Holiday Reading

Carmakers’ Woes May Cost Six Million Jobs, Union Head Says (Bloomberg)
Mounting sadness behind the happy headlines (FT)
Job losses push safer mortgages to foreclose (New York Times)
In India, little demand for no frills car (Bloomberg)
Simon Property Group says things in REIT land to get better… Rational people disagree (Investopedia)
Goodbye globalization (Globe and Mail)
Chrysler, 363 (f) and dealership agreements (Credit Slips)
Porsche falls on refi concerns (Bloomberg) [How are those CDS doing?]
US bond sale faces stiff market resistance (Telegraph)
Roubini: Don’t believe the optimists (Forbes)
180 Degree moment of the day: “World economy stabilizing” – Paul Krugman (Reuters, hat tip Mike)
Reminder: Chrysler Sale Approval Hearing this Wednesday at 10:00 am in New York Bankruptcy court. Will be a firecracker. Show up early.