PRUDENTBEAR.COM G-20 Struggles to Reach Accord as Fingers Point at China, U.S. Cisco Forecasts Fall Short of Estimates; Shares Slide G-20 to Debate Changing Dollar for Currency Basket, Mantega Says Fed to Buy $105 Billion of Treasuries in Next Month by Doug Noland | Nov 5 QE2 started off with a global bang. by Martin Hutchinson | Nov 8 The Great Monetary Battle of 2011 As a spectator sport it will be enjoyable; unfortunately we are all also participants. by Peter Schiff | Oct 13 At a time when we should be trusting the markets to grind out three yards in a cloud of dust, we have put our faith in the Fed's ability to fling a Hail Mary pass, even though all previous attempts have failed. by Neeraj Chaudhary | Oct 27 The U.S. consumer is a drag on the world economy, not an engine for growth. Gold Gains in New York on European Debt Concern, China Inflation China data, supply fears sweep copper to record high Sugar Rebounds in London on Speculation India May Limit Exports Oil Rises to Two-Year High on U.S. Stockpiles, China Processing Portuguese, Spanish Debt Lead Peripheral Drop on Budget Concern “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, 1986Commentary
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Thursday, 11 November 2010
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