Weekly Economic and Market Review
The market got exactly what it expected last week and the result was another leg higher in a rally built on two dubious assumptions: gridlock is good and the Fed can fix what ails the economy. The mid term elections delivered control of the House of Representatives to John Boehner and the Republicans while the .. read more
On November 7th, 2010,
posted in: Economy by Joseph Y. Calhoun Tags: congress gridlock, construction spending, deflation, economic analysis, economic reports, election and markets, employment report, factory orders, falling dollar, fed balance sheet expansion, fed buying treasuries, fed easing, fed meeting, gridlock, gridlock markets, inflation, ism manufacturing, ism non-manufacturing, ism surveys, jobless claims, mortgage applications, pending home sales, personal income and spending, qe ii, quantitative easing, savings rate
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