Thursday, 11 February 2010

prudentbear.com

Quotable

“In a world of businessmen and financial intermediaries who aggressively seek profit, innovators will always outpace regulators; the authorities cannot prevent changes in the structure of portfolios from occurring. What they can do is keep the asset-equity ratio of banks within bounds by setting equity-absorption ratios for various types of assets. If the authorities constrain banks and are aware of the activities of fringe banks and other financial institutions, they are in a better position to attenuate the disruptive expansionary tendencies of our economy.”

Hyman Minsky, 1986


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    Commentary

    Credit Bubble Bulletin

    by Doug Noland | Feb 5

    The Beginning of the End?

    Generally another tough week for global risk assets.

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    The Bear's Lair

    by Martin Hutchinson | Feb 8

    The unequal credit crunch

    When the banking system imploded in September 2008, commentators immediately feared that the result would be a credit crunch, leading to a major downturn in GDP and rise in unemployment.

    Read more

    Featured Commentary

    by Satyajit Das | Jan 19

    The China Syndrome

    In 1971, Ralph Lapp, a nuclear physicist, used the term "China syndrome" to describe a hypothetical nuclear reactor meltdown where the molten core breaches containment barriers and melts through the crust of the Earth reaching China.

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    Guest Commentary

    by Tom Au | Jan 25

    Google – the epitome of the American Way

    Writers such as Shaun Rein, managing director of China Market Research Group, may have rightly characterized Google's pullback from China as an "act of war."

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    Posted by Britannia Radio at 16:11