“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 SEC vows more actions over crisis Public Pensions and Our Fiscal Future Bernanke Diverges From Trichet in Wyoming as U.S. Falters, Germany Surges Japan Pressures Shirakawa to Spur Growth as Strong Yen Threatens Expansion Stocks Fall on Economy; Yen Weakens on Call for ‘Bold’ Action by Doug Noland | Aug 20 The market clamors for additional stimulus, and the government finance Bubble moves into overdrive. by Martin Hutchinson | Aug 23 Populist Before It Was Capitalist The U.S. political tradition is not particularly friendly to the free market. Political pull is far more profitable than ownership. 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 John Browne | Aug 25 Take Your Pick: Sinking U.S. or Soaring BRIC Significant BRIC growth has been achieved not with government subsidies, but with organic market demand fueling legitimately productive enterprise.pRUDENTBEAR.COM
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Friday, 27 August 2010
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