Thursday, 2 December 2010

prudentbear.com



Quotable

“Yes, a sustained deflation would be a big problem, but it is unlikely in today's circumstances. Countries with a depreciating exchange rate, an unsustainable budget deficit, and more than $1 trillion of excess monetary reserves are more likely to inflate. That's our problem today, and it's another reason the Fed should give up this nonsense about more stimulus and offer a credible long-term program to prevent the next inflation.” Allen Meltzer, Wall Street Journal, October 11, 2010


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Commentary

Credit Bubble Bulletin

by Doug Noland | Nov 19

Ideological and Hostile

Global yields on the rise, especially for U.S. municipal bonds.

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The Bear's Lair

by Martin Hutchinson | Nov 30

Global Models of Capitalism

Singapore and Chile have discovered much easier ways to maintain a healthy capitalist system.

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Featured Commentary

by Satyajit Das | Nov 16

European Soap Opera

Recent bank stress tests were effectively car "crash tests" where the testing authority deems the car cannot crash. A debt problem cannot be solved with even more debt.

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Guest Commentary

by Peter Schiff | Nov 26

The Duel Over the Dual Mandate

By trying to maintain price stability and promote maximum employment, the Fed ensures we get neither.

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