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Cory’s Chart Corner
Many will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
The Kobeissi Letter @KobeissiLetterBREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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Monthly Archives: June 2011
Kansas City Fed Hoening: “too big to fail banks are destroying capitalism”
Kansas City Fed President Thomas Hoening’s speech yesterday is one of the most encouraging things I had heard from a central banker in a couple of decades: “…I suggest that the problem with SIFIs is they are fundamentally inconsistent with … Continue reading
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Why France’s ‘Brady’ Rescue for Greece won’t work either
It’s important to keep a sober assessment of the latest hopes for Greece miracles: “France’s new plan to rescue Greece and forestall the looming global financial crisis has one important thing in common with all the previous efforts: It won’t … Continue reading
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