Archive - Nov 2010 - Blog entry

November 30th

Phoenix Capital Research's picture

Earlier this year, I noted that the European debt crisis was mimicking the US’s 2008 banking crisis almost to a T. Greece was the “Bear Stearns” issue: a minor player that was swallowed up in the drive to maintain the appearance of stability.

Then came the $1 trillion bailout, the equivalent of the Fannie/ Freddie “blank check”: a massive sum of money thrown at a problem meant to convey the illusion that the powers that be have everything under control and that systemic risk is non-existent.

Vitaliy Katsenelson's picture

There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen. … the bad economist pursues a small present good that will be followed by a great evil to come, while the good economist pursues a great good to come, at the risk of a small present evil.

Frederic Bastiat (1801-1850)

Econophile's picture

After a nice Thanksgiving spectacle of turkey, pumpkin pie, relatives, cool days of bright California sunshine, and college football, it's time to turn back to the serious business of the economy. Here is a review of the latest data. This is stuff you should know.

Reggie Middleton's picture

I go where the mainstream media fears to tread, presenting analytical proof that Ireland will have to default with debt to GDP passing the 160% level. Yes, that's post IMF/EU/Bilateral state banks leveraged too much into Ireland loan/Pension fund raiding bailout! In essence, Germany has admitted what the numbers scream - Ireland is already in default, and it has been staggered out into the future via this bailout. 2013 is the magic number, right Ms. Merkel?

madhedgefundtrader's picture

The Renaissance woman of the international investment newsletter scene gives a wide ranging interview on Hedge Fund Radio. Bullish on the US dollar, despite the vast majority of traders happily positioning for the decline and fall of Uncle Buck. It’s simply a matter of betting on the simultaneous strengthening of the US economy and a slowdown in Europe. Cautious on Brazil, but Chile, Poland, Thailand, and India look hot. The Yuan can only go up. Searching for value in Greece. (EWZ) (UUP), (EUO), (PT), (EWZ), (TF), (PLND), (ECH), (PIN), (FXI), (GIFD), (PCY),

Pivotfarm's picture

Retail traders are notoriously wrong at picking market direction/tops and bottoms. Most retail traders very naturally seem to adopt a counter-trend stance and this offers very accurate signals for individuals looking to trade against this group. This daily report is designed to help traders focus their efforts on higher probability pairs.

November 29th