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The U.S. Current Account Deficit & the Global Economy
By L.H. Summers, President Harvard University, 3 Ot 2004
A
Clear Mandate
(But Will The Foreign Creditors Go Along)
by Marshall, Auerback, Prudentbear.com
Hedge Funds: A Case for Caution
by Howard Marks
Con Job Redux
by Bill Grossman, PIMCO, Oct 2004
Haute Con Job
by Bill Grossman, PIMCO, Oct 2004
Collision Course
By Stephen Roach, Global Economic Forum, Morgan Stanley
27 Sept 2004
Putting
the World to Rights Again,
By Stephen Roach, Global Economic Forum, Morgan Stanley
30 Sept 2004
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1st quarter musings
April 2016: When central bank go all-in one
After the first two weeks of the year metamorphosed from the worst ever for equity markets into another epic market reflation, risk assets managed to finish the quarter more or less unchanged notwithstanding a barrage of downbeat macro economic data and news. As with each preceding market drawdown, the easy money cacophony grew louder with each tick lower in the S&P until the monetary suzerains delivered their goodies. And delivered they did! This will be remembered as the quarter when all major central banks took out their monetary bazookas: first off to the race was the PBOC with a mind blogging credit expansion of over half a trillion dollar in January alone (that’s almost the Swiss GDP) and a projected 3 trillion dollars for the full calendar year (add a Germany GDP to the credit tab). China credit bubble of 35 trillion dollars and counting is truly on its way to put to shame the US sub-prime bubble.(more)
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