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By Jeff Harding. Dr. Frank Shostak is Chief Economist for MF Global, the former trading arm of Man Financial, the world’s largest hedge fund. Man spun off MF Global as a stand-alone company. I believe he is the best (Austrian school) economist out there in applied economics because he makes his living prognosticating for a commercial [...] By Jeff Harding. The esteemed Ambrose Evans-Pritchard of UK’s Telegraph makes the unstartling announcement that U.S. bank credit has been shrinking for the past three months at a rate (14%) that has not been witnessed since the 1930s. Professor Tim Congdon from International Monetary Research said US bank loans have fallen at an annual pace [...] By Jeff Harding Here is David Rosenberg, chief economist and strategist for Gluskin Sheff on bank liquidity. Rosenberg was formerly the chief economist for Merrill Lynch. He called the Crash and is a perceptive guy. I am reprinting this to show you that I am not the only one talking about deflation. This is an excerpt on [...] By Jeff Harding I received an interesting comment to my Mr. Sunshine article from Hans Palmstierna at Saving Capitalism. I suggested that we will see more deflation before we see inflation. Hans said: I would argue that the “nominal” bottom is soon here. With the money now flowing at full speed (M1 at around [...] |
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