The exuberance and gloating about this bear market bounce is reaching a point where there is only one question, when and how bad will it be when it ends. Our Global Macro Asset Indicators ( global stocks and commodities) started flashing…Continue Reading →
A piece worth reading on a Monday morning when the market has no sense of what to do. http://seekingalpha.com/article/1321721-here-s-what-happened-the-last-time-the-fed-owned-all-outstanding-treasuries?source=email_the_daily_dispatch&ifp=0
Since the first of the year investors have acted like the sequester and European problems don’t matter. It has been surprising how much they have kept their head in the sand. Now today with this employment number we see the…Continue Reading →
And why is that? Probably because he is not a cheerleader like all the others. Even Paul Krugman hates him, and most people hate Paul Krugman. I am sure that David is closer to the truth than Paul. http://www.nytimes.com/2013/03/31/opinion/sunday/sundown-in-america.html?smid=pl-share http://krugman.blogs.nytimes.com/2013/03/31/cranky-old-men/?smid=pl-share…Continue Reading →