Turmoil puts big takeovers on hold Financial Times
No virgins for you News.com.au (hat tip Transterrestrial Musings)
Charts for the Big Bounce The Financial Ninja. Note I am an agnostic as regards technical trading. However, (I know one trader who is enormously successful using it, but he also waits until the signals are overwhelming. Regardless, the charts certainly have the right oracular look.
Bloomberg Dismisses Stimulus Package The Huffington Post.
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“are willing to take losses (say on Treasury holdings)”
Hallelujah! I have been saying this for two year, pointing out that if China decided to destroy US economically, they could do so whenever they choose (or at least threaten to do so) – and, while it would probably hurt them too, because of the lower base they would come out better shaped than US (or most of the western world, for the matter).
Of course, it might be that Chines were smart enough to realize we will happily destroy ourselves if we think we’re (at that time) being paid enough…