Shrike sent this: The Size of Derivatives Bubble = $190,000 Per Person on Planet. Shrike’s comments: “Jim, you were uncomfortably prophetic in your September, 2006 article, predicting that derivatives would be a major problem. Until your article, I’d never even heard of the term, at least in terms of financing and markets. Not surprisingly, we still hear very little from mainstream media about them.”
Reader “Parsley” mentioned an London Telegraph article that does not bode well: IMF poised to print billions of dollars in ‘global quantitative easing’. Consumer price inflation on a grand scale is a likely result Get out of paper currencies, and into practical tangibles, soon!
Items from The Economatrix:
Bar-Mat Horrors (The Mogambo Guru)
BofE Warns Banking Tensions at Fever Pitch “Tensions in the financial system are approaching the fever pitch they reached before the collapse of Lehman Brothers last October, the Bank of England has warned.”