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Elsewhere on Thursday,

- “America is at best about halfway through its crisis. ”

- China losing its appetite for US treasuries?

- And why it’s not

- “Treasury Secretary Hank Paulson is getting a better return than most fund managers this year.”

- Meagan Chung defends herself.

- Obituary: Sir Alan Walters.

- “PWC, how are you going to explain this Satyam thing?”

- Charting fun with gold.

- “… the VIX was never accurate.”

- The $5bn porn bailout.