Now that Ben Bernanke continues to have a friend in the White House, all’s going to be well in the world- at least economically. At least, that’s the impression large segments of the media is promoting.
When any segment of the media and market participants are feeling so good about things that they appear [...]
The Germans, who along with the French took the lead last decade in violating the Maastricht Treaty’s limitations on fiscal deficits for eurozone member states, are uniting to reject pleas from advocates of loose monetary and fiscal policy in Europe (allegedly to “save” improvident debtor nations). In doing so, they are looking not to Keynes [...]
Today’s market action (Wednesday, 3/28) showed strong tech stocks up (AAPL, GOOG, IBM) while commodities were hit hard. The commodity fall has now almost become a clearly-failed rally for all the precious metals off of last fall’s base. I take this along with China’s stock markets’ 2-4% falls yesterday (now open about 1% down tonight [...]