Tuesday, August 4, 2009

Essential links 8/4

Via: ZH and NC

  • Personal spending rose 0.4% in June. Incomes fell 1.3%, biggest drop in four years. Max out those credit cards while you can. (Bloomberg)
  • China has become a giant ponzi scheme - Chinese stocks are 50-100% overvalued (Andy Xie, via Ritholtz)
  • Must read: from plasma physicist to Citadel's nemesis - profile of Misha Malyshev (Crains)
  • Bernanke's exit dilemma (WSJ)
  • Federal tax revenues plummeting (AP)
  • Bank regulators dig in against Obama shake-up Reuters

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