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July 27, 2008

Sneak Peek at Weekend Reading

I'm not back from holidays yet, but during breakfast this morning I put together a summer edition of my weekly Weekend Reading column for TheStreet.com. Here is a sneak peek at some of the links:

• Optimists buy iPhones, while pessimists hoard gold (Bloomberg)
• The Big Mac Index shows major overvaluation for British pound and Norwegian Krone (Economist.com)
• The global economy is at the point of maximum danger (Telegraph)
• Bill Poole: First We Save Fannie Mae and Freddie Mac, Then We Destroy Them (NYTimes)
• Brazil's economic boom creates bull-market millionaires (Globe & Mail)
• Detailed look at likelihood of U.S. defaulting (Part 1 / Part 2)
• U.S. housing 20% over-valued in key markets (IMF)
• Short-selling rules causing 70%-plus drop in financials short-selling (S3)

And one more fun figure (via the U.S. EIA):

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