France: On the Edge of the Periphery By John Mauldin

(…) I've spent a good deal of time this past month reviewing the European situation, and I'm more convinced than ever that France is on its way to becoming the most significant economic train wreck in Europe within the next few years. (…) I think...

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The Reformed Broker: Enter the financial Blogosphere

A big thank to Joshua Brown from the Reformed Broker Blog. In his latest post Joshua published the entire guide to economic and financial blogs. Most of the blogs Joshua listed are already referenced by Hedgeyourmind in the financial or economic sections. The...

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Latest presentation from David Rosenberg: Navigating the New Normal

The New Normal is not a new concept. Render therefore unto Caesar what belongs to Caesar, this concept was invented in september 2009 by Bill Gross from Pimco. As a reminder, here is the first paper on the new normal by Pimco. Pimco New Normal  Business...

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Sunday Amusement: The Vickers Report

Some readings for this sunny sunday morning: The Vickers Report:  According to the UK Independent Commission on Banking which issued its much-anticipated report in mid september,  if its recommendations — which the government has pledged...

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New blogs referenced on Hedgeyourmind

I just added some very interesting blogs on Hedgeyourmind: Sovereign Speculator: part of the disclaimer speaks of itself... "The securities markets are dangerous, and these days, with systemic risks everywhere, they are dangerous for even the most...

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RIP Steve: How to live before you die

I won't comment on the fantastic turnaround story of Apple since the comeback of Steve Jobs. I prefer to focus on his personality. "Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma - which is living with...

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Time to return to basics: Bob Farell's 10 market rules to remember

This post is an excerpt from an article published on marketwatch in June 2008. Bob Farrell was a legend at Merrill Lynch & Co. for several decades. Farrell had a front-row seat to the go-go markets of the late 1960s, mid-1980s and late 1990s, the...

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IMF Autumn 2011 World Economic Outlook Report

Here is the latest report on the World Economic Outlook Report published by the IMF. No new news. We are entering the "new normal" era best described by Bill Gross at Pimco. IMF (function() { var scribd = document.createElement("script"); scribd.type...

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Sushi Macro-Economics: Food for thoughts

I re-publish today an interview with Richard Koo from Nomura edited in September 2009. I strongly recommend reading his book "The Holy Grail in Macro Economics: Lessons from Japan's Great Recession" along with the Kenneth Rogoff's book "This Time Is...

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James Montier: The seven laws of investing

A must read from James Montier on the seven laws of investing. The Seven Laws of Investing(function() { var scribd = document.createElement("script"); scribd.type = "text/javascript"; scribd.async = true; scribd.src = "http://www.scribd.com/javascripts/embed_code/inject.js";...

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Must Read from GMO Jeremy Grantham: "Night of the Living Fed"

If you still wonder what could be the effectiveness of a new quantitative easing policy in a balance-sheet recession, please read carefully this paper of GMO on the ruinous cost of Fed manipulation of asset prices on th economy. JGLetter_NightofLivingFed_3Q104...

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Remember the 10/19/1987 crash

At that time electronic trading was in its infancy. No sophisticated algorithm, no flash trading, no high frequency trading, but it happened! ...

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Effectiveness of a Quantitative Easing Policy In a Balance Sheet Recession context: a must-read with Nomura's Richard Koo

The belief that QE2 is coming and will be successful at reflating the economy and asset prices is pervasive. If QE1 was successful at reflating wall street, it never succeed in reflating main street. Here is an insightfull interview of the famous Richard...

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Martin Wolf on Greece and Eurozone: The beginning of the end

Here is the article from the Financial Times. Dear European citizens, please fasten (oups!!!! tighten...) your belt and go straight away at the top of the Olympus Mont to pray for our future (before Greece auction all its inventory of gods)........ From...

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How Goldman Sachs helped Greece mask its true debt!

From Spiegel Online you will find this not-so astonishing news: Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point...

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From Calculated Risk: Fed Economic Letter: "Global Household Leverage, House Prices, and Consumption"

One of the most interesting post of early 2010. Fed Economic Letter: "Global Household Leverage, House Prices, and Consumption" Source: calculatedriskblog.com ...

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Greece: Let's dance sirtaki on the liquid dance floor!!!

You'll find the ever widening CDS on the fast-growing hellenic debt. Rather frightening considering that CDS are revisiting march levels (remember: markets were scared by the slump in eastern europe economies and numourous rumours on the blast of the...

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Tracking the latest trends in the US consumer behaviour

I have found a very useful way to track in an almost real-time way the behaviour and the appetite of the US consumer using the Google Domestic Trends . Capitalizing on its notoriety, Google Domestic Trends track Google search traffic across specific...

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