links for 2010-05-08

China stands little chance of hitting the government's target of keeping inflation below 3 percent this year, a senior government economist said on Saturday.

Spotted over at The Reformed Broker, one trader happened to be doing a webinar yesterday afternoon right around the time that things went a bit haywire.

A day after a harrowing plunge in the stock market, federal regulators were still unable on Friday to answer the one question on every investor’s mind: What caused that near panic on Wall Street?

The foreign exchange team at BNP Paribas are predicting euro/dollar parity within twelve months: “While we have had one of the most bearish forecasts in the market, these previous projections now appear too moderate given the current developments.”

Investors are running for the hills because of the uncertainty in the euro zone. Many are acting on false assumptions. Here are four reasons why the euro will survive and U.S. equities will thrive as this global debt crisis matures:

The cost of insuring against losses on European bank bonds soared to a record, surpassing levels triggered by the collapse of Lehman Brothers Holdings Inc., as the sovereign debt crisis deepened.