PRUDENTBEAR.COM Dollar Is ‘Ugliest’ After Third Weekly Decline Versus Euro Consumer Spending in U.S. Rose More Than Forecast Chinese Manufacturing Growth Accelerates, Survey Shows “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, 200 by Doug Noland | Sep 24 The Federal Reserve seems determined to reflate asset markets - and the dollar suffers. by Martin Hutchinson | Sep 27 They Don't Call Them Junk Bonds for Nothing Interest rates will start going up and the bull market in junk bonds will come to a sticky end. By 2100 Bernanke will be remembered as the Madoff of monetary policy. by Satyajit Das | Aug 31 The complexity of the issues means that ultimately no laws governing derivatives may be truly effective, validating a Marxist (Groucho's) proposition. by John Browne | Sep 30 A Candid Appraisal of the Recovery The rise in retail sales was a blip, the solvency of many sovereigns is dubious, and the likely GOP sweep is unlikely to have significant effect on that most insolvent of developed Western nations, the U.S.Quotable
9Commentary
Credit Bubble Bulletin
The Bear's Lair
Featured Commentary
Guest Commentary
Saturday, 2 October 2010
Posts
