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December 18, 2008

Afternoon Reading: Credit, Chrysler, CalPERS, etc.

Some links to items of interest:

• Fed loans guided by same people who brought you subprime debacle: credit ratings agencies (Bloomberg)
• World Interest Rates Table (FXstreet)
• The Great Unraveling (NYT/Friedman)
• Is Chrysler Shutting Down for a Month, or Forever? (USNews)
• White House mulling ‘orderly’ bankruptcy for carmakers (FT)
• CalPERS' magical performance numbers (Varones)
• Ponzi, the USA edition (FT)
• Why Wal-Mart Deserves the Nobel Prize (Gives Consumers $400-Million Holiday Gift)(Britannica)
• The Economic Underworld of Bankruptcy for Profit (SSRN)
• Agricultural markets and food price inflation (Chicago Fed)
• If the treasury market is a bubble, what will cause it to implode? (Accrued Interest)
• Alan Greenspan on … the mess that Alan Greenspan made (Economist)

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