WSJ Can China’s Consumers Replace the U.S.’s? …bad news not only for the trade balance, but also more specifically for export-dependent U.S. companies.
FT Credit insurance hampers GM restructuring Hedge funds and other investors stand to make billions of dollars on credit insurance contracts if GM declares bankruptcy.
WSJ Ford to Sell New Shares in Show of Strength Ford believes raising the cash is worthwhile despite any backlash from current stockholders who fear their shares will be diluted.
Bloomberg Paul Krugman Says Rapid Economic Recovery ‘Extremely Unlikely’ “It looks to me now as if the markets are now pricing in a rapid recovery, that they’re pricing in a V-shaped recession, which I consider extremely unlikely”
NYT G.M. Says Bondholders Have its Final Offer on Debt Exchange G.M. plans to give 89 percent of the company to the Treasury and to a new retiree health care fund for the United Automobile Workers union, 10 percent to bondholders and 1 percent to existing shareholders.
WSJ Was It a Sucker’s Rally? You can have a jobless recovery but not a profitless one.
