It’s not exactly the Newsweek indicator but anyone with contrarian instincts had to note the cover story of Barron’s this weekend, Bears Beware!, with at least a modicum of concern. The story concerns the magazine’s recent Big Money Poll survey of money managers who it turns out are - surprise! - bullish on stocks. I’m [...]
From an article in the WSJ, Tuition Costs and Pell Grants Rise in Tandem:
College tuition and fees climbed once again this year, but the burden was tempered for some students and their families by a big jump in federal aid, according to a new report by the nonprofit College Board.
The average price of [...]
From the Wall Street Journal:
From 1947 through 1967, the year before the U.S. began to weasel out of its commitment to dollar-gold convertibility, unemployment averaged only 4.7% and never rose above 7%. Real growth averaged 4% a year. Low unemployment and high growth coincided with low inflation. During the 21 years [...]
I don’t believe Quantitative Easing Part II will have a positive effect on the economy. It may have a positive effect on commodity prices if you think rising commodity prices is a positive. More likely, rising commodity prices will have this effect:
SAN FRANCISCO (MarketWatch) — Rising iron-ore prices and softer demand are weighing on [...]
