December 2010

Sovereign Debt Risks Grow as Stimulus Pumps Asset Prices

Paul Farrell provides ten worthwhile observations in his forecast of a coming banking crisis. Essentially, he argues against buying stocks in an environment where market indices are about 70% off their lows. He sees two stock markets in America — one for the rich and another for everyone else. He explains how Wall Street skims from Main Street, rigs markets, and grasps vast winnings from socially worthless activities.