Archive - Sep 28, 2009 - Blog entry

Should Britain get ready for a mass exodus of bankers who are pissed at these new measures to curb their bonuses? Oh please, where are they going to go? Wall Street? They're next in the line of fire.

Where IS the economy going? Ben Bernanke says we've turned the corner and the economy is in recovery. Don't assume that is the case. It isn't. The data has too many negatives to assume that everything is going to re-set to pre-2008. The prospect of deflation and then stagflation is a more likely scenario.

The Financial Times recently reported on the Fed’s latest exit strategy to eventually contain the inflation zombie...TD touched on this last Thursday, and we will expand upon it here as it is particularly relevant to our ongoing theory that it is the proceeds from permanent open market operations (POMOs) and their close cousins that are driving equities. Though this may be received wisdom to ZH readers, the Fed has done us the favor of providing additional evidence through the FT story. A bit of background, as we are new contributors to this forum:

Project Mayhem reviews the most important financial and geopolitical news of the past week and takes a look at the week ahead.