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Monthly Archives: September 2011
Pimco’s El-Erian: “Euro bailout won’t avert recession”
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
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Chinese market flirting with pre-QE2 lows
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
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Geithner’s genius to EU: “Add more leverage and stir”
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
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