Weekly Economic and Market Review
Does Ben Bernanke have access to a Bloomberg? I ask that because he is apparently unaware that the dollar index is down for 9 straight days, gold is hitting new highs and silver is approaching cult status. He said at his press conference that a strong and stable dollar was in the best interests of .. read more
Weekly Economic and Market Review
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 .. read more
Weekly Economic and Market Review
It was a light week for economic data and what we did get served more to confuse than clarify. Market action seems to indicate that the data at this point is basically irrelevant anyway as all the market’s attention is focused firmly on the potential actions of the Federal Reserve. There appears to be a .. read more
Weekly Economic and Market Review
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 – .. read more
Weekly Economic and Market Review
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, .. read more
Weekly Economic and Market Review
In last week’s review I opined that the market felt as if it was making some sort of bottom. Um, not exactly. One thing I’ve learned after many years of observing markets is that predicting the future movements – especially short term movements – is impossible. Last week proved that I’m no better at it .. read more
Weekly Economic and Market Review
The economic data last week continued to show strength but there were hints of a softening in a few reports which the bears seized on to make their case. For now, I don’t think the data supports the idea of a double dip recession but there are plenty of people who want to believe it so .. read more
Weekly Economic and Market Review
Considering that large parts of the country were blanketed with snow for a good portion of the first quarter, the 3.2% GDP growth reported Friday doesn’t seem all that bad. Republicans and bears with a vested interest in pessimism will undoubtedly find fault with a recovery that is tepid by historical standards, but with the .. read more
