“When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you've got to get up and dance. We’re still dancing." Chuck Prince, Financial Times, July 10 2007 by Doug Noland | Jul 31 Almost across the board, markets have turned increasingly speculative. by Martin Hutchinson | Aug 4 Shares are trading at 35 times earnings. Banks in the last six months have lent more than the entire Gross Domestic Product for the period. by Satyajit Das | Jul 6 Ponzi Prosperity – Built-to-Fail Economic Models Governments have limited resources to help with the current economic crisis; unfortunately, that’s not stopping them from trying. Their behavior — and the global financial collapse — calls into question social and political models based on growth fueled by high finance. by Stewart Dougherty | Jul 16 Six Syllables to a Savage Truth On December 9, 2008, $65 billion of investor money was at peace.PRUDENT bEAR.com
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Retailers report sluggish July sales BOE Extends Bond Purchases, Saying Recession Worse Than Thought Limits on Speculative Trading Needed to Protect Energy Markets, U.S. Regulator Says U.S. Considers Remaking Mortgage Giants Issing Says Officials May Have to Ignore Political ‘Screams’ China Warns Developed Nations of Inflation, Currency Threats China shares fall on credit worries Oil falls to near $71 as US inventories rise U.S. Stock-Index Futures Rise on Bank of England Bond Purchases European, Asian Stocks Advance; KBC, Aviva, Unilever Lead GainsTop News
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