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For the global financial system to start functioning normally again, it is imperative that confidence in the credit markets be restored. This post is an update on the “Credit Crisis Watch”, gauging the progress being made to unclog credit markets. [...]
Nouriel Roubini is renowned for having foreseen the current economic malaise a number of years ago. He was scorned at the time by mainstream economists for being a crank, but the same people are now lauding him for his foresight. This post shares a three-part video interview with Roubini on topics ranging from the likely duration of the recession to regulation, the demise of more hedge funds and the outlook for stocks, commodities, currencies and bonds. [...] More on this topic (What's this?) Six Reasons Roubini is Wrong about the Recession (Wealth Daily, 10/15/11) Roubini: Euro Contagion is Now Viral; Eurozone Breakup (Shocked Investor, 11/23/11) Roubini: The Plane Is In Stall, Europe May Implode; Countries May Leave, Governments May Fall (Shocked Investor, 11/9/11)
Source: Tom Toles, Washington Post
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Another chapter in dealing with the credit crisis and recession was written on Tuesday when the Fed announced a no-holds-barred set of measures in a determined attempt to fix the broken credit machine, revive economic activity and stem the deflationary tide. Read all about this and the implications for financial markets in my weekly review. [...]
Hat tip: Barry Ritholtz, The Big Picture
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The past week’s headlines were grabbed by the Fed “betting the ranch” in an attempt to resuscitate the ailing US economy. As expected, a number of videos dealt with the frantic actions of Bernanke & Co. But the Ponzi scheme of scamster Bernard Madoff also vied for a place in the history books, causing more billions to evaporate to money heaven. A number of video clips that have attracted my attention are shared in this post. [...] | ||||||||||||||||||||||||||||||||||||||||||||||
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