Interesting chart pattern developing in the Euro. On the daily chart the Euro is making a rounded bottom and appears to be headed for the downtrend line:
I would not be surprised to see a run up to the 142 area that would close the gap on the chart. Just as we had a one sided [...]
John Paulson made a fortune being right about housing, but his success there isn’t translating into assets for his new gold fund (via WSJ):
It took John Paulson months to convince investors that housing would crumble.
Now it’s taking him awhile to get them excited about gold, his latest passion.
When Mr. Paulson’s Paulson & Co. late last [...]
President Obama held a press conference yesterday and declared that insulation was sexy:
NEW YORK (CNNMoney.com) – President Obama proposed a new program Tuesday that would reimburse homeowners for energy-efficient appliances and insulation, part of a broader plan to stimulate the economy.
The administration didn’t provide immediate details, but said it would work with Congress on crafting [...]
Societe Generale has two recent reports that are gaining them some publicity for their pessimistic view of the world economy. The first report is literally titled Worst Case Scenario and lays out the Bear Case in pretty stark terms (via the Telegraph):
In a report entitled “Worst-case debt scenario”, the bank’s asset team said state rescue [...]
