Monthly Archives: September 2011

Mohamed El-Erian, chief executive officer and co-chief investment officer at Pacific Investment Management Co., discusses the prospects of a certain Greek default, the euro-zone debt crisis and the U.S. economy.   “Cash on the sidelines now is excellent defence and excellent … Continue reading →

Good top down view of risk today from technician Cory in this longer-term chart of the Shanghai Composite. More levered loans in Europe are unlikely to turn the tide of the global cyclical downturn any more than QE efforts over … Continue reading →

The ongoing side-show of the Euro crisis is dominating anew this morning. The latest fix for over-leverage in European governments and banks is a familiar old American favourite: add more leverage! European Union officials are reportedly proposing to each deposit … Continue reading →