BIS released their triennial central bank survey of foreign exchange and derivatives market activity. Key findings on the global foreign exchange market: Global foreign exchange market turnover was 20% higher in April 2010 than in April 2007, with average daily turnover of $4.0 trillion compared to $3.3 trillion. The increase [...]
Sep 012010
For those who have heard calls that the Fed should raise short-term rates to avoid a deflationary trap, but cannot see how that could help promote growth, Bill Hester of Hussman Funds provides an explanation. He also illustrates investing tactics within such an environment, which feels more like a poker [...]
Overdose is a must see ABC /Four Corners documentary on the current financial and economic crisis as it developed over the past decade and as it is expected to evolve over the coming decade. “This is the story of the greatest financial crisis we’ll ever see…the one that’s on its [...]
Dylan Asks: What the heck is wrong with the economy? Peter Schiff and Henry Blodget (yes, that Henry Blodget) answer. You might not like what they say. Visit msnbc.com for breaking news, world news, and news about the economy Share, Print or PDF
Chris Whalen decimates the competition. (No, it’s not a boxing match. But I wish it was.) Dow 36,000 here we come?!
Aug 252010
KC Fed President Thomas Hoenig on leverage and housing. Unbelievably, individuals still think that housing will go up by 10% a year once a recovery takes hold!!!!!!!!!! Hoenig responds: “If the American people are looking for the housing market to be their investment opportunity, I think they’re making a mistake.” [...]
From Hinde Capital: Long term silver fundamentals imply a substantial re-rating of silver will happen, but this was first highlighted at the beginning of the decade and as yet remains highly undervalued. When such assets are so undervalued one has to maintain a core allocation. However as Fund managers, we [...]
Timmy G. on the future of Fannie and Freddie. It looks like US housing will be sucking the US Treasury’s teet for some time to come. Bill Gross – aka the Bond King – comments. He essentially says that Fannie Mae and Freddie Mac should ignore market pricing, risk and [...]
Aug 172010
My attempt at humor. Pass this one on to your friends and family.
Janet tears the banking system and political cronies a new one in her new op-ed piece posted on HuffPo. As usual, she points out the painful inconsistencies, contraditions and conflicts that make up a significant part of our economic system. If this were another day and age people wouldn’t put [...]
Max talks with former banking regulator William K. Black about rackets and fraud in the financial sector. There are systemic problems with the creation and enforcement of laws to manage the banking industry – this void is highlighted by missing stimulus money and massive 2009 bonuses. Black explains. Starts at [...]
Aug 122010
Not sure if I posted this before, but here’s an interesting interview with Richard Koo…Japan’s lost decade has lots of similarities to the US today! Nomura Research Institute’s Richard Koo says that what the world is experiencing right now, a “balance sheet recession,” is different from traditional recessions. However, Japan [...]
In an Op Ed posted on Bloomberg, Boston University prof Laurence Kotlikoff cited research conducted by the IMF effectively highlights the dire state of US public finances: “The U.S. fiscal gap associated with today’s federal fiscal policy is huge for plausible discount rates.” It adds that “closing the fiscal gap [...]
