Daily Reading on the Financial Markets: 9/4/11
Central to my premise of a global economic ponzi is the idea that we cannot grow infinitely at the required rate. Central to my skepticism towards infinite growth is the idea that oil has a production “peak” that is real. Cullen Roche at Pragmatic Capitalist puts together some thoughts, asking, is “peak oil” real?
From Zero Hedge, an IMF official suggests that Greece may finally be allowed to default in the next year.
Rational Capitalist Speculator ticks through the current bull and bear arguments, and thinks Europe may be approaching its “Lehman moment.”
Taking the other side, Calafia Beach Pundit at Seeking Alpha says things look so bad, there may only be upside from here.
An interesting article from Felix Salmon, noting the degree of aggressiveness with which FHFA is going after individual banks.