News from around the web: 2009-10-11
There will be contagion: Lithuania and Estonia at a minimum.
Gives you a taste of the extent of the shadow inventory overhang
Wonderful post on Michael Moore’s new movie.
T-mobile lost a bunch of data… permanently. This is a big deal. How can you protect yourself?
On how the government is completely captured
More protectionist strains in global trade
Good additions to debate on imbalances
The budget there is a black hole
Icelanders remain angry at the economic collapse
Will the FDP put the Kibosh on this? Spain, UK and Belgium will add pressure.
Selling off everything at Citi. Seems like a low price
Another internet hoax makes a stir in China
Expectations are for big profits on Wall Street
The ban is because of the state aid the firms receive
Japan is back to huge surpluses.
Again, retail sales is up. That’s big news.
Yes, the FHA is in big trouble.
Very cool hint for anyone who uses a USB stick.
Or rather why oil production will decline.
10 percent more coming.
Ireland in a deflationary depression.
Fitch says the recent increase is a false dawn
This serves as an example of why one needs a more secure password.
A strong dollar policy is not credible
Must read.
This counteracts any Federal stimulus.
Google has a long way to go to be as user-friendly as the iPhone.
I fully support Google here.
Distraction of the Day: Celebrity Look-a-likes with a twist
Edward,
When the effects of the housing shadow inventory hit, are we better off to be in bonds? gold? how about foreign bonds?
Barry
Sorry it took me a long time to respond, Barry. The shadow inventory overhang is one thing that makes me feel we are not off to the races – and that’s a good thing as far as asset price inflation goes. I prefer gold to bonds because gold represents a fiat currency hedge whereas bonds are good more as a safe haven and in deflation. If we do get any inflation to speak of via a dollar rout, expect bonds to get crushed.