Yesterday’s Japanese Downgrade Illustrates Our Proclamation Of The Paths To Contagion

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Thu, 01/27/2011 - 13:07 | 909609 hardcleareye
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As always great post. 

Thu, 01/27/2011 - 12:26 | 909464 whatz that smell
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...Tyler Durden, Reggie Middleton, Max Keiser, Marc Faber, Nassim Taleb, et. al....

the short list of the who's who invited to davos reptile feast... NOT!

 

Thu, 01/27/2011 - 12:18 | 909446 Tic tock
Tic tock's picture

If I see where you're going with this, the debt crisis Doesn't manifest itself in the Bond markets but skips the monetary balances, except as perceived inflatio, then as an industrial slowdown which leads to social unrest?

Thu, 01/27/2011 - 19:25 | 911211 Eternal Student
Eternal Student's picture

Hmmph. Came across this thread by accident; it must've scrolled off the front page too quickly.

To address your point, that's not my interpretation at all. The Bond Markets aren't skipped at all, but are the drivers of keeping the Central Banks honest. Note the word "Contagion" in the title, and the key flash points from the bottom up approach taken here.

We're not in a normal business cycle recession. The current economic mess is debt/credit driven, which is a seriously different beast.

Thu, 01/27/2011 - 09:01 | 908846 gookempucky
gookempucky's picture

Reggie many thanks to you and your team for your great work. My feelings and observations reveal that the U.S. is the largest PIG.

The Max K interview was well spot on. Be safe

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