WORLD MARKET UPDATE- 07 SEPTEMBER 2011

Frontrunning: September 7

Submitted by Tyler Durden on09/07/2011 - 08:34Aussie Australia Bank of Japan Ben Bernanke Bill Gross Carlyle China Germany Google Greece Gross DomesticProduct Italy Japan Krugman recovery Swiss Franc Swiss NationalBank Switzerland TARP United Kingdom

• German Court Upholds Bailouts (WSJ)
• Obama Said to Seek $300 Billion Jobs Package (Bloomberg)
• Euro Woes Stir Currency Fears (WSJ)
• Hilsenrath: Bernanke Takes On a Balancing Act (Hilsenrath)
• ‘Helicopter Ben’ risks destroying credit creation (Bill Gross)
• China Likely to Ease Money Policy, Journal Says (Bloomberg)
• Krugman explains why the  price of gold going down is due to deflation, and why it going up is due to... deflation (NYT)
• Bernanke: US Banks' Exposure to Europe Is 'Manageable' (CNBC)
• Greece Pledges to Accelerate Austerity (Bloomberg)

(source: http://www.zerohedge.com/)