Heads Up, Oct. 23, 2009

Financial Economic News Below:
Here's a Big Heads Up by Karl Denninger at His Market ticker web site:

Friday, October 23. 2009
Posted by Karl Denninger in Musings at 11:55

Possible Credit Dislocation: Be Warned

http://market-ticker.denninger.net/authors/2-Karl-Denninger
I hope that's the right link to the article.

He uses some language that is very similar to the data Cliff High reports: “money lock up”

“Note that the indications above are far stronger than what we saw going into last fall before the wheels came off. As a consequence if these actions are those of people with real knowledge (and this is not a guess on their part) I would expect the outcome to be worse than what we saw last fall in terms of economic impact.”

Another vip link, I haven't read this webssite before: :
http://www.economicpolicyjournal.com/2009/10/is-fed-governor-hinting-at-stock-market.html

''Is a Fed Governor Hinting at a Stock Market Crash Just Ahead?
Sounds like it to me.

These are truly remarkable words coming from inside the Federal Reserve. Reuters has the details:

U.S. Federal Reserve Governor Kevin Warsh on Tuesday called gains in Asian and U.S. stocks noteworthy and wondered whether those increases signal a return to financial normality after a wrenching crisis or raise the prospects for asset bubbles.
Stock markets in a number of Asian economies have posted hefty gains in recent months, Warsh said while moderating a panel at an Asia economic policy conference hosted by the San Francisco Federal Reserve.

"This is a remarkable move, certainly the U.S. has also seen a remarkable increase in asset values," he said

This is as close to a warning as you are ever going to get from a Fed governor ''

Worse than last fall Denninger implies.

I wish I could just go take my money out of the CU and put it somewhere else, except that there isn't somewhere else? I'd wonder about treasuries at this point.

*sigh* shamba