blowing bubbles

Time Magazine's 2009 Person of the Year is Helicopter Ben Bernanke.



Time Magazine is a highly credible news source.

Time - February 15, 1999 - The Three Marketeers


Greenspan's bubble and the resulting collapse,

discretionary spending

A blatant sign of discretionary spending at the top of the credit bubble were the Dubai governement's highly speculative 'island' developments.

Where Vision Inspires Humanity


Eight months after the presumed risk asset lows, the Dubai GSE is failing to meet a $59 billion debt obligation.

Could Dubai Be the Spark for a Correction? (Humble Student of the Markets)

Global consumer credit continues to contract. Helicopter Bernanke's work is not done.

the jobless risk rally

New York City's unemployment rate is above 10%. Now this, the ratio of unemployed to job openings is exploding.

The government cannot end quantitative easing nor ZIRP any time soon.

Deflation first, then inflation?

VIX is still holding

Equities and credit continue to rally yet VIX remains range bound. The last time VIX traded in the 22 to 25 range, SPX was trading 1250 to 1300. The long bond has been rallying indicating renewed bets on deflation.