Reads: Ned Davis On Stocks, Hugh Hendry's Credit Bet, David Rosenberg on Oil, Yields, Deflation

Belated linkfest for February 2011
    • On CNN, billionaire George Soros took shots at Obama's economic agenda and said municipalities could default. Also, when the Fed stops pushing money into the economy (QE2), interest rates will go up which will choke off the economic recovery;
    • Market Crash 2011: It will hit by Christmas by Paul Farrell at featuring Ned Davis and Jeremy Grantham;
    • Congressional Oversight Panel Hearing on Commercial Real Estate's Impact on Bank Stability (2/4/2011)Panel #1: Sandra Thompson (FDIC), Patrick Parkinson (Board of Governors of the Fed), David Wilson (Office of the Comptroller of the Currency). Panel #2: Matthew Anderson (Foresight Analytics/Trepp), Richard Parkus (Morgan Stanely Research) and Jamie Woodwell (Mortgage Bankers Association in CRE Research). Link:;
    • Hugh Hendry's recent report (Eclectica Management): Profiting From Contrarian Opinion: Just How Investment Grade Are Japan's Credits - Read at Business Insider;
    • David Rosenberg: Forget Oil And Inflation, The Real Story Is In The Bond Market (read the article at Business Insider). Read the "Breakfast With Dave" report at FMX Connect;
    • Jim Grant sees interest rate risk for municipal bonds (likes mortgage REITs, Annaly Capital) - BloombergTV (from early February).