Monday, October 24, 2011

Morning Journal-Can the EU bail out its banks?


Economics

This Week’s Data


The September Chicago Fed business index came in at -22 versus -59 recorded in August.
http://www.calculatedriskblog.com/2011/10/chicago-fed-economic-activity-improved.html


Other

Global trade and industrial production are hitting new highs (short):
http://mjperry.blogspot.com/2011/10/world-trade-and-output-reach-record.html

Politics

Domestic

International


Can the EU bail out the banks, even if it wants to? It appears that the answer is no.
http://www.nakedcapitalism.com/2011/10/mirabile-dictu-eurozone-to-impose-penalties-on-banks-that-get-bailouts.html