This Week’s Most Popular Posts: 2010-11-21

By Edward Harrison On Nov 21, 2010

Mr. Obama’s Most Recent "2%" Sellout is his Worst Yet Michael Hudson on how President Obama’s economic policy has not benefitted ordinary Americans.
On The Alleged Irish Bank Deposit Flight My view on why the incipient Irish bank run would mean a bailout was inevitable
With Ireland on the brink, the 1931 Credit Anstalt talk is resurfacing More on the Irish situation and why a bailout would be necessary to prevent a European-wide problems. I point to the tax issue as a potential bailout Trojan horse that the Irish government would resist.
Jim Chanos makes the bearish case on China: Based on a Fortune article and video of Jim Chanos explaining why he is still bearish on China and making direct bets on individual companies to back up his views.
Amateur Hour at the Federal Reserve Marshall Auerback’s take on quantitative easing and what it says about the Federal Reserve
QE2 Is Equivalent to Issuing Treasury Bills Randall Wray demonstrates that QE is an asset swap equivalent to retiring long-dated Treasuries and replacing them with Treasury bills.
Here come the Argentine Style Riots in Ireland We should look to avoid civil unrest in Ireland but unless there is greater burden sharing it could be coming. Note that many other countries also instituted deposit guarantees and the Swedes guaranteed bank debt when fixing their banking system in the 1990s. This article makes important points contrasting these episodes.
Stephen Roach: US cannot handle the liquidity provided by Fed Roach knows that the US will not absorb all the liquidity pumped out by the Federal Reserve such that much of it leaks out into emerging markets, putting pressure on their economies.
Janet Tavakoli on the Foreclosure Crisis and Systemic Fraud Issues Good Tavakoli interview highlighting fraud issues in the context of the foreclosure crisis.
Finland: Don’t Push Irish into Bailout The Finns called for delaying or preventing an Irish bailout. This article tells one why and gives a better view into how domestic politics will impinge on the European sovereign debt crisis.
Put-Back Losses on Mortgages Estimated at $52 Billion John Lounsbury shows how put-back losses could be large for American banks who sold mortgage backed securities.
The Precious Metals Correction Good analysis from Casey Research of where gold, silver and precious metals could be headed after a market correction.
Dollar War in Detail Michael Hudson with a must-read polemic arguing that US monetary policies have ill-effects abroad that are destabilising everywhere.
On Printing Money and Debasing The Currency Why I think you can and should talk about US policymakers’ attempts to jumpstart the US economy with money printing and weaken the dollar to gain a competitive advantage in export markets.
The Celtic Chimera Bill Black’s view on the Irish debt crisis, financial regulation and control fraud in Europe.