“When the final report on the risks of the US financial system is released in 2010 — and it is likely to cause a stir internationally — only one of the people in positions of responsibility today will still be in office: Ben Bernanke.”

I have to watch the election from a distance, the Potemkin village that is our political system is no longer funny or charming. Who the next President is, is largely irrelevant. Why such a negative disposition?

Because the IMF is going to subject the databases of major financial institutions in the USA to a stress test. Yeah, oh shit is right.  Read more 

Just call me Cassandra … I see a bad moon a rising …

A senior Asian Development Bank official said on Thursday that the dollar was likely to decline further, and he called for East Asian countries to make sure that their currencies rose in unison and did not gyrate.  Read more