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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Sea Otter who wrote (96235)	4/7/2009 2:46:23 AM
From: benwood	1 Recommendation Respond to of 116555

It's the usual human malady: denial. Never helps (except by pure accident); nearly always magnifies the damage. Ask your doctor! <g>

To: Sea Otter who wrote (96235)	4/7/2009 2:52:44 AM
From: mishedlo	5 Recommendations Read Replies (1) \| Respond to of 116555

Neither Krugman Nor Bernanke Can Distinguish Excessive Printing From Excessive Savings globaleconomicanalysis.blogspot.com Earlier today Calculated Risk posted a video and links to Krugman's Talk In Spain on March 17. Here is the video. A partial transcript by me follows. ... Mish

To: Sea Otter who wrote (96235)	4/7/2009 4:44:22 AM
From: axial	4 Recommendations Respond to of 116555

"But here's the problem: no politician can say, much less do, what K advocates. It would be political suicide. The sheep won't tolerate someone telling them that the world has irrevocably changed and that we won't be getting our toys any more. People can't imagine a world truly different than the one we live in. And they can't link long-range enough to take or support action. It's the failure of our species, not the system." You nailed it. The politics of economics is an inescapable reality. Preaching economic virtue is like preaching purity: a waste of time. Politicians don't survive by telling voters to take bitter medicine. The outcome of economic folly is always the same: the disaster is visited on the currency, and over time, fractionally on every man, woman and child. That never changes. Jim

To: Sea Otter who wrote (96235)	4/7/2009 8:42:54 AM
From: Chispas	Respond to of 116555

"Why you should steer clear of insurers" - Originally posted on IHub, April 6, 2009 siliconinvestor.com

To: Sea Otter who wrote (96235)	4/7/2009 9:55:55 AM
From: mishedlo	2 Recommendations Read Replies (1) \| Respond to of 116555

Corporate Bond Default Rate Highest Since Great Depression globaleconomicanalysis.blogspot.com The rate at which speculative-grade corporate borrowers worldwide failed to meet their obligations rose to 7 percent from 4.1 percent at the end of last year, Moody’s said in a report today. So far this year, 79 companies rated by Moody’s have defaulted, the New York-based ratings firm said. Mish