Monthly Archives: December 2011

Some black clouds for the global economy are billowing in China today while most are distracted by ongoing antics in Europe.  Some reminders courtesy of Ambrose Evans-Pritchard this morning (thanks Victor): -The Shanghai index has fallen 30% since May and is now down 60% … Continue reading →

A big wave of risk selling this week is hitting equities, commodities, gold and the Canadian dollar hard while capital has surged into bonds and the US dollar. The below risk-trade barometer captures these moves in a useful historical context. Source: … Continue reading →

Good discussion here on the need to hold capitalism accountable by forcing risk takers to take their losses with capital and personal risk in the system. Letting reckless players take excessive upside and escape the correcting downside is how we got the crash … Continue reading →