February 2011

• 8 February 2011

1. A G-Zero World: By Ian Bremmer and Nouriel Roubini: We are now living in a G-Zero world in which no single country or bloc of countries has the political and economic leverage or will to drive a truly international agenda, which will result in intensified conflict on the international stage over vitally important issues, such as international macroeconomic coordination, financial regulatory reform, trade policy and climate change

2. Russia exchanges 2011 debt for longer term debt

3. Exposure to banks in Europe could result in a Lehman size shock. If you cant fix Greece, you cant fix Portugal,- nothing in Europe is fixed- Carl Weinberg-High frequency Economics

* 10 February 2011

1. Council of Foreign Relations symposium on ‘Currency Wars ahead”

2. John Burbank Passport Capital interview NB.  QE 2 has to be completed first, and “then see where we are”. AQE3 may need as much as $3-4 trillion. Current budget of $1.2 T is short of $800B which funding of US Treasuries will either require the Fed or private investors to buy. Bank that benefited from TARP should buy up the shortfall, versus dividends after being bailed out. NB