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 - [...]
Is there a bubble in bond land? That’s become the hot question of the moment with everyone from Jeremy Siegel (yes) to Randall Forsyth at Barrons (no) offering an opinion. I was even quoted in an article this week at CNN Money concerning the present state of the bond market. Goodness knows, if reporters are [...]
The GDP report last Friday confirmed what all sentient beings outside the immediate DC area already knew - the recession was worse than the official data keepers told us at the time it unfolded. That fits a pattern of cluelessness on the part of policymakers who are preternaturally optimistic and thanks to taxpayer funded salaries, [...]
Some not as bad as expected news on the real estate markets, some pretty damn good earnings, a Bernanke assurance that he remains vigilant at the controls of the printing press and the release of the results of the European bank stress tests were enough to move the US stock market higher by 3.5% last [...]
