La Nouvelle Économie.

The Hindenburg Omen has been a buzz on Wall Street since it occurred on August 12th, 2010. My purpose is twofold: to explain what it means in for decision making and to put that in perspective introducing another data: the shape of the yield curve.

All the Market Crashes have been the result of the yield curve suddenly returning from undervalued to normal. This accounts for a discontinuity in stock market value. The cure is to lower short term rate, this time it will be, of course, impossible.

I want here to show that the speech of Ben S. Bernanke in Jackson Hole on Friday will have a formidable effect on credit markets, debt instruments and specially on junk bonds. The most important paper I ever wrote since "La Bonde du Jacuzzi."

People are getting nervous about a double dip and further steps of monetary stimulus. I am explaining here the consequences of the bottom of the yields on long dated treasuries for Quantitative Easing and why it is signals its inefficiency.

Chaos will necessarily follow: social and political turmoil, military adventures, racism and xenophobia... All the evils the world has already experienced after Black Thursday in 1929. The Deep Depression is not a fatality. Act before September 9th.

Chaos will necessarily follow: social and political turmoil, military adventures, racism and xenophobia... All the evils the world has already experienced after Black Thursday in 1929. The Deep Depression is not a fatality. Act before September 9th.

Chairman Ben S. Bernanke and Secretary of the Treasury Timothy F. Geithner don't know. It is a luxury you can't afford. Get ready before September 9th for the Post Crash Economy.

What will you do after the crash? Anyone needs an economy, don't you? I will organize a Credit Free, Free Market Economy that will allow to make economic transactions when it will be impossible otherwise. No plausible alternative is offered to you.