Category: General

Or as a farmer would call it, the ghries of an economy !

But the cost of credit is going up, not down, in contrast to prior cycles, because astute investors recognize the myriad of global imbalances that threaten future stability. In addition to home prices, $130 a barrel oil and their resultant distortion of global wealth and financial flows head that list. For now, investors should remain in high quality assets – until – until, well…until the prospect for home prices points skyward or until the cows come home, whichever one’s first.

Pimco article

Albie

Hear is a good article that sums up pretty well what my own view is atm.

http://money.ninemsn.com.au/article.aspx?id=582315

disclaimer, I am short ARI 🙂 , and MRF

Or is it more a case of talking their books, or protecting their
interests. I also note that while telling the public to buy these
shares, the funds have actually sold significant amounts of banking
shares in this period.

See below timeline of how they protect their interests, and the public have to bear the costs.

banks-are-cheap

Albie