Friday, 19 December 2008

PRUDENT BEAR



Quotable

"U.S. savings and loans held more troubled assets in the second quarter than at any time in the past 14 years, as more families fell behind on their mortgage payments. U.S. thrifts held $14.2 billion in repossessed assets and loans that are at least 90 days past due, the most since 1993…"

Bloomberg, August 22, 2007


Commentary

Credit Bubble Bulletin

by Doug Noland | Dec 12

We're all Steelers fans now

Thanks for your patience.  I'll be back to a more normal posting schedule soon.

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The Bear's Lair

by Martin Hutchinson | Dec 15

How recessions become Great Depressions

Remember the Great Depression of 1921? Or of 1947? Or of 1981? Each of those years began with many of the same problems evident today, or that were evident in 1929-30.

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Featured Commentary

by Satyajit Das | Dec 15

Where did all the money disappear? Liquid fantasies

In this current financial crisis, the quantum of available capital, the munificent resources of central banks and sovereign wealth funds, and the globalization of capital flows may be some of the accepted "facts" that are revealed to be grand illusions.

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Guest Commentary

by Pete Schiff | Dec 15

A Nightmare Before Christmas

The renewed strength in gold, together with the long overdue rupture of the correlation between the movements of foreign currencies and U.S. equities, is further evidence that recent market dynamics are changing.

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Posted by Britannia Radio at 15:06