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Cory’s Chart Corner
Load MoreMany 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.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
Daily Archives: August 2, 2012
Hoenig: “No more welfare for banks”
Thomas Hoenig, FDIC director and former Federal Reserve Bank of Kansas president, explains why he supports a plan to break up the big banks. Here is a direct link.
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Empty jaw boning from the ECB disappoints those who had believed in fairies
ECB’s Mario Draghi disappointed risk addicts this morning with more strong promises about the Euro being “irreversible” but no concrete acts. Rates are already at the zero bound. Central Banks of the world have already gutted strength in their balance … Continue reading
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