Chris Lau

Economic Fault Lines Emerge

As a solution, does coming to terms with their (the U.S.) source including spliting insovent companies between "good" assets and "bad"? Examples: financial banks who are insolvent, GM. This might be the only way to use the capital market system to assign a value to assets that are otherwise unmarketable.

Has the Dollar Bottomed?

I'm not so sure the Fed would want to raise rates. Raising rates has no impact on the price of oil or the price of food. The Govt is focused right now on loosening the credit markets and as such need to leave rates where they are.