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Monthly Archives: June 2010
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 … Continue reading
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Obama on the Financial Reform Bill on his way to G8
Last night Congress passed a financial reform bill for Obama to take with him to the G8. He says the bill includes 90% of the changes he had proposed. For details on what aspects made the bill see Bloomberg: Biggest … Continue reading
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More near-term pain needed to re-set the economy towards health
Year to date bonds, US dollars and Gold have been the best performers. But deficit spending is a cancer that is rapidly growing all over the world and US debt is particularly worrisome because America has the world's largest economy … Continue reading
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