Markets
High Hopes for QE3
I’m a little surprised by how high QE3 expectations have risen. Given how much flack the Fed took for QE2, and the commodity … Read more
Wanted: Better Data, Not QE3
Stocks are up today, so far. Speculation that the Fed will not be able to
resist more quantitative easing is… Read more
Europe, Earnings and the Odds of a Recession
Growth forecasts for the U.S. are being drastically cut after yesterday’s
disastrous Philadelphia Fed manufacturing survey. Economists predicted
… Read more
Tech Stock Earnings Indicate Stable Consumer Spending
For the first time in over two weeks, the U.S. economy is back in focus. First we got 2Q earnings reports from … Read more
Germany’s Weak GDP Adds to Global Uncertainty
Bad news from Germany this morning. Europe’s one
economic bright spot reported lower than expected GDP growth for the second
quarter.
… Read more
Europe’s Bogey-Man
Investors have been acting as if there is a financial bogey-man lurking out there, ready to confirm the sum of all our financial fears…. Read more
Is There a Bogey-Man Out There?
In 2008, we knew that the mortgage-backed securities depleted the cash reserves at banks to the point that they were insolvent. In… Read more
Why Companies Aren’t Hiring
China’s got a heck of a nerve. Yesterday, CNN reported that the Chinese government’s State Administration of Foreign Exchange published the following… Read more