2014-11-09prudentbear.com

``I certainly concur with Greenspan's comment that "markets are complex." I simply don't buy into Greenspan's attempt to distance the markets' propensity for destabilizing "animal spirits" from "activist" government policymaking. Government actions repeatedly throughout the decade backstopped the markets and resuscitated the Bubble... I struggle believing Kuroda and Draghi are driven by domestic considerations alone. I am not alone in discerning an element of desperation. Their aggressive measures have definitely thrown gas on the king dollar fire. And the week saw further acute pressure on commodities markets. King dollar and sinking crude helped incite crisis dynamics for Russia's currency. The Russian central bank spoke of the ruble under attack from "speculative strategies" and "threats to the nation's financial stability." Putin on Thursday claimed "politics prevail in oil pricing." By Friday, there were reports of Russian tanks again entering Ukraine. ''



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