The Economic Consequences of Greece – Morgan Stanley
Summary of the above + scribd link to full paper with charts at Zero Hedge
Greek bailout mission to come back for second try – euobserver.com
Greek execution risk, and the bond swap – alphaville FT
EU commission lacks faith in Italy crisis response – euobserver.com
Greece Has Its Fill of Austerity – The Source WSJ
Couple arrested on charges of extorting Italian premier Berlusconi – Deutsche Welle
Short list of some key issues, nothing new but good to check you remember all the pieces
Remember European Problems? They're Baaaack – Zero Hedge
FINANCIAL CRISIS
Goldman Sachs released a special report two weeks back to its best clients. Here’s a copy.
Goldman’s doom-mongering eye-bleeding slide deck – alphaville FT
Just what the financial sector needs: the government is coming after the banks after all. Links to major articles on Friday covering the events and discussion.
US government attempts bank raid – alphaville FT
Response to a recent academic paper.
Financial Complexity, Part 1 – The Aleph Blog
Stiglitz’s power point presentation at the Nobelist meet in Lindau one week ago
Crisis, Contagion and the need for a New Paradigm – the trader
True unemployment around 16.2%: “Things are much worse than the reported numbers would have you believe. Moreover, the unemployment rate is barely better than it was a year ago. It would actually be worse than a year ago were it not for people dropping out of the labor force.”
OTHER
Working paper on debt levels. Debt is good up to a level, after that it’s bad.
Update from the task force. Principles for designing and implementing regulatory measures
Shadow Banking - progress and next steps – Financial Stability Board
Rennaissance Technologies is simply the best money manager ever.
The Super-Elusive RenTech Is Up Over 25% YTD – Business Insider
Renaissance Defies August Doldrums - DealBook
The Mystery Behind Jim Simons’ Amazing August Returns – Insider Monkey
DIVERSION
Forecasting forecasts by companies that are trying to forecast consumer behavior, to help consumers get better deals. Confused? Read this.
And now, the gadget forecast – Babbage / The Economist
Physicists & economists, influence & responsibility – Emanuel Derman / Reuters
SEC Is Going To Take Your High Frequency Trading Algorithm, Run It On A Commodore 64, See If It Crashes The Market - Dealbreaker
Review of F.S. Michael’s book.
Monoculture: How Our Era’s Dominant Story Shapes Our Lives – brain pickings
Speculation how the Google/Motorola’s droid phone will be
Lord of the Droids – technologyreview.com
The Black Hole of 9/11 – Foreign Policy