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It is Japan we should be worrying about not America
Japan is drifting helplessly towards a dramatic fiscal crisis. For 20 years the world's secondlargest economy has been able to borrow cheaply from a captive bond market feeding its addiction to Keynesian deficit spending - and allowing it to push public debt beyond the point of no return.
Ukraine’s Problems Show No Sign Of Abating
Ukraine’s Problems Show No Sign Of Abating
fistfulofeuros.net — Despite the fact the Ukraine administration is resplendent with confidence that the International Monetary Fund is going... to release the next $3.4 billion payment under the country’s $16.4 billion lending program with the Fund, things are not so clear. In fact the International Monetary ... (more) Ukraine’s Problems Show No Sign Of Abating
The significance of the IMF-RBI gold sales
The significance of the IMF-RBI gold sales
themessthatgreenspanmade.blogspot.com — Much has been written in the last two days about the surprising purchase by the RBI (Reserve... Bank of India) of some 200 tonnes of gold bullion, valued at about $6.7 billion, from the IMF (International Monetary Fund). Is this really a significant ... (more) The significance of the IMF-RBI gold sales
Gold! India! Gold!
Gold! India! Gold!
themessthatgreenspanmade.blogspot.com — Yesterday's theory of a "limit up" of $50 a month for gold gained more credibility during Day... 2 of November, the price of the yellow metal given a shot in the arm by the announcement from the IMF that they had sold 200 tonnes of gold to the Reserve ... (more) Gold! India! Gold!
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Links 11/2/09
naked capitalism — ... It is Japan we should be worrying about, not America Ambrose Evans Pritchard. Note that whether you agree with Evans-Pritchard will depend on where you came out in our debate on debt last week (ie, your understanding of government monetary operations) ...

Further reading
FT Alphaville — Elsewhere on Monday, and on the weekend, - More Goldman - how it secretly bet on the US housing crash. - Roubini on dollar carry reversal - “ he’s only halfway there “. - It’s Japan we should be worrying about . - Tune in, chill out: the secret of composed investing . - UK banks are ‘too big to exist’ ? - Geely and China’s two markets . - Are bankers worth their paychecks ? - Wall Street’s top 10 scariest Halloween costumes . - And the world’s scariest stocks . - Bernie’s legitimate strategy-gone-wrong . - ...

Ambrose Evans-Pritchard: Worry About Japan, Not America
The Big Picture — ... That’s a devastatingly accurate indictment from a piece he published in the Sunday Telegraph:   It is Japan we should be worrying about, not America. ...

Monday morning links
The Mess That Greenspan Made — ... About Hyperinflation - The Atlantic Ford’s Plan to Cut Costs Falls Short in Union Vote - NY Times As jobs vanish, factory towns slow to see stimulus - AP Supply-Side Ideas, Turned Upside Down - NY Times INTERNATIONAL Mother of all carry trades faces an inevitable bust - FT UK manufacturing grows at fastest pace in two years - Telegraph China survey suggests sustained industrial expansion - Reuters It is Japan we should be worrying about, not America - Telegraph More quantitative easing is on ...

Equity markets, Japan and the Apocalypse of St John
FT Alphaville — ... and Zimbabwe don’t really count). In recent years their baleful gaze has been more directed to the US, but the ebbing of the optimism has caused them to dust down their Japanese doomsday scenarios, usually focusing on debt, demography and default. My taste for the apocalyptic does not extend beyond St John [ The Book of Revelation ]  but if you like that sort of thing you can check out the articles in [Monday’s] FTfm and Daily Telegraph by  Edward Chancellor and Ambrose Evans-Pritchard respectively, or look up the Barrons article by Jonathan Laing . ...

Why Bernanke And Geithner's Gambit Fails
The Market Ticker — ... Two days ago Ambrose Evans-Pritchard opined that Japan is staring down a dramatic implosion in their economy and government: ...

Evening links 11-3
Rolfe WinklerIt’s Japan we should be worrying about, not America (Evans-Pritchard) There’s no pretty way to de-lever… Buffett splits “B” shares 50:1 (Jonathan Stempel/Lilla Zuill, Reuters) This will put shares in reach of regular folks. Look for index funds to load up. Oh and by the way, this should make it easier to short Buffett too… Santelli vs. Liesman (CNBC) Santelli has a penchant for getting worked up, but how can you blame him when he’s talking to Liesman, who seems so worried about losing access to top ...

Warren Pollock: Zombie Banks, The Game Has Changed
[ The Financial Ninja ] — ... It is Japan we should be worrying about, not America: "Japan is drifting helplessly towards a dramatic fiscal crisis. For 20 years the world's second-largest economy has been able to borrow cheaply from a captive bond market, feeding its addiction to Keynesian deficit spending – and allowing it to push public debt beyond the point of no return." ...

Warren Pollock: Zombie Banks, The Game Has Changed
[ The Financial Ninja ] — ... It is Japan we should be worrying about, not America: "Japan is drifting helplessly towards a dramatic fiscal crisis. For 20 years the world's second-largest economy has been able to borrow cheaply from a captive bond market, feeding its addiction to Keynesian deficit spending – and allowing it to push public debt beyond the point of no return." ...

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