Juergen Stark resignation, asmussen replacing him, right hand of schaeuble in charge of crisis management for german gvmnt, funnily enough triggering ire of cdu since he is is spd. Power fight undergoing in ecb , end of economics as the ultimate and rigorous science, germans in minority when voting at ecb. Munchau on the german court ruling, simply a loser comments since he is against against EU.

Renimbi / China , when does it become a reserve currency?

In other words, loyalty to the dollar and China’s lack of the policy prerequisities seem to make the renminbi’s rise a distant possibility. How wrong that is. First, the usual historical analogy is misleading. Great Britain ceded its economic dominance much later, and sterling its dominance much earlier, than is believed. Economic dominance, in the sense of the factors that determine reserve currency status, is affected not just by the size of an economy but by its trade and external financial strength. On this metric, the US overtook the UK not in the 1870s but only around the first world war: in fact, the UK was the world’s largest exporter and net financier until the 1920s.

Jami dimon wants to step out of basel III,too heavy a regulation for american banks

jeff jarvis book “public parts”, on praise of transparency by thomas more and juergen habermass....where they quote robert putnam erosion of social society , margaret tatcher “there is no such thing as society”, atomisation of civil society and brandeis supreme cout judge ruling on right to be let alone.

Novo nordisk , diabethes treatment , good review

fuw,

Analogy with gbp exit from ems wrong, since it is easier to depreciate than to appreciate given the unlimted domestic supply of money. Good point. Loose chf monetary policy , analogy with Israel , can it hold ?

obama's economic package comes too late, sic FUW in the aftermath of negative market reaction, easy is it not?

usual study on switzerland sme competitiveness by credit suisse. Chinese reminbi convertible by 2011, sic davide cucino Chinese EU Chamber of commerce..

Interview to hans werner sinn , ifo president who opposes eu and large debts, calls ecb intervention discriminatory for german banks.

Canadian banks good results , expanding in the usa

Hiildebrand at snb in march 2003, joined ubp in october 2001 as responsible/ specialist of hedge funds. Apparently ubp started to buy madoff in 2002 with m investment feeder fund. Madoff was detected by Markopolos already 1999 but was ignored in 2000 and 2001 by SEC.