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Daily Archives: November 24, 2011
Canadian financials (like others around the world) are falling hard here, stand back. Remember dividends are no salve for missing limbs. Source: Cory Venable, CMT, Venable Park Investment Counsel Inc
Angela Merkel: “I find it extraordinarily inappropriate that the European Commission today focuses on eurobonds, in different varieties, giving the impression that the debt burden can be shared and that we can get rid of the errors in the structure … Continue reading
“Money alone is not going to resolve the problems” in Europe, where the “contagion is spreading” far beyond the so-called periphery, according to New York economics professor Nouriel Roubini. “The contagion has now gone viral, cross Atlantic and global.” If … Continue reading
Good overview of the problems in the dysfunctional Congress, and disastrous monetary policy from the Federal Reserve over the past 20 years, with David Stockman, former director of the Office of Management and Budget in the Reagan administration. Watch the segment here.
When the commentators start talking about “terrifying” economic outlooks, we know we are making some important progress to the downside. Not there yet, but markets are moving in the right direction in the price discovery process. Good recap on the … Continue reading
A worthwhile Bloomberg clip today with Jim Chanos, founder of hedge fund Kynikos Associates Ltd. Chinese banks are” extremely fragile” because the lenders do not have enough capital to offset bad loans. Watch the interview here.