Thursday 12th July

Pointless Pain In Spain (Krugman)
It’s no fun being Prime Minister of a debtor nation without its own currency. Unlike the US or the UK, Spain has no easy options.
{http://krugman.blogs.nytimes.com/2012/07/11/pointless-pain-in-spain/}

A tale of two Chinas
There are two ways that China’s economic future is viewed today.
{http://ftalphaville.ft.com/blog/2012/07/11/1079141/a-tale-of-two-chinas/}

There’s an economic war between the generations, and nowhere is it more apparent than in the U.K. {http://blogs.wsj.com/source/2012/07/11/the-u-k-s-war-of-the-generations/}

Deep Thoughts From Jim Chanos
Good interview here with Wall Street legend Jim Chanos. In the interview he discusses his background on Wall Street, how he got into short selling, his process for short selling, the psychology behind his approach and the asymmetries of the long and short side.
The middle portion of the interview on China is a must see.
{http://pragcap.com/deep-thoughts-from-jim-chanos}

LIBOR Scandal Explained
{http://www.ritholtz.com/blog/2012/07/libor-scandal-explained/}