prudentbear.com Stocks, Oil Fall on Economy; Euro Weakens on Stimulus Concern Oil Falls to Six-Week Low on Signals U.S. Recovery Is Slowing “Financial operations do not lend themselves to innovation. What is recurrently so described and celebrated is, without exception, a small variation on an established design . . . The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.” John Kenneth Galbraith, A Short History of Financial Euphoria by Doug Noland | Aug 13 The Fed exits the notion of having an exit strategy; the dollar rallies; selling returns to most global risk markets; while the global government finance Bubble intensifies. by Martin Hutchinson | Aug 16 The Capital-Scarce World to Come Leveraging up to the eyeballs and then going bankrupt is not a cost-free process. by Ronald Solberg | Aug 19 Euro-Zone Sovereign Defaults, Bank Solvency and Policy Rifts: a Temporary Respite It is likely that the risk of sovereign restructurings in Europe will create a rolling, multi-year uncertainty. by Michael Pento | Aug 13 The government seeks to micromanage the cost of money and the rate of economic growth.Market Movers
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