Former Morgan Stanley Asia chief, Stephen Roach is now back in the US for a position at Yale. He talked to the Wall Street Journal this week about the risks of double dip, the reality of a slow recovery and the need for consumers to rebuild their fiscal health over the next few years.
Hat tip: Tim Iacono.
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Is The Fed Funding The Treasury Through The Banks?
http://www.zerohedge.com/article/guest-post-fed-funding-treasury-through-banks
Will Public Austerity Cause Private Sector Paralysis?
http://www.zerohedge.com/article/will-public-austerity-cause-private-sector-paralysis
Bank of America Admits To Repo 105-Like Fraud, Even As End Of Quarter Window Dressing Continues Unabated
http://www.zerohedge.com/article/bank-america-admits-repo-105-fraud-even-end-quarter-window-dressing-continues-unabated
The Financial Con Of The Decade Explained So Simply Even A Congressman Will Get It
http://www.zerohedge.com/article/financial-con-decade-explained-so-simply-even-congressman-will-get-it
The economic news turned positive last week, pushing oil higher. The global economy will grow 4.6 percent in 2010, the biggest expansion since 2007, the International Monetary Fund said on July 7 in revisions to its World Economic Outlook.
Right.
Market “experts” telling us always how much time, 6-9 months the market looks ahead to see changes on the economic landscape.
With that time frame in mind, can someone tell me why in '07 the S/P 500 peaked in a same quarter as the recession started??
Or, what exciting economic developments the bulls see on the other side of this present time economic valley, other than low interest rates??
This time around (and other times too) the market feeds itself from coincident and lagging indicators, just like in '07, and I believe more and more in G. Soros's teachings about reflex action and behavioral finance.
HFTs
http://www.zerohedge.com/article/scientific-proof-high-frequency-trading-induces-adverse-changes-market-microstructure-and-dy
Obama Is Barely Treading Water
http://politics.usnews.com/opinion/mzuckerman/articles/2010/07/02/mort-zuckerman-obama-is-barely-treading-water.html