- “WWKD – What Would Keynes Do” by Satyajit Das John Maynard Keynes is having an excellent crisis. Dead for over a half a century, the British economist is enjoying a comeback as desperate governments and even more desperate economists adopt massive and dramatic fiscal stimulus to prevent the current crisis developing into a depression.
- “Bernanke Says Low Rates Didn’t Cause Housing Bubble” – Bloomberg
- “War on Wall Street as Congress Sees Returning to Glass-Steagall” – Bloomberg A one-page proposal gaining traction in Congress could turn back the clock on Wall Street 10 years, forcing the breakup of banks, including Citigroup Inc.
- “China Property Bubble May Lead to U.S.-Style Real Estate Slump” – Bloomberg In Shanghai, prices for high-end real estate were up 54 percent through September, to $500 per square foot. In November alone, housing prices in 70 major cities rose 5.7 percent, while housing starts nationwide rose a staggering 194 percent.
- “Brace For Impact: In 2010, Demand For US Fixed Income Has To Increase Elevenfold… Or Else” – ZeroHedge
- “To lose one decade may be misfortune…” -The Economist Twenty years on Japan is still paying its bubble-era bills.
- “Global House Prices: Ratio Rentals” – The Economist House prices are still far above their fair value in many countries—though no longer in America
- “GMAC Gets $3.8 Billion in Third U.S. Bailout Package” – Bloomberg