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Global stock markets shrugged off dire news on the US employment front, arguing that the gloomy data would hasten US lawmakers’ passage of a stimulus package. Read all about this and the implications for financial markets in my weekly “Words from the Wise” review. [...]
“Hopes are strong that a combination of timely fiscal stimulus and a fix for the financial system will end the US and global recession and promote recovery. Eventually, we think they will, but there are three major hurdles,” said guest contributor Richard Berner. This short post reports his views. [...]
This post is a guest contribution by Niels Jensen*, chief executive partner of London-based Absolute Return Partners. When the euro was introduced about ten years ago, the pessimists didn’t give it much chance of reaching its tenth anniversary. The euro, or so the argument went, was doomed from the outset because of [...] More on this topic (What's this?) Dollar Marches Higher (Contrarian Profits, 2/5/09) Dollar Slips (Contrarian Profits, 2/4/09) Latvia and the Euro (Wealth Daily, 3/2/09)
Equity investors who have followed the buy-and-hold strategy in the US market have lost big money over the last ten years in both nominal and real (after adjusting for inflation) terms. An investment of $10 000 in the S&P 500 made ten years ago would have been worth $7 843 at the [...] More on this topic (What's this?) ECRI's FIG Shows Inflation Pressure at Fresh 50-Year Low (Kirk's Market Thoughts, 2/6/09) Federal Reserve Chairman Bernanke Not Yet Worried About Inflation (Money Morning, 2/19/09) How to Avoid a Depression (Contrarian Profits, 2/6/09)
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“Stimulus” and “fixing the banks” are the key words dominating the latest batch of video clips. Although the mood is decidedly gloomy, if not outright doom, good viewing material was produced and some of the clips are shared in this post. [...] More on this topic (What's this?) Video-Rama: Stimulus ad nauseum (GreenLightAdvisor Views, 2/6/09) Roubini and Shiller on Bloomberg (The Mess That Greenspan Made, 1/29/09) New Home Sales Fall 48% (Wealth Daily, 2/27/09) | ||||||||||||||||||||||||||||||||||||||||||||||
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