201102.27
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Weekly Economic and Market Review

Was that it? Is the great stock market correction of 2011 already over? Libya is in the throes of a revolution that threatens to spread to the more important parts of the oil producing world and the slippery stuff can’t hold above $100?  All this geopolitical turmoil and gold can’t even make a new high?…

201102.26
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Weekly Chart Review

201102.21
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Weekly Economic and Market Review

Well, I think its official now. Everyone is bullish. On CNBC last week, Nouriel Roubini, aka Dr. Doom, the famous bear who allegedly predicted the financial crisis (stopped clocks and all that) pronounced that the bull may carry on for a while more. I think tactically for the next few months equities could rise because…

201102.21
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Optimism For Fiscal Reform Fading

There was a lot of hoopla last week about the stock market doubling since the post financial crisis low but if the rally is to continue, it is critical that the political class stop the posturing and get on with the people’s business. The release of President Obama’s budget last week was the latest indication…

201102.20
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Weekly Chart Review

 

201102.15
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Why Won’t Obama Lead?

From Doug Terry: “Pressed on why his budget did not adopt the major recommendations of his fiscal commission, Obama said that the plan still provides a framework for debate. The notion that it has been shelved, I think is incorrect” Obama said. “It still provides a framework for the conversation. Come on?!! How stupid does…

201102.13
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Weekly Economic and Market Review

“There are limits to what we can do on the monetary front to provide the bridge financing to fiscal sanity.” Richard Fisher, Dallas Federal Reserve Governor Is there any way we can replace Ben Bernanke with Richard Fisher? There is very little I like about the Federal Reserve but if we are to have a…