Today’s GDP report didn’t have much of an impact on the stock market, but there were significant effects in other markets. The dollar fell, reinforcing the downtrend and causing a short term rally to fail right at the 50 day MA:
Another big mover was the long term Treasury market which moved up in price (down [...]
John Tamny’s article last week at Real Clear Markets explains why Bernanke’s exit strategy won’t work:
In his Journal piece, Bernanke re-affirmed his Phillips Curve bona fides with his suggestion that once “recovery takes hold”, there could be “an inflation problem down the road.” To restrain future inflation, the Bernanke Fed “will need to tighten monetary [...]
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I do not believe we are running out of carbon based fuels anytime soon. Peak oil is a myth because even if oil is a finite resource (more on that later), it seems likely that some new technology will come along to replace it long before it runs out. Never underestimate the ingenuity of humans.
I’m [...]
