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Economics and Investing:
Shrike sent this: The
Size of Derivatives Bubble = $190,000 Per Person on Planet. Shrike's
comments: "Jim, you were uncomfortably prophetic in your
September, 2006 article, predicting that derivatives would be a major problem. Until your article, I'd never even
heard of the term, at least in terms of financing and markets. Not surprisingly,
we still hear very little from mainstream media about them."
Reader "Parsley" mentioned an London Telegraph article
that does not bode well: IMF
poised to print billions of dollars in 'global quantitative easing'. Consumer
price inflation on a grand scale is a likely result Get out of
paper currencies, and into practical tangibles, soon!
Items from The Economatrix:
Wall
Street Moves Higher, Building on Four-Day Rally
Oil Drops 5% after OPEC Votes to Maintain Levels
Turmoil Pierces Heart of Global Economy
UK: Air Passenger Numbers Drop for First Time in 17 Years
Switzerland's Biggest Bank, UBS, Cutting 5,000 Management Jobs
Staggering Deficits in an Inflationary Economy
Ukraine
and Latvia Warn of Disaster if Not Helped
Jim Cramer's Full Explanation of Stock Market Manipulation
US Faces New Depression Misery as Financial Crisis Worsens
Extraordinary Stress in the Silver Market
27 Visualizations and Infographics to Understand The Financial Crisis
Bar-Mat
Horrors (The Mogambo Guru)
BofE
Warns Banking Tensions at Fever Pitch "Tensions in the financial
system are approaching the fever pitch they reached before the collapse of
Lehman Brothers last October, the Bank of England
has
warned."
Britain Showing Signs of Heading Toward 1930s-Style Depression
