Comments on: Bernstein: America “practically invites another catastrophe” http://www.creditwritedowns.com/2009/09/bernstein-america-practically-invites-another-catastrophe.html a finance news and opinion site Sat, 20 Mar 2010 07:45:06 +0000 hourly 1 By: homerovelazquezhttp://www.creditwritedowns.com/2009/09/bernstein-america-practically-invites-another-catastrophe.html#comment-6459 homerovelazquez Thu, 17 Sep 2009 04:39:24 +0000 http://www.creditwritedowns.com/2009/09/bernstein-america-practically-invites-another-catastrophe.html#comment-6459 It is a nice wish not going in another catastrophe... but... can you<br>prevent it? that´s a good question!<br>Just my view It is a nice wish not going in another catastrophe… but… can you
prevent it? that´s a good question!
Just my view

]]> By: Lehman’s collapse: The money fund “ice-nine wasn’t noticed… at first’” - Credit Writedownshttp://www.creditwritedowns.com/2009/09/bernstein-america-practically-invites-another-catastrophe.html#comment-6308 Lehman’s collapse: The money fund “ice-nine wasn’t noticed… at first’” - Credit Writedowns Wed, 09 Sep 2009 17:57:08 +0000 http://www.creditwritedowns.com/2009/09/bernstein-america-practically-invites-another-catastrophe.html#comment-6308 [...] a very worthy series of retrospective articles on the financial panic of September 2008.  I profiled the first one on Monday.  The next in the series came out yesterday and it makes for riveting and [...] [...] a very worthy series of retrospective articles on the financial panic of September 2008.  I profiled the first one on Monday.  The next in the series came out yesterday and it makes for riveting and [...]

]]> By: HWad964http://www.creditwritedowns.com/2009/09/bernstein-america-practically-invites-another-catastrophe.html#comment-6290 HWad964 Tue, 08 Sep 2009 16:54:41 +0000 http://www.creditwritedowns.com/2009/09/bernstein-america-practically-invites-another-catastrophe.html#comment-6290 1. The Quiet Coup . . .<br><br>2. Thus Bernstein and Rosenberg felt it necessary to leave ML/BAC.<br><br>3. Breakfast with Dave (Rosenberg) today describes "a toxic brew":<br><br>M1 fell 1.0% in the August 24th week and over the past four weeks is down at a 6.5% annual rate. M2 has contracted in each of the past four weeks too and over that time has slipped at a 12.2% annualized pace, which is a near-record decline. We see the same trend in the broad MZM money measure — off at a 15.8% annual rate over the past month. Bank credit also remains in a fundamental downtrend — contracting at an epic 9% annualized pace over the past four weeks.<br>So for the first time in the post-WWII era, we have deflation in credit, wages and rents, and from our lens this is a toxic brew that in the end will ensure that the focus on capital preservation and income orientation will be the winning strategy over a strict reliance on capital appreciation. 1. The Quiet Coup . . .

2. Thus Bernstein and Rosenberg felt it necessary to leave ML/BAC.

3. Breakfast with Dave (Rosenberg) today describes “a toxic brew”:

M1 fell 1.0% in the August 24th week and over the past four weeks is down at a 6.5% annual rate. M2 has contracted in each of the past four weeks too and over that time has slipped at a 12.2% annualized pace, which is a near-record decline. We see the same trend in the broad MZM money measure — off at a 15.8% annual rate over the past month. Bank credit also remains in a fundamental downtrend — contracting at an epic 9% annualized pace over the past four weeks.
So for the first time in the post-WWII era, we have deflation in credit, wages and rents, and from our lens this is a toxic brew that in the end will ensure that the focus on capital preservation and income orientation will be the winning strategy over a strict reliance on capital appreciation.

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