SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Seeker of Truth who wrote (59613)1/2/2010 2:29:16 PM
From: elmatador  Respond to of 217714
 
Stiglitz calls for more stimulus. warns US economy may contract in second half of 2010. "The likelihood of this slowdown is very, very high," Stiglitz told reporters in Singapore. "There is a significant chance that the number will be in the negative range."
google.com

This is election year, mind you...



To: Seeker of Truth who wrote (59613)1/2/2010 2:31:11 PM
From: elmatador  Respond to of 217714
 
Krugman: "I would go with Joseph Stiglitz,” Krugman added, “I’m really worried about the second half.”
“reasonably high chance” the economy will contract in the second half of next year.



To: Seeker of Truth who wrote (59613)1/2/2010 3:04:36 PM
From: KyrosL  Read Replies (1) | Respond to of 217714
 
The end of all that will of course be inflation

I wish I was so certain about future inflation. There is huge overcapacity worldwide, and there are still billions clamoring to climb onto the globalisation bandwagon, greatly increasing worldwide productivity. Overcapacity and productivity are recipes for deflation rather than inflation. Of course all central banks are printing furiously. But a lot of that printing (like China's) is directed towards even more capacity and productivity.



To: Seeker of Truth who wrote (59613)1/2/2010 6:26:16 PM
From: TobagoJack1 Recommendation  Read Replies (1) | Respond to of 217714
 
the combo that be the american neo capitalism, aka thievery, and usa empire accounting, aka trickery, has given rise to a class of citizens fatally intoxicated on all assets paper, and the 'savings' of such bits of paper constructs as an end-all destination point for their hard-earned and harder-kept fiat paper dollars;

they basically believe that they must choose between financing the wastrel ways of others at zero rate return or underwrite the gambles of still others at negative return;

the drama will inexorably play out until its inevitable end, when all would believe some more printing will sset matters right, and then, and only then, will the unwashed masses get religion, and as in the case of many who engages with the true faith, too late.

let us watch n brief 2010, now that we are back from boracay

cheers, tj



To: Seeker of Truth who wrote (59613)1/3/2010 7:51:51 AM
From: elmatador  Respond to of 217714
 
ITU considering purchasing stakes in U.K. lenders including Royal Bank of Scotland Group Plc and Lloyd Banking Group Plc, when they are sold off by the U.K. Government

Brazil’s Itau May Buy Stake in U.K. Banks, Sunday Times Says

Jan. 3 (Bloomberg) -- Itau Unibanco Holding SA, Brazil’s largest bank, is considering purchasing stakes in U.K. lenders including Royal Bank of Scotland Group Plc and Lloyd Banking Group Plc, the Sunday Times newspaper, citing an Itau executive.

The company is looking at purchasing shares in the banks when they are sold off by the U.K. Government, the newspaper said, citing Pedro Malan, chairman of Itau’s international advisory board. Malan also said the Brazilian bank is “not in a hurry” to purchase the stakes.

To contact the reporters on this story: Ambereen Choudhury in London at achoudhury@bloomberg.net