Observations on a Crisis
The Absolute Return Letter
September 2008
"If a loose monetary policy and rapid asset price inflation were the
route to economic prosperity, Argentina would be the richest country in the
world by now."
Albert Edwards
Co-Head, Global Cross Asset Strategy
Societe Generale
August is my month off. Every year I go to Mallorca where my favourite
pastime is the occasional glance at the sea whilst reading a good book. This
year Peter Bernstein's 'Against the Gods