Weekend Reading

Zero Hedge

• “I’m doing God’s work.” Meet Mr. Goldman Sachs (TimesOnline) [Goldman getting trading tips from the big guy himself explains their Q3 P&L]
• Obama’s failure in his core mission: curbing unemployment, which is now 50% higher than a year ago (NYT) Expect several dozen TV appearances on Monday to explain what really happened
• House passes $1 trillion U.S. healthcare overhaul legislation (Bloomberg)
• Why can’t the Fed just buy Yuan? (Worthwhile Canadian Initiative)
• What rebalancing of Chinese and American consumption (China Financial Markets)
• Gordon Brown joins call for Tobin Tax, denied by Turbo Tim, Canada and IMF (FT, Telegraph)
• The first call before the first call (Cassandra Does Tokyo)
• India to wind down fiscal stimulus in 2010 (Bloomberg)
• Banks thwarting Feinberg pay model by changing bonus formulas (Bloomberg)
• Barclays to pay bonuses in stock despite record taxpayer handouts, sorry, earnings (Telegraph)
• Why do central banks have assets (Worthwhile Canadian Initiative, h/t DV02)
• John Reed apologizes for repealing Glass-Steagall, greenlighting worst bill in history in form of Gramm-Leach-Bliley (Bloomberg)
• Why gold is shining brighter (LA Timas)
• Barack Obama and Mikhail Gorbachev: Mystical resemblance (Pravda)

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