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    \x0a “Scoprii anche il sito VirtualJerusalem.com, dove composi un biglietto con una preghiera virtuale affinché quacuno lo infilasse in un muro non virtuale per un Dio virtuale, che poteva uccidere il mio non virtuale figlio perché io avevo mangiato panceetta virtualmente con ogni uovo da quando avevo diciannove anni, oppure perché avevo guidato di Shabbat, oppure perché avevo scritto cose su Dio che Lui non aveva apprezzato. Valeva la pena di provarci.”\x0a
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    \x0a Shalom Auslander - Il lamento del prepuzio\x0a
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    \x0a “Upmarket property agency Savills reports that inquiries from Italian purchasers account for 80 per cent of demand in Kensington, and 70 per cent of demand in London’s Knightsbridge area. Demand is believed to be driven by the current tax amnesty in Italy, where the government is attempting to repatriate funds hidden in foreign bank accounts, though current exchange rates also add to the attractions of the London property market as a safe haven.”\x0a
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    \x0a Italians fuelling London price boom - Investors Chronicle\x0a
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    \x0a “Meanwhile, investors are increasingly executing their own exit strategies, buying risky assets and gold. While policymakers apply sedatives, they are opting for amphetamines.”\x0a
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    \x0a FT.com / Lex / Macroeconomics & markets - Stimulus exit strategies\x0a
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    \x0a “The deal’s collapse marks the second failure by GM in less than two months to sell a lossmaking brand to outside investors. In October Penske Automotive Group, US dealership chain, abandoned a deal to acquire its Saturn brand because of doubts aboutsecuring a long-term supply of vehicles.”\x0a
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    \x0a FT.com / Companies / Automobiles - Koenigsegg talks to buy Saab abandoned\x0a
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    \x0a “The Bank said that, because it was fearful that the disclosure would have damaging consequences if revealed last year, it withheld the information from the financial disclosure in its 2009 annual report.”\x0a
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    \x0a FT.com / Companies / Banks - Bank of England bailed out RBS and HBOS\x0a
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    \x0a “CDS volumes for Italy, which has one of the highest debt burdens of the developed economies, are now the highest for an individual country, according to the Depository Trust & Clearing Corporation.”\x0a
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    \x0a FT.com / Capital Markets - Bets rise on rich country bond defaults\x0a
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  7. \x0a CDS and sovereign debt\x0avia www.ft.com\x0a \x0a \x0a
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    CDS and sovereign debt

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    via www.ft.com

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    \x0a “

    This has been a revival in the bottom, rather than the top, line. According to Morgan Stanley, non-financial stocks in the S&P 500 beat third-quarter earnings growth estimates by an average nine percentage points. But the companies’ sales fell around a point shy of forecasts. A similar pattern was seen in Europe.

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    Either they are correct in assessing that the economy is still fragile, in which case corporate profits will ultimately disappoint. Or they are underestimating the strength of the recovery, in which case inflationary pressures will start to emerge (and bond yields will rise sharply). Markets will have a tricky time navigating between this Scylla and Charybdis in 2010.

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    \x0a Buttonwood: Something’s gotta give | The Economist\x0a
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    \x0a “HEDGE-FUND and private-equity managers earn a lot of money, more than most people think justified by their contribution to society. Of course, the same could be said of rappers and sports stars.”\x0a
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    \x0a Fund managers’ pay: A defective directive | The Economist\x0a
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  10. \x0a
    \x0a “White House officials say the US fiscal situation had no impact on Obama’s interactions in Beijing, even though some observers presented his trip as that of a debtor visiting his banker. “He pulled no punches,” said Mike Froman, a senior national security adviser.”\x0a
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    \x0a FT.com / US & Canada - Obama warns on US public debt pile\x0a
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