The Gold Standard | Voices of hope

People vs. Goldman Sachs. Roger Lowenstein pre-judges the outcome. Carl Levin ‘disagrees with him.

The President of the Federal Reserve Bank of Kansas City Thomas Hoenig sees the Federal Reserve sowing the seeds of the next crisis:

Name a service, name a commodity that trades well at zero. Nothing trades efficiently at zero. Why would credit? [More here]

JP Morgan’s Adrian Mowat says that the risk of hard-landing is increasing. Interestingly, I had mentioned the same possibiity in my ‘Baretalk’ column in MINT the day before.

Bubbles in the making or already made – Vancouver property prices and Brazil Consumer Credit (ht Paul Kedrosky)

DISCLAIMER: This is an archived post from the Indian National Interest blogroll. Views expressed are those of the blogger's and do not represent The Takshashila Institution’s view.