PRUDENT BEAR
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U.S. Tries a Trillion-Dollar Key for Locked Lending
- NY Times
- 02/20/2009 04:02 AM
California Legislature Passes Tax Plan, Ends Impasse
- Bloomberg
- 02/19/2009 11:06 AM
Market Movers
Archive
Gold Advances Near Seven-Month High in London on Haven Demand
- Bloomberg
- 02/20/2009 06:04 AM
Futures point to more Wall Street losses
- Market Watch from Dow Jones
- 02/20/2009 06:04 AM
Oil falls below $39 as economic outlook worsens
- Reuters
- 02/20/2009 04:07 AM
Quotable
"So long as the dollar weakness does not create inflation, which is a major concern around the globe for everyone who watches the exchange rate, then I think it’s a market phenomenon, which aside from those who travel the world, has no real fundamental economic consequences."
Alan Greenspan, November 18, 2007
Commentary
Credit Bubble Bulletin
by Doug Noland | Feb 13
Washington policymaking did not provide a pretty backdrop this week. But, then again, there's no surprise in that. Post-Bubble Realities...
Read moreThe Bear's Lair
by Martin Hutchinson | Feb 16
The Liquidationist Alternative
As the Obama stimulus plan passes and Treasury Secretary Tim Geithner unveils the outline of a $1.5 trillion bank rescue package, the die has been definitively cast in favor of the Keynesian stimulus approach to the ongoing unpleasantness.
Read moreFeatured Commentary
by Satyajit Das | Jan 23
As the “financial’’ crisis moved into the “real” economy at the end of 2008, the incomprehensible discourse about arcane minutiae of securitized debt and derivatives (toxic three letter acronyms such as ABS, CDO, MBS, SIV; CDS etc,) that no sane person really understood, could be abandoned for the more familiar language of “recessions” and “depressions.” Familiarity, no matter how terrible, is comforting.
Read moreGuest Commentary
by Richard Benson | Feb 9
Every time I pick up a copy of the prestigious financial press, I can't help but read articles pushing Keynes theories. Writers point or wag a finger at the lack of liquidity and the fact that America is in a Keynesian-feared “Liquidity Trap.”
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