All Posts Tagged With: "unemployment"

This rally has gone on for so long most people think it is not a rally at all, but a new bull market.

Most of these are interest rate and credit derivatives. As we learned in the last two years, the big risk here is to institutions which owe and own these obligations amongst one another. In our view, the degree of interconnectedness among these obligations (they still aren’t unwound) still makes the entire global financial system vulnerable…

There are many towns and cities that are losing population…losing key industries…and probably on the verge of extinction.

First, there is a real economic phenomenon going on – the depression. It’s alive and well…and doing just fine. Households are de-leveraging. Businesses are building up cash.

The Fed will not raise rates anytime soon. But it takes more than low rates to create a durable boom on Wall Street.

This is a fight that goes on all the time. But it is usually kind of a ‘cold war.’ Years go by without much activity. Stocks meander. A few companies go bust. A few boom.

Meanwhile, the financial world keeps working its way through this period of great confusion and uncertainty. Nobody knows what to think. Nobody knows what anything is worth.

The Wall Street Journal says they’ve turned their guns around. The Fed is a “Bubble Fighter” now, it reports.