Post Tagged with: "bubble"
The preposterous credit world view presented in Ben Bernanke’s lecture series at George Washington University
Federal Reserve Chairman Ben Bernanke’s lecture series at George Washington University is most unfortunate. The first instinct, at least here, is to let it pass. Two of the man’s characteristics will be addressed in what follows. First, his inability to anticipate. Second, his limited understanding of the past, which is a cause of his inability to anticipate
Jim O’Neill: Chinese GDP numbers are “a blow for the hard landing guys”
There has been a lot of discussion about whether China’s growth will slow enough to be considered a hard landing and what that would mean for the global economy and investors. Below is an account from Bloomberg featuring Goldman Sachs Chief Economist Jim O’Neill that is more in the soft landing camp. O’Neill also talks about the European sovereign debt crisis and Greece
Thoughts on Europe and the global synchronised slowdown
We are in a second synchronised global growth slowdown. Moreover, the policy response must be more muted this go round as the public sector is more indebted and has less policy space than in 2008 or 2009. Expect policy inaction followed by fits of volatility due to inaction. This points to a risk off a lot more than a risk on environment
Full Text: Moody’s revises rating outlook for Australian mortgage insurers to negative
Below is the press release issued by Moody’s in conjunction with the down grade of Australia’s mortgage insurers