The Market – Page 38

Whoops – China taps more Saudi crude than US

Saudi Arabia’s oil exports to the US last year sank below 1m barrels a day for the first time in two decades just as China’s purchases climbed above that level, highlighting a shift in the geopolitics of oil from west to east. via FT.com / Global Economy – China taps more Saudi crude than US.

Sovereign-debt theories: Domino theory | The Economist

Dubai’s sovereign credit-default-swap spreads soared to their highest level in a year this week, amid concern about the terms of a debt restructuring by a state-owned conglomerate. There is increasingly shrill commentary arguing that Greece is the start of a far bigger problem. “A Greek crisis is coming to America”, blared the headline on aContinue reading “Sovereign-debt theories: Domino theory | The Economist”

Wall Street’s Bailout Hustle : Rolling Stone

God bless MATT TAIBBI. He got it right again! This is the most important issue in America right now and the only magazine to deal with it right is Rolling Stone? Goldman Sachs and other big banks aren’t just pocketing the trillions we gave them to rescue the economy – they’re re-creating the conditions for another crash.Continue reading “Wall Street’s Bailout Hustle : Rolling Stone”

Seven things about the economy that everyone should be more worried about than they are

Seven things about the economy that everyone should be more worried about than they are via Nieman Watchdog > Commentary > Seven things about the economy that everyone should be more worried about than they are.

Global market turmoil hints that U.S. recovery may founder | McClatchy

Awww, man. Conflicting U.S. jobs data and mounting concerns about debt defaults abroad that threaten global economic growth triggered a worldwide wave of stock-market volatility Friday amid fears that the improving U.S. economy could unravel. A mixed jobs report from the Labor Department, including a revision that showed that 2009 job losses were far greaterContinue reading “Global market turmoil hints that U.S. recovery may founder | McClatchy”