Vigilant Investor

The consequences of the massive credit bubble that’s now unwinding were inevitable. (Don’t buy the Wall Street and policy maker excuse that nobody saw it coming. We were early among those saying this would blow up in the face of Wall Street and the Fed, and threaten the entire economy.)

And so the consequences are continuing to unfold, the market is at a loss as to what the real prices of certain assets are in relationship to one another.  Meanwhile, with all the money flooding into overpriced financial assets, it’d appear that resource development was largely forgotten outside of politics catering to the environmental movement, which has merely created vast supply shortages in the face of rising demand.   Especially note the curbs on exports of commodities and the rationing.

What are you doing to adjust?

1. IMF Says Credit Losses May Reach $945 Billion, Warns of `Serious’ Crisis
2. Rice Jumps to Record on Philippine Imports, Curbs on Exports
3. Oil prices approach record heights
4. Gas Prices Slip From Record, but Could Reach $4 a Gallon This Spring, the Government Said
5. WaMu gets $7 billion infusion, cuts jobs, sees loss
6. Fed Auctions Another $50 Billion to Cash-Strapped Banks in Battle Against Credit Squeeze
7. Citigroup, Wells Fargo May Loan Less After Downgrades
8. Pending Home Sales Hit Lowest level in Index History in February
9. Fed Officials Worried About Recession (Gee… thanks for the heads up!)
10. Asian Inflation Begins to Sting U.S. Shoppers
11. Big US student loan guarantor files for bankruptcy
12. IMF to sell 12.5% of gold stake, worth more than $13 billion
13. IMF Forecasts $945 Billion in Losses Stemming From U.S. Mortgage Turmoil
14. LBO Freeze Slashes First-Quarter Banking Fees to Securities Firms by 75%
15. A buck that can’t be passed

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