Daily Reading on the Financial Markets: 11/15/11
On PragCap, Warren Mosler makes the case that it’s impossible for the Fed to create inflation.
Jim Quinn of The Burning Platform makes the Peak Oil case that “energy independence” is a pipe dream.
Down Monday? Bespoke Investment Group points out that’s par-for-the-course in 2011.
The suits may be coming around to the Bear case, as the SF Fed now puts the liklihood of recession over 50%.