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Telegraph
The Times
The Times (Need to know)
FT
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The Independent
This is Money
Round-the-clock talks aimed at extending $15bn (10bn) in emergency loans to General Motors and Chrysler reached a sticking point last night amid questions over the ongoing viability of the two companies.
US car bail-out hits fresh snag
After the credit crisis and the capital crisis, a downturn in world trade looks like being the next shoe to drop and it could well be the factor that tips the world from a recession to a depression.
Global trade routes point towards depression
Britain has become a worse credit risk than McDonald's and a host of other large companies, figures produced for The Independent reveal. Investing in UK government debt is now almost twice as risky as buying McDonald's corporate bonds, according to the market in credit default swaps (CDS), which provides insurance for the buyers of such debt.
Britain worse credit risk than McDonald's
The Federal Reserve is considering issuing its own debt for the first time, a move that would give the central bank additional flexibility as it tries to stabilise rocky financial markets, reports the WSJ.
Fed weighs debt sales of its own
For the first time ever, the yield on the 3-month US Treasury bill fell into negative. In other words, investors were willing to pay the US government a fee for the privilege of borrowing their money.
US 3-month yields go negative
Apparently there is much speculation among gold bugs around the world on the topic of gold backwardation. Spot gold prices versus front-month gold future Comex prices are currently in backwardation, in otherwords the price of gold is descending into future as opposed to ascending.
The gold backwardation theory