Readings: CDOs, Hong Kong, Petrodollars, Dow 5000, etc.

Some quick links to items of interest:

  • The paradox of the paradox of thrift (Kasriel/NTRS)
  • Synthetic CDOs: not saving anything (FT)
  • Hong Kong residential sales plunge 79% (Bloomberg)
  • Recycling Petrodollars and the current crisis (Grubel)
  • The Decline and Fall of an Ultra Rich Online Gaming Empire (Wired)
  • Bill Gross on Dow 5000 and the new normal (PIMCO)
  • Global imbalances threaten the survival of liberal trade (FT)
  • Mark-to-market is pro-cyclical (McTeer)