With very little going on this morning, I’ll say this on the death of Kin Jong Il. While the new head of North Korea will likely be his son, maybe the people there have the first ray of hope to see the fortunes of their lives change for the better as any increase in the amount of freedom given to them would be more than they had before. In Europe, the story of 2012 will still come down to debt repudiation/writedown or ECB money printing or in other words, deep recession but lower debt levels ultimately or inflation/currency debasement and a better economy nominally/temporarily. In an interview in the FT, ECB Pres Draghi said this on money printing, “the important thing is to restore the trust of the people, citizens as well as investors, in our continent. We won’t achieve that by destroying the credibility of the ECB. This is really, in a sense, the undertone of all of our conversation today.” The US Fed will be having a very similar discussion, again, in 2012.
With not much to say…
December 19, 2011 8:10am by
This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers Please see disclosures here: https://ritholtzwealth.com/blog-disclosures/
Posted Under
UncategorizedPrevious Post
Capresso 465 CoffeeTeam:Next Post
10 Monday AM Reads
What's been said:
Discussions found on the web: