Stocks rattled by renewed fear of financial contagion

Good discussion of this week's economic data and market sentiment. I have been saying for several months that we were sensing eerie shades of 2008 in our indicators.
The business cycle is reasserting itself toward contraction despite herculean efforts by governments to arrest it. The secular cycle of contracting credit and disinflation is bigger than anyone's opinion, optimism or confident assertions. Note this is happening despite all the bullish hopes about Asian population driving demand. We fight reality at our peril. What is that line about having the wisdom to accept the things we cannot change? Self-preservation over wild risk-taking is the theme of the day.

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6 Responses to Stocks rattled by renewed fear of financial contagion

  1. Anonymous says:

    Dazzo, great links. For ease of readers to follow them, please try hitting the space bar after you type the address as this should make it a hyperlink that readers can then just click on to access. Without this, people have to copy and paste your cites into their browser making it less user-friendly, thanks, D

  2. Anonymous says:

    Here goes for my next link hope it works 🙂
    Reliving the 1930's

  3. Anonymous says:

    My usual browser is Firefox, but I've also now tried using IE and it still doesn't seem to work with creating a hyperlink. Maybe your webmaster has a suggestion. Thanks.

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