- Investment Postcards from Cape Town - http://www.investmentpostcards.com -
Prieur’s readings (August 24, 2009)
Posted By Prieur du Plessis On August 24, 2009 @ 8:22 am In Investment,Markets,Money | 3 Comments
This post provides links to a number of thought-provoking articles I have read over the past few days that you may also find of interest.
• Edmund Andrews (The New York Times): World bankers suggest rebound may have begun [1], August 21, 2009.
Central bankers from around the world expressed growing confidence on Friday that the worst of the financial crisis was over and that a global economic recovery was beginning to take shape.
• Rich Miller and Alison Sider (Bloomberg): World economy emerging from worst recession since World War II [2], August 22, 2009.
The global economy may be coming out of the worst recession since World War II as record-low interest rates and trillions of dollars in fiscal stimulus spur demand.
• John Hussman (Hussman Funds): Bernanke sees a recovery – how would he know? [3], August 24, 2009.
Nouriel Roubini (Financial Times): The risk of a double-dip recession is rising [4], August 23, 2009.
The recovery will be far less robust than the optimists think. There is now a rising risk of a double-dip W-shaped recession if oil, energy and food prices continue to rise – as they are now – faster than economic fundamentals warrant.
• Michael Santoli (Barron’s): Gummy bears [5], August 24, 2009.
Try not to overthink what the market might be saying. Cut in half from here? Unlikely.
• Floyd Norris (The New York Times): America may need to find another financier [6], August 21, 2009.
As the United States rolls up record budget deficits, Asian countries are showing a reduced willingness to finance the debt.
• Wolfgang Münchau (Financial Times): How toxic finance created an unstable world [7], August 23, 2009.
Global imbalances would not have become so extreme if global finance had not provided the instruments.
Article printed from Investment Postcards from Cape Town: http://www.investmentpostcards.com
URL to article: http://www.investmentpostcards.com/2009/08/24/prieur%e2%80%99s-readings-august-24-2009/
URLs in this post:
[1] World bankers suggest rebound may have begun: http://www.nytimes.com/2009/08/22/business/economy/22fed.html?em
[2] World economy emerging from worst recession since World War II: http://www.bloomberg.com/apps/news?pid=20601087&sid=apyDezq0ykuU
[3] Bernanke sees a recovery – how would he know?: http://www.hussmanfunds.com/wmc/wmc090824.htm
[4] The risk of a double-dip recession is rising: http://link.ft.com/r/WDI4RR/BOPF8/L9VHQ/23LTD/NKH6A/ID/t
[5] Gummy bears: http://online.barrons.com/article/SB125089395111750479.html#mod=BOL_hpp_dc
[6] America may need to find another financier: http://www.nytimes.com/2009/08/22/business/economy/22charts.html?_r=1
[7] How toxic finance created an unstable world: http://link.ft.com/r/WDI4RR/BOPF8/L9VHQ/23LTD/H73L1/ID/t
[8] Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.: http://www.feedburner.com/fb/a/emailverifySubmit?feedId=921608&loc=en_US
[9] (What's this?): http://www.wikinvest.com/blogger/wikinvest_wire
[10] Must Reads August 24, 2009: http://www.contrarianprofits.com/articles/must-reads-august-24-2009/20091
[11] FDIC Closes 24 Banks in July; Random Event or Wilting Economy?: http://thevalueatrisk.blogspot.com/2009/08/fdic-closes-24-banks-in-july-random.html
[12] Must Reads Friday, July 24, 2009: http://www.contrarianprofits.com/articles/must-reads-friday-july-24-2009/19438
[13] Burwill HLDGS: http://www.wikinvest.com/stock/Burwill_HLDGS_(HKG:24)
[14] Wikinvest: http://www.wikinvest.com
Click here to print.
Copyright © 2008 Investment Postcards from Cape Town. All rights reserved.