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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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Daily Archives: September 6, 2012
New ECB plan requires austerity conditions to receive funds
Arnab Das, managing director of market research and strategy at Roubini Global Economics, told CNBC, the ECB is changing its game a bit, this is different to collateralized lending, it is a new bigger version. Here is a direct link.
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Nonsense du jour: “unlimited bond buying”
Here’s an idea for everyone who is struggling with massive budget deficits, strangling debt and insolvency: solve your problems with a fresh phase of “unlimited” spending! This is precisely what the ECB (headed by ex-Goldman Sachs alumni) is recommending this … Continue reading