Prudentbear.com Global Economy Is Too Dependent on Debt, Consumption, Investor Rogers Says Fed Keeps Rate Pledge, Says Markets `Less Supportive' of Growth Sales of U.S. New Houses Plunge to Lowest Level on Record Stock futures fall on economic growth worries Japanese Yen Advances as Federal Reserve, Data Fan Concern Growth Falters Oil Falls Near Lowest in a Week After Increase in U.S. Supplies U.S. Treasury Notes Climb, Sending the 10-Year Yield Lower to 3.1 Percent “What other central banks have been doing must be reversed. I am very sceptical about the extent of the Fed’s actions and the way the Bank of England has carved its own little line in Europe… Even the European Central Bank has somewhat bowed to international pressure with its purchase of covered bonds. We must return to independent and sensible monetary policies, otherwise we will be back to where we are now in 10 years’ time.” Angela Merkel, German chancellor, June 2, 2009 by Doug Noland | Jun 18 A Prominent Indicator of Financial Conditions Global risk markets were stronger this week, but the rally is not yet that convincing. by Martin Hutchinson | Jun 21 The international order is returning to the world of multiple states, but the new Kaiser Wilhelm II won't be German. by Satyajit Das | Apr 7 Economic fixes that rely on easy credit and government support mask worsening problems. by Charlie Husen | Jun 22 Sorry—10% unemployment doesn't put us on the verge of another Great Depression.Market Movers
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