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Further reading

Elsewhere on Thursday,

- What is the US economy based on?

- Last pillar of US economy – exports – set to fall?

- “Real interest rates are high.”

- ECB may keep rates at seven-year high to fight inflation.

- “Ambac has now given back $2.1 billion of its Q2 paper gain in just one month.”

- Failing agencies.

- The dollar’s golden cross.

- The CFTC develops teeth.

- JP Morgan investigated over muni interest-rate swaps.

- “Blackstone’s newest private-equity vehicle is expected to get just a $250 million investment from pension fund Calstrs, down from $1.7 billion.”

- A dossier on Lehman’s prospective bosses.

- Art which won’t lose [all] its value.

- “From Prague, three banks will loan us the funds to mount the most dramatic Pac-Man defense.”

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