots of Recovery, from The Economist

Deals Help China Expand Sway in Latin America, by Simon Romero and Alexei Barrionuevo (NYT)

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