The economic data last week continued to show strength but there were hints of a softening in a few reports which the bears seized on to make their case. For now, I don’t think the data supports the idea of a double dip recession but there are plenty of people who want to believe it so [...]
The AAII poll showed a big jump in bears:
SAN FRANCISCO (MarketWatch) — Investor pessimism about stocks is at its worst since at least November, according to recent sentiment polls.
Nearly 51% of investors surveyed by the American Association of Individual Investors said they feel bearish about the market over the next six months, the association reported [...]
A report from Harvard Business School about the effects of bringing home the bacon:
For Members of Congress, becoming a committee chairman means more power to spend and thus help for the home district, right? That’s certainly the common wisdom. But according to new research from Harvard Business School, the increased federal spending causes local companies [...]
Judy Shelton in the WSJ:
The euro is beset with fiscal calamities that threaten its downfall, and markets in the U.S. are roiled by uncertainty over the government’s financial regulatory legislation. But don’t worry. Treasury Secretary Timothy Geithner meets with European finance officials today to discuss the economic situation. According to a Treasury Department statement, they [...]
