Saturday 18 December 2010


prudentbear



Quotable

"Banks worldwide have $891 billion at risk in asset-backed commercial paper facilities because of credit agreements that ensure investors are paid back when the short-term debt matures, Fitch Ratings said."

Bloomberg, August 23, 2007


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Commentary

Credit Bubble Bulletin

by Doug Noland | Dec 17

Q3 2010 Flow of Funds

It was another swell week for the government finance Bubble.

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The Bear's Lair

by Martin Hutchinson | Dec 14

When Will the U.S. Become Greece?

When bond traders come to view U.S. Treasury bonds as a serious default risk, the U.S. economy may well enter not merely a second dip but a chasm.

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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 John Browne | Dec 9

Two Flawed Currencies

Barring a miraculous internationalization of the yuan, precious metals have a rare opportunity to regain their historic status as the global reserve.

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