The Economy Is Not The Market
The financial press this year has been filled with stories about the economic slowdown in China and the debt crisis in Europe. Opinions on Chinese growth this year have ranged from dire (a hard landing involving a growth rate most countries would still envy) to bad but not as dire (a soft landing). All the .. read more
Cloudy With A Chance of Armageddon
The European debt crisis is rapidly coming to a head. As I write this, press reports indicate a deal is in the works to recapitalize Europe’s banks to the tune of about 108 billion Euros. Negotiations continue on other issues such as a Greek debt restructuring but expectations for a complete deal are running high. .. read more
Correction or More?
The stock market is in the throes of a correction that has lopped 7% off the averages over the last couple of weeks and skittish investors seem to be taking the attitude of sell now, ask questions later. Earnings season has been surprisingly upbeat with roughly 3/4 of companies producing earnings better than the consensus. .. read more
