Daily Archives: October 9, 2012

This is an encouraging trend. Greece on Monday became the seventh European Union country to formally back the imposition of a tax on financial transactions. See: Greece Backs Financial-Transaction Tax “The controversial tax, known as FTT, needs the backing of … Continue reading →

The world economy will grow 3.3 percent this year, the slowest since the 2009 recession, and 3.6 percent next year, the IMF said today, compared with July predictions of 3.5 percent in 2012 and 3.9 percent in 2013. The Washington-based … Continue reading →

This week’s letter from John Hussman is worth a read. See Number Five. “Examine the points in history that the Shiller P/E has been above 18, the S&P 500 has been within 2% of a 4-year high, 60% above a … Continue reading →