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Daily Archives: July 16, 2013
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
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
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.
G7 inflation? Forget it – deflation is just as much a worry. Here is a video report.
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.
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