Summary: Bank stocks hit in U.S., GS’s CEO Blankgein hires an attorney while stock and CDS react. Bank funding in euroland still the main talking point.
EURO CRISIS
Roundups:
short post, one chart of selected CDS prices
CDS market to euro banks – this is worse than 2008 – Pragmatic Capitalism
Expect USD swap lines from the FED to be used in Europe
Will Bernanke’s Liquidity Support the Eurozone? – Surly Trader
“The interbank deposit rates that are the basis of the quoted pricing may well be the rate that a Citi does business with a Chase. But these quotes have nothing to with the rates that a Banca Nazionale del Lavoro is currently paying for cash money.”
Europe – “Sorry. That is a bad address” – Zero Hedge
FINANCIAL CRISIS
Bloomberg: ‘Wall Street Aristocracy Got $1.2 Trillion From Fed’ – The Daily Capitalist
Global Strategy Roundup & Global Economics Roundup – Morgan Stanley
Brazil’s slowdown gets even slower – beyondbrics FT
(pdf) Mapping Global Capital Markets – McKinsey
BofA’s report has a nice table of credit spreads
BofA Warns Upcoming "Desperate Measures" By Authorities Will Result In Another 2008 Market Collapse – Zero Hedge
Marcel Fratzscher, Head of ECB’s International Policy Analysis Division classifies drivers to global push (risk off) and local pull, pre- and post-crisis.
Lots of charts, main point: all charts are above long-term averages, mean reversion coming
More insight into the mass psychology driving Canada's real estate obsession – The Economic Analyst
OTHER
(pdf) Private Equity Spotlight Aug 2011 – Preqin
Summary of the above report: Not All Children Are Above Average – allaboutalpha.com
Nice charts on how the market cap weights have changed.
Percentage of World Market Cap – Bespoke Investment Group
DIVERSION
Animated pie chart of how music formats changed over the years. For old timers!
30 Years Of Music Industry Change – The Big Picture
Why you haven’t heard of WikiLeaks for a while – breakup, document destroying: Bank of America leaks, U.S. no-fly list