The Incredibly Shrinking Market Liquidity, Or The Upcoming Black Swan Of Black Swans
Posted by Tyler Durden at 3:40 PM
"Anyone who is doing anything sensible right now is either losing money or is out of the market entirely." These are the words of a quant trader, who is seeing something scary in the capital markets. ... http://zerohedge.blogspot.com/2009/04/incredibly-shrinking-market-liquidity.html
The big issue is of course the financial sector reform process. Some of my colleagues expressed great satisfaction with the progress made by the G20. But progressing down a blind alley is not something to be pleased about. I have yet to hear a single responsible official in any industrial country state what is obvious to most technocrats who are not currently officials: anything too big to fail is too big to exist. ... http://baselinescenario.com/2009/04/09/what-next-for-banks/
But we're not at the beginning of the end. I'm not even sure we're at the end of the beginning. All of these pieces of upbeat news are connected by one fact: the flood of money the Fed has been releasing into the economy. Of course mortage rates are declining, mortgage orginations are surging, and people and companies are borrowing more. So much money is sloshing around the economy that its price is bound to drop. And cheap money is bound to induce some borrowing. The real question is whether this means an economic turnaround. The answer is it doesn't.... http://robertreich.blogspot.com/2009/04/why-were-not-at-beginning-of-end-and.html
The job ax is falling hard on men in general. For men over 20, the unemployment rate is 8.8 percent; for women, it is 7 percent. In the mid-1970s, by way of comparison, the figures were nearly opposite. In today's market, the sectors that are shedding employees—construction, manufacturing, industry—have a higher proportion of male workers, many of whom do not need advanced degrees for their jobs. These industries are being hit not simply by the current crisis but by the combined effects of technology and globalization.... http://www.newsweek.com/id/193585/output/print
