Daily Archives: July 16, 2013

More on why risk-blind bulls will be proven wrong

Once more to the fore: the US stock market is near cycle highs (again). In a rare useful clip, Seabreeze Partners Management’s Doug Kass explains why he believes present prices are unjustified and unsustainable.Here is a direct video link. The … Continue reading

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US GDP trending down

With yesterday’s miss in US retail sales, notoriously optimistic investment analysts are reluctantly having to downsize their estimates for US Q2 GDP. The official first guesstimate will not be released until July 30, but as of today, the consensus just … Continue reading

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Fed Plosser: QE costs over-riding benefit, taper by fall and end by 2014

Federal Reserve Bank of Philadelphia President Charles Plosser talks about the Fed’s quantitative easing and the time frame for trimming the central bank’s monthly bond purchases. Here is a direct video link.

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Deflation still dominant in G7

G7 inflation? Forget it – deflation is just as much a worry. Here is a video report.

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UK recovery not on sustainable legs

Ross Walker, senior U.K. economist at RBS and Luciano Janelli, chief economist at MIG Bank, question the sustainability of the U.K. recovery and whether more stimulus is needed in Europe. Here is a direct link.

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Central bank liquidity has fueled a gusher in oil and gas prices

Global demand in the economic recovery of 2009-2012 has been extraordinarily weak; literally a shadow of its former credit-bubble-self. And yet oil and gas prices today are back at cycle highs above 100 a barrel for oil and 3.60 a … Continue reading

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Reality check: market cycle still progressing

Day to day gyrations offer a veritable cacophony of algo pings on the hype and hope of central bankers. But this big picture portrait of North America’s S&P 500 and TSX along with key sectors (financials, reits, dividend stocks, energy, … Continue reading

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