Nassim Taleb, known worldwide for his book “The Black Swan” discusses his new book, “The Bed of Procrustes: Philosophical and Practical Aphorisms“, and more with CNBC.Source: CNBC, December 2, 2010.Did you enjoy this post? If...
Read MoreThe graph below, courtesy of Citywire, shows the expected change in government debt in 2011 versus the current debt for a number of countries. As shown, U.S. debt is much higher than average and, like Greece and Ireland, will...
Read MoreThe post below is a guest contribution by Marty Weiner of Comstock Partners, the highly regarded investment manager run by Charles Minter.Here is the opening paragraph:“Ever since the U.S. financial crisis in 2008 there have...
Read MoreJoseph Stiglitz, Nobel prize-winning economist, says banks are undermining the rule of law in America and bad mortgages still fester.Source: YouTube, December 2, 2010 (hat tip: Financial Doom Blog).Did you enjoy this post? If...
Read MoreThis post is a guest contribution by Gerard Minack of Morgan Stanley.The obvious risk from sovereign stress is default. A more subtle, but pervasive, risk is that the threat of sovereign stress encourages a too-rapid tightening...
Read MoreThe video clip below features Federal Reserve Chairman Ben Bernanke holding a “Conversation on the Economy” with business leaders in Columbus, Ohio.Source: CNBC, November 30, 2010 (hat tip: Financial Doom Blog).Did you enjoy...
Read MoreBy Cees Bruggemans, Chief Economist of FNB.A news item drew my attention. Citigroup Global Chief Economist Willem Buiter opinioned that “the euro zone turmoil may be the ‘opening act’ of a global sovereign debt crisis that could...
Read MoreSource: Rob Rogers, Comics.com, December 1, 2010.Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.
Read MoreThe first trading day of December was off to a running start, with global stock markets gaining strongly yesterday on positive developments in Europe and upbeat economic data. As a matter of fact, American bourses experienced a...
Read More“The first rule of crisis management hasn’t been met by the Europeans, and that is to get ahead of the crisis, be seen as proactive rather than reactive,” said Mohamed El-Erian, CEO and co-CIO of PIMCO. “As long as they’re being...
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