Comments on: From Bubble Watch to Bust Watch

By: Tocqueville Year End Investor Letter

Tocqueville Year End Investor Letter — Sun, 29 Mar 2009 02:53:06 +0000

[...] From bubble watch to bust watch [...]

By: Chris

Chris — Sun, 25 Jan 2009 21:07:10 +0000

back of envelope - current global debt US$60T; in 5 years this halves (50.00% for the finicky), reducing one third each of inflation, debt repayment and debt write-off

By: mike

mike — Fri, 23 Jan 2009 20:49:19 +0000

...senor bernanke...how we can get out of here..?..." relax ricardo, there's nothin' ta fear from the bottomless pit of fiat finance except the fear of falling itself....we induce savers to coinfidently...uh connfidently enter the hole and join us, with their money bags of course...then we climb over their bodies using them as a human ladder to get ourselves out...then, we fill the hole with water aka liquidity and let the rest float to the top...then we pick out the best apples and take one bite out of each one as our fee for saving them...then throw them over there, into the free market where they'll sell at a discount of course...after which we'll discard the pulp and save the juice, god bless america an us too..."...

By: Karl

Karl — Fri, 23 Jan 2009 05:54:38 +0000

Good article as always.

Personally I think governments and central banks are chasing mirages and rainbows if they think a bank is ever going to be satisfied with any amount of free money. How good does the bank's balance sheet need to look before it decides it has enough money and is willing to lend again?

The biggest mistake the government could have ever made was to show the banks that it was prepared to give them money for their mistakes.

Once banks get the whiff that all they have to do is cry poor and the government and central banks comes running with buckets of cash, they'll cry poor.