Prieur’s readings (August 24, 2009)
Source: http://www.investmentpostcards.com/2009/08/24/prieur%e2%80%99s-readings-august-24-2009/Posted on Monday, August 24th, 2009 | In Market Commentary
This post provides links to a number of thought-provoking articles I have read over the past few days that you may also find of interest.
• Edmund Andrews (The New York Times): World bankers suggest rebound may have begun, August 21, 2009.
Central bankers from around the world expressed growing confidence on Friday that the worst of the financial crisis was over and that a global economic recovery was beginning to take shape.
• Rich Miller and Alison Sider (Bloomberg): World economy emerging from worst recession since World War II, August 22, 2009.
The global economy may be coming out of the worst recession since World War II as record-low interest rates and trillions of dollars in fiscal stimulus spur demand.
• John Hussman (Hussman Funds): Bernanke sees a recovery – how would he know?, August 24, 2009.
Nouriel Roubini (Financial Times): The risk of a double-dip recession is rising, August 23, 2009.
The recovery will be far less robust than the optimists think. There is now a rising risk of a double-dip W-shaped recession if oil, energy and food prices continue to rise – as they are now – faster than economic fundamentals warrant.
• Michael Santoli (Barron’s): Gummy bears, August 24, 2009.
Try not to overthink what the market might be saying. Cut in half from here? Unlikely.
• Floyd Norris (The New York Times): America may need to find another financier, August 21, 2009.
As the United States rolls up record budget deficits, Asian countries are showing a reduced willingness to finance the debt.
• Wolfgang Münchau (Financial Times): How toxic finance created an unstable world, August 23, 2009.
Global imbalances would not have become so extreme if global finance had not provided the instruments.
Last 5 posts by Prieur du Plessis
- Gold bullion – overdue for a pullback? - November 25th, 2009
- South Africa ends recession - November 25th, 2009
- Did the SARB make the right call? - November 25th, 2009
- Ritholtz: “Buy and hold” is a disaster - November 25th, 2009
- Prieur’s readings (November 25, 2009) - November 25th, 2009
Alison Sider, America, Edmund Andrews, finance, Financial Times, Financier, Floyd Norris;, Hussman Funds, investment postcards, John Hussman, Market Commentary, Michael Santoli, Rich Miller, the New York Times, toxic finance, United States, Wolfgang Munchau
 About Prieur du Plessis (http://www.investmentpostcards.com)
Prieur du Plessis has 25 years’ experience in professional investment research and portfolio management. More than 1,000 of his articles on investment-related topics have been published in various regular newspaper, journal and Internet columns. He has also published a book, Financial Basics: Investment. Prieur is chief executive and principal shareholder of South African-based Plexus Asset Management, which he founded in 1995. The group conducts investment management, investment consulting, private equity and real estate activities in South Africa and other African countries. Plexus is the South African partner of John Mauldin, author of the Thoughts from the Frontline e-letter, and also has an exclusive licensing agreement with California-based Research Affiliates for managing and distributing its enhanced Fundamental IndexTM methodology in the Pan-African area. Prieur is 52 years old and lives with his wife, television producer and presenter Isabel Verwey, and two children in Cape Town, South Africa. His recreational activities include long-distance running, motor cycling, traveling and reading. |
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