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Grantham: Deflation has won on points
Well, I, for one, am more or less willing to throw in the towel on behalf of Inflation. For the near future at least, his adversary in the blue trunks, Deflation, has won on points. Even if we get intermittently rising commodity prices,…
Homeland Security Control
There is a comprehensive review today in The Washington Post of a two year investigation of a hidden world that orbits what is known as Homeland Security. Here are a few highlights: These are some of the findings of a two-year…
John Hussman on Taxes and Tobin’s Q-Ratio
John Hussman is out with his latest weekly commentary. He continues to make good points about the market's overvaluation despite the forward earnings crowd's cries that P/E ratios (see Hussman: US shares are 40% overvalued). While Comstock…
German Institution Said To Fail Stress Test
Marc Chandler is on holiday. This post comes via Win Thin, senior currency strategist at BBH. Newswires are reporting that a big German institution failed the bank stress tests. The fact that this institution had already been taken…
Is the euro on shaky ground?
Adam Hewison at INO does a little technical analysis of the EUR/USD trends in a video at INO MarketClub. I have linked to the video below, but first a few words. Back in May, I wrote: while there is currency revulsion now at work and…
Economists on jobs and other links
Just a reminder, I will be on BBC Radio Five Live sometime around noonish tomorrow ET. I will post the links to my BNN piece from last week later today. The topic of today is jobs. There were a number of posts in which economists and media…
Morning Market Preview: Irish Bonds Cut By Moody’s, Problems in Hungary
From Brown Brothers Harriman's Currency Strategy Team Highlights US dollar is mostly firmer on the day vs. the majors as risk off trading seems to be on the upswing, losing ground only to CAD and EUR. The euro made another attempt…
On What Germany Has Learned About Debt And Other Links
Topic of the day: German economic policy Tyler Cowen -.Economic View - What Germany Has Learned About Debt - NYTimes.com This Op-Ed in the New York Times echoes some themes I laid out in "Lessons We Can Learn On How Stimulus And…
The Debt Supercycle
By John Mauldin. I have been writing about The End Game for some time now. And writing a book of the same title. Consequently, I have been thinking a lot about how the credit crisis evolved into the sovereign debt crisis, and how it all…
Misunderstanding Modern Monetary Theory
Paul Krugman wrote a post today regarding MMT called "I Would Do Anything For Stimulus, But I Won’t Do That (Wonkish)." The gist of Krugman's post was to refute Modern Monetary Theory's view on money and deficits. Krugman writes:…