At Intrade the probability that the US has fallen into recession has fallen to 25%. (When I last looked it was 33%, look under Financial/Economic Numbers).
Update: Even Paul Krugman is cautiously optimistic. The worst of the financial crisis seems to be over.
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The calm before the storm?
http://www.atimes.com/atimes/Global_Economy/JE02Dj05.html
observa
http://www.atimes.com/atimes/Global_Economy/
JE02Dj05.html
Now assuming Antal E Fekete's anlysis is correct, then presumably the market is waking up to funny money and OTOH is increasingly reluctant to take on more debt at Bernanke determined rates and are demanding an ever higher risk premium beyond the soothing utterings of Central bankers and OTOH are recognising the upside value in real commodities, like Chinese SWFs growing interest in Australian commodity companies. In the absence of commodity money, the next best thing is commodities themselves, given the monetary inflation in the pipeline now.
Thanks to the owner of this blog. Ive enjoyed reading this topic.
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