What do you get when you combine the deflationary Great Depression with the stagflationary 1970s?
March 26, 2012
Financial Times: UK pensions crying out for inflation-linked gilts
“Our clients need 30-60 year inflation-linked bonds and more of them,” says Gavin Orpin, a partner at Lane Clark & Peacock.
“We are in a situation we have never seen before; something like Japan with inflation,” he says.
All your gilt are belong to us.
Real Estate Newsletter Articles this Week: Existing-Home Sales Increased to
4.15 million SAAR in November
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At the Calculated Risk Real Estate Newsletter this week:
[image: Existing Home Sales]*Click on graph for larger image.*
• NAR: Existing-Home Sales Increase...
13 hours ago
2 comments:
After the last post, I can't help but see everything through the prism of the Sasquatch Mountain plot:
A lonely tow-truck driver gets caught in a deadly struggle between a pair of bank robbers with a beautiful hostage, local cops, and a monster that has come down from the Arizona mountains to eat human flesh.
In this case, the bank robbers are of course the bankers themselves who blew up the world with their fraudulent MBS paper. The local cops are the central banks and regulatory agencies who failed to see the danger. And the stagflationary depression is the flesh eating Sasquatch that will kill everyone before it is over, except the hot babe that comes back in the sequel, Sasquatch Meadow.
Mr Slippery,
I hear you. And while we are in this frame of mind, let's not forget all that financial innovation.
Sasquatch Meadow will only need a budget of $400,000, due to the productivity miracle of hiring half the staff as was previously needed and riding on the coattails of Sasquatch Mountain's success, lol. ;)
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