9th Sep Early - Impeccably broken

Summary: Financial Time’s blog on emerging countries beyondbrics had an entry featuring Greece. So now it is official – Greece has become an emerging country. Yesterday’s last link collection had some gems. Follow me on Twitter!

Joke of the day: “Jean-Claude Trichet set the tone by refusing to hand out candy and unicorns to the market” – MarketBeat WSJ

News roundups:

Friday Watch – Between The Hedges

News That Matters – The Trader

EURO CRISIS

Bond Investors Consider Greek Debt Exchange as Budget Concerns Escalate – BB

** A Greek T-bill oddity – alphaville FT

Greece Out of Money by October 17; Greek Banks Refuse to Fund Government T-Bills; Greece Freezes All Disbursements Other than Wages and Pensions – Mish’s

Spiegel Online has compiled an overview of the most pressing issues.

** Merkel Faces Myriad Pitfalls in Bailout Vote – Spiegel

Overview of what the newspapers and magazines are saying

'The Euro's Future Will Decide Merkel's Future' – Spiegel

"European integration is the only option."

Spanish commissioner lashes out at core eurozone states – euobserver.com

How a Debt Exchange Could Ease Europe’s Crisis: Luigi Zingales – View BB

FINANCIAL CRISIS

Remarks on ECB, BoE, Obama, G7

Halfway through hope – Macro Man

“failure to remember what our fathers learned…I’m an economist, and it seems that we need some kind of sociologist to solve our profession's problems.”

** The Profession and the Crisis – Krugman / Eastern Economic Journal

Banks May Fight Banks as Mortgage Securities Investors Try for Class Suits – BB

Credit raters and the IIFinance say what their funders want

You Get What You Pay For – Economix / NYT

Obama’s Jobs Program:

Missed the jobs speech? Full text – Ezra Klein / WP

What’s in the president’s jobs plan, and what comes next – Ezra Klein / WP

Obama’s Jobs Speech: Bolder Than Expected – Moneywatch

Obama proposes larger payroll-tax cut – MarketWatch

Obama on Jobs – A Dash of Insight

Obama's Bid to Spur Growth – WSJ

The 2011 Stimulus Proposal – The Street Light

Obama's jobs speech: A call to action – Free exchange / The Economist

Dissecting the Lies in Obama's $447 Billion "Shock-and-Awe" Reelection Ploy; Dead-on-Arrival in Congress? Alternative Proposal Will Not Cost a Dime – Mish’s

Marc Faber: Obama's Job Package 'a Complete Joke' – CNBC

PIMCO’s El-Erian: A Powerful Obama Speech – CNBC

** Goldman's Take On Obama's Jobs Proposal: "Larger Than Expected" – Zero Hedge

** A very slightly stimulating speech – alphaville FT

** Setting Their Hair on Fire – Paul Krugman / NYT

Bernanke’s Speech

Fed Chief Describes Consumers as Too Bleak - NYT

Fed Watch: Ben Speaks – Economist’s View

EMERGING

Emerging Europe: Economic Review Aug – advisorperspectives.com

Middle East/Africa: Economic Review Aug – advisorperspectives.com

Investing In The (Second) Coolest Place On Earth – BRIC Breaker / Forbes

OTHER

HFT and Market Impact – The Trader

Regular summit today, STRATFOR’s comments

OPEC meeting Overshadowed by Saudi Arabia – The Trader

DIVERSION

P.K got the jobs proposal 8 hours ahead, and felt like an insider, but: “Trivial scoop..what really matters is the kind of analysis that anyone with access to the web can do.”

** Trivial Secrets – Krugman / NYT

Researchers’ Typosquatting Stole 20 GB of E-Mail From Fortune 500 – Wired

How New Yorkers Tried to Stop the World Trade Center – Spiegel