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June 22, 2013 0

Fairy Tale Investing: "Believing in Bernanke is like believing in Father Christmas"

By News Desk

Fairy Tale Investing: "Believing in Bernanke is like believing in Father Christmas" Posted by Michael Shedlock at 1:30 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s).

June 21, 2013 0

Lester Leaps In

By News Desk

Eli Rabett Eli Rabett Eli Rabett is a not quite failed professorial techno-bunny, a chair election from retirement, at a wanna be research university that has a lot to be proud of but has swallowed the Kool-Aid. The students are naive but great and the administrators vary day-to-day between homicidal and delusional. His colleagues are smart, but they have a curious inability to see the holes that they dig for themselves

June 19, 2013 0

Cash Squeeze in China, Interest Rate Swaps Rise Most in 22 Months; China’s Credit Bubble About to Pop; Shadow Banking Crackdown

By News Desk

In a followup post, Ambrose Evans-Pritchard writes Fitch says China credit bubble unprecedented in modern world history China’s shadow banking system is out of control and under mounting stress as borrowers struggle to roll over short-term debts, Fitch Ratings has warned.  "The credit-driven growth model is clearly falling apart. This could feed into a massive over-capacity problem, and potentially into a Japanese-style deflation," said Charlene Chu, the agency’s senior director in Beijing. "There is no transparency in the shadow banking system, and systemic risk is rising