U.S. budget deficit no longer at highest level. (CNBC.com) (Now at second highest level — should I feel better?)
Five More Ways Fed Easing Could Make Things Worse, (CNBC.com) by CNBC's Jeff Cox:
Mozilo Settles with SEC. (CNBC.com) As part of the deal, Mozilo will disgorge $45 million in ill-gotten profits and pay a $22.5 million in civil penalties — but he made $139 million. Hey, wait a minute…
Banks to lose $80 billion from mortgage mess, (CNBC.com) according to Dick Bove
Global trade slows, manufacturing dips (New York Times)
Cotton hits a new high — for 140 years! (Wall Street Journal) (Yeah, but that’s in nominal dollars. Did anyone seriously think cotton traded higher on an unadjusted dollar basis in 1870?)
U.S. Investigates Chinese energy subsidies (WashingtonPost) — harbinger of things to come.