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Quotable
“If you have a problem that arose as a result of excessive credit growth and debt levels in the system,
you can’t solve that by piling up even more debt.” Mark Faber, quoted by Bloomberg, September 23, 2009
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Payrolls in U.S. Drop 85,000 in December; Unemployment Is 10%
- Bloomberg
- 01/08/2010 08:07 AM
Commentary
Credit Bubble Bulletin
by Doug Noland | Dec 31
It was quite a year - for Washington, the markets, the global economy, "money," speculation and Bubbles.
Read moreThe Bear's Lair
by Martin Hutchinson | Jan 4
It being January, I am drawn irresistibly to the British Prime Minister Benjamin Disraeli's only significant contribution to monetary policy thought, his comparison of a particular step to the supposed Naples miracle of the liquefaction of St. Januarius' blood.
Read moreFeatured Commentary
by Peter Souleles | Nov 24
One generation to regeneration
I dare say that everyone between the ages of 25 and death is living with regrets about the past, anxieties about the future or both.
Read moreGuest Commentary
by Gregg Jahnke | Dec 8
Light holiday reading and the future of Western civilization
There is no better way to get into the Christmas spirit than to read the two chronicles of our recent financial disaster, Andrew Ross Sorkin's "Too Big to Fail" and Charles Gasparino's "The Sellout."
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