The BIS annual report is out, and you probably won’t read a more depressing economic brief this year. The gruesome details: Global economic growth in advanced economies was halved last year, to 1.6%, amidst an “abysmal fiscal outlook”; we have “a global banking system that is still dependent on economic support”; bank credit spreads are…
Tag Archive for Last Decade
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About Those 8 Million "Lost" Jobs
by Bears Chat at The Wall Street Examiner • • 0 Comments
Time and again you hear pundits say that what the U.S. experienced in the last decade was a terrible boom/bust cycle for the housing and credit markets. But then, almost in the same breath, they oftentimes say the nation must do whatever it can to g…
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Look for 2012 to be the year of the dollar
by Bears Chat at The Wall Street Examiner • • 0 Comments
Dec. 28, 2011, 3:53 p.m. EST
Look for 2012 to be the year of the dollar
Commentary: Currency wars favor the greenback
By David Callaway, MarketWatch
SAN FRANCISCO (MarketWatch) — At a meeting in London last month I listened with mild amusement as a…
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New York State Says Bank of NY Mellon Cheated Pension Funds
by Bears Chat at The Wall Street Examiner • • 0 Comments
October 4, 2011
New York State Says Bank Cheated Pension Funds
By ERIC DASH
New York’s attorney general accused Bank of New York Mellon on Tuesday of cheating state and municipal pension funds nationwide out of nearly $2 billion in foreign exchange …
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Dow 20,250 by 2020…But First, A Big Crash
by Bears Chat at The Wall Street Examiner • • 0 Comments
SAN LUIS OBISPO, Calif. (MarketWatch) — Warning: 91% of America’s financial planners are pushing clients into riskier investments, according to a new Financial Planning Association study on “Alternative Investments.” Get it? In today’s hig…
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Real lunatics: 1) Obie, out of the blue, taps the oil reserve
by Bears Chat at The Wall Street Examiner • • 0 Comments
Not that this isn’t a little late to ask, but WHERE THE HELL ARE THE ADULTS, RUNNING THIS COUNTRY?!
I suppose it’s idiotic, after all the crap that’s gone on in the last decade, to be surprised by any of this.
Count me as ‘headed towards 1’ on Eric J…
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The Extinction of Retirement
by Bears Chat at The Wall Street Examiner • • 0 Comments
For the better part of a century the foundations for a semi-comfortable retirement for many Americans have rested on the financial pillars of rising real estate and equity prices, positive real interest rates on savings, the continued solvency of…
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Lind – Everything You’ve Heard about Fossil Fuels May Be Wrong
by Bears Chat at The Wall Street Examiner • • 0 Comments
From Salon:
“As everyone who follows news about energy knows by now, in the last decade the technique of hydraulic fracturing or “fracking,” long used in the oil industry, has evolved to permit energy companies to access reserves of previously-unrecov…
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Peak Oil Has Shattered The Housing Sector
by Bears Chat at The Wall Street Examiner • • 0 Comments
Of the many asset classes to be victimized by the end of cheap energy, residential real estate is perhaps the most vulnerable. A call option on future wage growth, and, leveraged to our liquid-fuel based transport system, housing in North America is…
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Wall Street Loves Weak Dollar and Weaker Fed
by Bears Chat at The Wall Street Examiner • • 0 Comments
Since early 2009 (when the U.S. stock bull market began), the U.S. dollar has collapsed. The Brazilian real is up 56%, from 41 cents to 64 cents. The Canadian dollar is up 35%, from 78 cents to $1.05. The Swiss franc has also risen 35%, from 85 cents t…
