Quarterly earnings: Not that great, about to get worse
Bernanke to aid recovery with gradual boost in dosage
Global stock markets are under pressure overnight which is leading to expectations for a lower opening in the U.S. this morning. Traders are also expected to react to this morning’s durable goods and Weekly Initial Claims data. Flight to safety buying is helping to underpin the Treasuries. The Dollar is posting gains against the Euro and Dollar-linked currencies.
Low Interest Rates; Global Recovery Fears Driving T-Bonds Higher
Flight-to-safety buying is driving June Treasury Bonds sharply higher. Thursday trading action took out the recent high at 124’16. Upside momentum seemed to be indicating that another surge was likely. The move in the T-Bonds looks more reactionary than speculative with investors taking their cues from the falling equity markets.
It’s impossible to have a W shaped recovery without first having a V shaped recovery
I guess even if you were proven correct about your concerns over the problems with the housing market and then vindicated about your concerns over the credit boom you can still not be accorded any respect from the mainstream media. Yesterday, I was vilified for not getting my mind right in believing the economic recovery has arrived
The U.S. Dollar fell sharply on Monday as bullish traders pared positions on the thought that the U.S. economy will not be able to keep pace with the global recovery. Before the Forex markets opened, China solidified itself as the driving force behind the global economic recovery when it reported more upbeat export news.
Recovery(less) Economy: The Taxpayer Should Have Been Time Magazine’s Person of the Year for 2009
Who saved the economy? Ben Bernanke or the taxpayer? More importantly, was the economy saved?
A few days ago Time Magazine put Bernanke on its cover and announced that he was the person of the year for 2009. But what about the taxpayer? Should not the taxpayer be the person of the year? Because, after all, it is the taxpayer who will pay for Bernanke's trillion 'bailout' dollars.