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Links: 2010-05-19 Too Much Chatter About Market Crashes
Subscribe to Our News Feed If you would like to receive our links in real-time please follow me at @edwardnh. Must Reads ‘Major Crash’ Likely If Stocks Break May 7 Lows, Russell Says - BusinessWeek Hugh Hendry Shorts China, Betting…
Koo Calls For Stimulus as Private Sector Deleverages
Richard Koo was on Bloomberg yesterday making a lot of good points about what public sector retrenchment will mean, namely a decrease in private sector savings. With households already highly indebted in many countries, this cannot be a…
Persevering Euro Weakness, German Naked Short-Selling Ban Stays in the Limelight
Highlights Euro weakness persevered into the European session, with Germany’s naked short-selling ban announcement still in the limelight (see below). The euro has broken through the $1.22 mark, down to a low $1.2144 in Asia - a…
The Big Bad Wolfpack and the Four Little Pigs
A short story inspired by the German shortselling ban. Once upon a time there were four little pigs and the time came for them to leave home and seek their fortunes. Before they left, their mother told them "Whatever you do, do it the…
No Recession in the Global Economy, but Divergence Aplenty
Yours truly is actually a macroeconomist, indeed with a knack for financial markets, but still; a macroeconomist nonetheless. However, you would not have gotten that impression from the writings here end last week where I worried a lot…
Bridgewater Associates’ Ray Dalio on Gold, Bonds, and Money Printing
Below is an excerpt of a Barron's interview with Bridgewater Associates' Ray Dalio which I first highlighted in February 2009 in A conversation with Bridgewater Associates’ Ray Dalio. Back then I highlighted the first part which…
Euro Losses Accelerate As Germany Bans Some Short-selling
Highlights The US dollar was stronger vs. the majors, as the euro was unable to hang on to its recent gains above 1.24. Euro selling accelerated after news of German regulator BaFin banning some short sales (see below). Euro…
Beggar thy neighbour: Martin Wolf is singing from my songbook
Obviously, the FT's Martin Wolf has been listening to the same preacher I have because he is singing my song. In today's FT he writes about the recent Beggar-my-neighbour eurozone policy and how the policy response in Europe has…
Guest Post: Truths and Myths about the "Greek Crisis"
The following is a guest post by Polyvios Petropoulos, a former university professor of economics and management in the US. Petropoulos contends that the austerity package drawn up by the IMF is not credible and that everyone knows Greece…
Whitney: The Small Business Credit Crunch
Meredith Whitney sounds off in today's Wall Street Journal about small businesses. She is worried about the lack of credit they are getting and its effect on the tenuous economic recovery in keeping the unemployment rate high. She writes:…