Here’s what I’m reading today

The horrible weather here at home is having a bad impact on the speed of the net. So instead of posting separate entries, let me put the links here instead.

US sees wider trade deficit – WSJ

The U.S. trade deficit widened in June, as a higher bill for oil imports offset gains in exports of industrial supplies and capital goods.

Mervyn King expects recovery soon – WSJ

“It is likely that output stabilized in the middle of this year, and business surveys and other short-run indicators suggest that growth is more likely than not to resume over the next few quarters,” Mr. King said in a statement after the presentation of the BOE’s quarterly inflation report.

UBS, US, Swiss complete tax-evasion settlement – WSJ

Swiss bank UBS AG and the U.S. and Swiss governments have settled a long-running tax-evasion probe, a Justice Department attorney told a federal court Wednesday morning.

Speculation grows over dollar’s turning point – FT

Just a week after the dollar hit its lowest level for 10 months, the main talking point in FX markets is whether the US currency is about to strengthen.

Testing week for US bond investors – FT

US bond investors are braced for a testing week, dominated by record $75bn in debt sales by the US Treasury and the Federal Reserve’s policy meeting, which concludes on Wednesday.

Economists call for Bernanke to stay, say recession is over – WSJ

Economists are nearly unanimous that Ben Bernanke should be reappointed to another term as Federal Reserve chairman, and they said there is a 71% chance that President Barack Obama will ask him to stay on, according to a survey

For stocks, September may be the cruelest month – WSJ

For investors, the period between Labor Day and Halloween is proving an annual fright show. And no one knows why.
It was, of course, in September last year that Lehman collapsed and everything fell apart. But then it was also September-October 2002 that the last bear market plunged to its lows.

For investors, the period between Labor Day and Halloween is proving an annual fright show. And no one knows why.

It was, of course, in September last year that Lehman collapsed and everything fell apart. But then it was also September-October 2002 that the last bear market plunged to its lows.

Derivatives overhaul seeks to reduce risk – WSJ

Reducing the risk of the instruments that reduce risk… Hmmmm.

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