- Where is the inflation the Fed is so worried about: PPI at -1.2%, below estimate of 0.0% (Bloomberg)
- And as for the consumer spending spree... that's not so hot either (Bloomberg)
- When China's property prices drop in half, who bails them out? (FT, hat tip M)
- Barack Vs the banks (The New Republic)
- Is surgical bankruptcy a possibility for GM (Dealbook)
- Yves Smith: Geithner's and Citi's days are numbered (Naked Capitalism)
- Is the stock market an "efficient" market? (Becker-Posner)
- Banks getting trapped in the TARP roach motel (Washington Post)
Bookmark this post with:
4 comments:
maybe it's time to start thinking about that copper short again.
Wrong. Fed has yet to be worried about inflation since the crisis began. They've consistently been worried about deflation. As a matter of fact, they've emphatically denied that inflation is a problem and that inflation can be controlled.
that's what i meant, it's time to start thinking about the point of entry, 1.98 or so seemed early but now that it's around 2.15 and the market is running out of steam, chinese seem to be buying less and stimulus has been played out, plus renewed consumer retrenchment. I think now is a better time to find opportunities to short overvalued assets.
china's capacity expansion stimulus gives them 6 months for the world economy to rebound to levels last seen in 2006-2007. obviously thats a ridiculous notion, china is just prolonging the wait for the inevitable GDII.
Post a Comment