Again from Bloomberg: Bernanke in a February House hearing: “Under current law, on January 1, 2013,” Bernanke said, “there’s going to be a massive fiscal cliff of large spending cuts and tax increases.” Bloomberg contd. The vivid imagery and false urgency of the term transformed budget arcana into a national Wile E. Coyote moment. The…
Here is what I am reading: The work of John Maynard Keynes shows us that counter-cyclical fiscal policy and an easing of austerity may offer a way out of the Eurozone crisis (The London School of Economics) China’s Slowdown May Be Worse Than Official Data Suggest (Federal Reserve Bank of Dallas) Gold Bulls Strongest in…
Here is what I am reading: Weak Japan exports, hit by Europe, raise questions on recovery (Reuters) BHP mothballs $30b Olympic Dam expansion (The Sydney Morning Herald) Drawing the Wrong Inferences from Economic Data (A Dash Of Insight) Put Inflation Fears Aside (The New York Times) “Uncertainty” Is Nothing More Than Wall Street Whining (Capital…
Here is what I am reading: Meredith Whitney’s Muni Prediction Gets No Boost From Fed (Bloomberg) Stocks breakout on higher volume (MarketWatch) Who’s Lying: The Rally or the Sell Signals? (Minyanville) $DJIA Going For Seven Straight & A Short Video on Cycles (Stock Trader’s Almanac) Our Largest Ever S&P 500 Chart! (Don’t Ignore This Chart) The…
0Here is what I am reading: Mexico Wages Undercut China, Fuel Manufacturing Boom (Investors Business Daily) Commodity Index Fund Breaks Pennant Resistance (Don’t Ignore This Chart) The best market rallies defy logic (MarketWtach) 9 Cheap Stocks Taking Off Right Now: Apple is One of Them (Insider Monkey) No One Trusts Wall Street (and Why That’s Very…
Here is what I am reading: India’s Wilting Crops Tarnish Gold (The Wall Street Journal) Expect a 5% rally going into the election (MarketWatch) ‘Flash crash’ rules made Knight keep bad trades (MarketWatch) Volatility is Not ‘At the Lows’ (Dragonfly Capital) Retail Investors and the Stock Market (The Aleph Blog) re: This Bullsh*t Rally (The…
Here is what I am reading: Orders and Production: No Time for Complacency (Mauldin Economics) Goldman Sachs’s MIST Topping BRICs as Smaller Markets Outperform (Bloomberg) Has CNBC Lost its Mojo? (A Dash Of Insight) Stocks regain upward bias (MarketWatch) Follow the Money: 5 Extremely Cash-Rich Stocks (Minyanville) The Lead-Lag Report: Melt-Up Redux (Minyanville) Bullish Set-Ups…
Here is what I am reading: Rogoff Sees World Wishing It’s America Year After S&P Downgrade (Bloomberg) Bernanke: despite recovery, many struggling (Reuters) The Clinton Tax Challenge for Republicans (Bruce Bartlett) Year After S&P’s Rating Downgrade, US Treasuries Trade 1% Lower (Next New Deal) China Is Closing In On A Major Turning Point: It May…
Here is what I am reading: Gloves Off in Draghi-Weidmann Clash Over Bond Purchases (Bloomberg) UK should have waited to enforce austerity (The Financial Times) July Employment Report Preview (A Dash Of Insight) Goodbye to Shanghai (beyondbrics) Post-Crisis Iceland Is Test Site for Too-Big-to-Fail Prevention (Bloomberg) Corn Correction Overdue (Stock Trader’s Almanac) Silver: How low…
Here is what I am reading: Fed Sees Slowing Economy, but Defers New Action (The New Yor Times) If Draghi Disappoints, German Paper Wants Helmet Back (WSJ Blogs) Institutional investors exit growth stocks (MarketWatch) The Lead-Lag Report: Cyclical Melt-Up Coming? (Minyanville) Market at a Glance $$ (Stock Trader’s Almanac) Japan Stands Up (IMF Direct) When Right…