Thursday, 2 April 2009

Prudent Bear


Quotable

"The length and severity of depressions depend partly on the magnitude of the 'real' maladjustments, which developed during the preceding boom and partly on the aggravating monetary and credit conditions."

Gotfried Haberler, Prosperity and Depression, 1937


Commentary

Credit Bubble Bulletin

by Doug Noland | Mar 27

Revisiting the Global Savings Glut Thesis

The markets have really begun to warm up to the Government Finance Bubble.  Meanwhile, the Chinese are apparently worried about the future value of their hoard of dollars.

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The Bear's Lair

by Martin Hutchinson | Mar 30

Beyond the Dollar

Zhou Xiaochuan, governor of the People's Bank of China, said last week that the International Monetary Fund's Special Drawing Rights (SDR) should replace the dollar as the world's main currency.

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Featured Commentary

by Gordon Ringoen | Mar 20

Bailouts are Wrong-Headed

The real problem is that the supply/ demand theory is just about totally wrong. This same theory that did not allow the experts to foresee the financial bubble developing is not going to show us the way out of our dilemma.

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Guest Commentary

by Lila A Manassa, CFA | Mar 19

Resources Corner: The Coming Wave of M&A Activity in the Precious Metals Sector

Sound, stable money is unquestionably a guiding philosophy for us at the Federated Prudent Bear and we have maintained a bias toward hard assets in favor of paper ones.

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