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In a similar vein: http://zerohedge.blogspot.com/2009/03/real-facts-behind-commercial-real.html

Excellent points. China has no private consumption to speak of -- and won't have any for another decade or two. What will drive Chinese GDP once their fixed asset investments into bridges and office towers fizzles? Saving rates in North America and Europe are going through the roof...

What if the US savings rate is not just going up cyclically, what if this is a secular change? If this is the case - like after the Great Depression - then even just a US savings rate going back to the 70s levels of 8% would make the US Treasury way less dependent on China and other foreign...

That was true 1990 (Japan) and 2005 (US). Not anymore. http://ftalphaville.ft.com/blog/2009/03/26/54028/us-and-japanese-savings-the-quiet-reversal/

A slumping EUR would be a gift sent from heaven for export heavy Germany. Steinbrueck knows that. The more it tumbles the less industries he has to bail out. His lamenting is not to be taken seriously.

How Goldman Sachs was at the center of the oil trading fiasco that bankrupted pipeline giant Semgroup. When oil prices spiked last summer to $147 a barrel, the biggest corporate casualty was oil pipeline giant Semgroup Holdings, a $14 billion (sales) private firm in Tulsa, Okla. It had racked...

Wow, who said all those weekend rhetoric classes at Eton College were just a waste of time.

EUREX and LIFFE data is down for me at IB. US futures and stock data fine though.

See attached. price > $1, sector financial (out of all SP500), mcap > $500m Total market cap of these SP500 stocks (which are money center banks, brokers, insurance co's etc. etc) is $815bln

Classic Freudian slip :cool:

The ironic thing is that Kass' fund (Seabreeze Partners) is a short bias hedge fund. He is paid to be bearish. Long enough bear markets tend to make bulls out of the most stubborn bears at the most inopportune times.

Talk about partying like it's 1999. http://www.spiegel.de/international/europe/0,1518,614960,00.html After joining the EU, the Baltic countries in particular made enormous progress in catching up with their Western neighbors, sometimes growing at double-digit rates. Romania, a latecomer to...

"Ladies and gentlemen, I beg you, please go pull up a picture of the Gold price over the last 10 years. It goes up in a very very straight line. In fact, gold is much safer than any other investment. Today, we present you this collection of XZY gold coins at an unbeatable price..."

The $HUI mining index is still 35% below the March 2008 peak when spot gold was @ $1020.

Funny this is coming form the CZ premier (same guy that got kicked out of office on the same day the article appeared?). Isn't the Czech republic together with their entire socialist brethren of the former Eastern Block bankrupt?

Time to buy some gilts it seems :cool:

Expectations as expressed by market prices are what they are, whether you agree with them or not. You can always bet against them. Somebody raised the point that "inflation expectations are high". They are not. Not now.

The global downturn has hit Eastern Europe with particular vengeance. Countries that profited more than many others from globalization and were previously capitalism's rising stars are now seeing demand for exports collapse, along with their currencies. They are bracing for a hard landing...

"People" (the market) expect annualized 1.35% CPI over the next 10 years. That's certainly not high by any definition. http://www.bloomberg.com/apps/quote?ticker=USGGBE10%3AIND