You know it’s just a matter of time before one of these guys walks.
Bernanke
Venezuelan Tyrant to Debase Currency Ahead of Make Believe Elections
The fat, foolish and dangerously ignorant dictator Hugo Chavez* has sent consumers in his Papaya Republic racing to the shops this weekend as the government has decided to “adjust” the local currency lower in a bid to kickstart economic growth.
Three Ring Currency Circus: China, Japan and the US
Welcome to the Three Ring Currency Circus: Central bankers as ringleader, metals and energy prices as the strong man, China as barely-tamed lion, Japanese stuffed in the clown car and the US taxpayer as the guy who cleans up after the elephants.
about that wall of cash on the sidelines…
It’s the shock of the century! Helicopter Ben drops rates to a semi-permanent zero percent and people decide that saving is pointless! Whodathunkit? They then pull cash out of money markets and fling it at anything doing business in China or promising a decent bond yield.
Hot Links: Winter Wars
Hot Links for Morning Reading
Hot Links: In The Bunker
Stuff I’m Reading this Morning… The SEC hedge fund probe is going deeper. (DealBook) Classic Crudele: What Bernanke should answer for in his hearing today. (NYP) I’m making this one the post of the day: Carl Icahn talks activist investing with Robert Shiller‘s financial markets class at Yale. (Greenbackd) Get yourself up to speed and…
Hot Links: The New King of Wall Street
Stuff I’m Reading this Morning… Ending second worst decade for US stocks in history, The Dow has lost 9.2% over the last 10 years. (Bespoke) No stranger to scandal himself, Larry Kudlow has some advice for Tiger Woods. (CNBC) BlackRock passes $3.2 trillion in assets, CEO Larry Fink is the new King of Wall Street. …
Hot Links: Cramer Reverses on Trader Tax, Taleb in Exile & Flying Cars
Stuff I’m Reading this Morning… Stocks set to rip at the open as Dubai gets the rearview mirror treatment and China posts big data. (Bloomberg) The Andrew Ross Sorkin op-ed on Dubai, A Financial Mirage in the Desert. (NYT) Our economic consequences for being fat slobs. (InvestingCaffiene) A guide to November’s stock buyback announcements, including…
Droppin' Knowledge: Henry Kaufman on the Politicization of the Fed
Henry Kaufman has a great op-ed in the Wall Street Journal this morning in which he expresses his near-term fears about a politicized Federal Reserve. In the course of making his case that some political involvement in monetary policy is probably unavoidable, he gives us a quick history lesson on how US Presidents have historically…
Bernanke's Blizzard of Bucks
Oh the weather outside is frightful But recovery’s delightful And since we’ve no jobs to go Let it snow, let it snow, let it snow Cartoon Source: Cagle.com
