Friday, 21 January 2011

prudentbear.com



Quotable

“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, 1986


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Commentary

Credit Bubble Bulletin

by Doug Noland | Jan 14

Issues 2011

Stocks have thus far been noteworthy for disregarding municipal bond problems and general financial market instability.

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The Bear's Lair

by Martin Hutchinson | Jan 14

Dee-fault, Dee-fault!

For the masses, it would be preferable to forcible budget balancing.

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Featured Commentary

by Satyajit Das | Jan 19

European Debt Games

Europe increasingly resembles a group of mountaineers roped together. As members fall one by one, the survival of the stronger ones is increasingly threatened. Read more

Guest Commentary

by Bradley Tirpak | Jan 7

Bono's New Debt Relief Cause

He should urge the press and pundits to include a denominator for each taxpayer every time they mention a new loan.

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