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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 5, 2012
Customers drive the economy
“The Tax Policy Center took a close look at Republican nominee Mitt Romney’s proposed tax and economic plan and concluded that it would cut taxes for the richest Americans and actually raise them on the poor. Romney has proposed cutting … Continue reading
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Barofsky: Americans “should be enraged by the broken promises to Main Street and the unending protection of Wall Street.”
“By any objective standards, the Trouble Asset Relief Program [TARP] has worked,” the Treasury Department wrote in a July progress report (PDF) on the $700 billion program that Congress authorized in 2008. “It helped stop widespread financial panic, it helped … Continue reading
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