I didn't see anything important in any of that, but then it's still being digested. To be honest, I can't imagine anything significant coming out of that.
Just finished the audio version of No One Would Listen by Harry Markopolos about Bernie Madoff, this is the sample chapter http://www.youtube.com/watch?v=LEHmnLxCroc&feature=related Very interesting book, no great trading lessons, but I couldn't stop listening to the story. Its amazing how Madoff survived for so long
The empire of WikiLeaks is crumbling, the .org domain is down(site is not opening), Assange seems to be days from being arrested
Interesting article on the EU http://baselinescenario.com/2010/12/02/imminent-eurozone-default-how-likely/ Its an uncertain situation because they behave as if they wanted to bailout the nations no matter what(even making fiscal transfers) but at the same thing hint there might be restructuring. At this point its hard to say which one will win out, specially because if this 'veto' is used essentially it forced the person vetoing to most likely have to bailout their own banks and deal with a financial crisis
Growth of money aggregates in the euro area has been very weak https://stats.ecb.europa.eu/stats/download/bsi_m3contrib/bsi_m3contrib/bsi_m3contrib.pdf M2 grew 2.2% in 2009 and so far is 1.8% in 2010. Its amazing how Trichet brags about how his bond buying is not QE due sterilization. Their core inflation is at 1.1% yoy, they seem to be taking comfort on the fact that the headline figure is at target, not realizing that its mostly a oil move not good policy that made that happen
Funny chart comparing EU country GDP VS US state GDP. http://www.econoshock.be/wp-content/uploads/2010/12/EurozoneStates_G_20101130160542.jpeg