Feb. 5 (Bloomberg) — The $2.8 trillion municipal bond market is a bubble about to burst, as housing and technology did in the past 10 years, said Michael Aronstein, the money manager whose Marketfield Fund returned 31 percent in 2009 by betting correctly on commodity-price swings.
Title explains all
The People’s Bank fo China continues to amass huge levels of foreign currency reserves with little attention paid. Those reserves totaled $2.4 trillion as of December 2009, which is larger than the GDP of Italy, the world’s 7th largest economy. China’s reserves are growing at about $400 billion per year, roughly adding Norway’s economy to their reserve surplus every year.
sell PowerShares Golden Dragon Halter USX China Portfolio (PGJ)
Feb. 8 (Bloomberg) — Small businesses are becoming the Achilles heel of the U.S. recovery by limiting growth and job creation.
Currency speculators have increased their bets against the euro to the highest level since the creation of the single currency.