So maybe the economy isn’t headed over another cliff after all? Last week’s economic data wasn’t great but it was enough to rally the market 3.5% just because it wasn’t as awful as expected. I haven’t been particularly worried about the prospect for a double dip into recession land because I’m an eternal optimist - [...]
Has sentiment reached an extreme? Is anyone surprised anymore when weak economic data is released? Were you surprised that existing home sales fell 27% last month? I wasn’t and apparently neither were the people buying up home builder stocks when that news was released last Tuesday. Were you surprised to read the Goldman and Redbook [...]
The Calafia Beach Pundit, Scott Grannis, is on a roll:
We’re not witnessing a bond bubble in the making, we’re living in a statist nightmare.
The future, however, is not written in stone, and there is little reason—in my view—to expect that the current state of affairs is going to go on forever. But you [...]
Scott Grannis at Calafia Beach Pundit has a post with a series of charts that make the mildly bullish case. Very interesting. A sample:
Industrial production is increasing at a very fast rate, with no signs of any slowdown. Most global economies also are experiencing a rapid recovery in industrial production. This is a [...]
