Month: July 2009

  • Market Weather

    As we enter the last week in July, stock indexes continue the climb at a pace where Bears are finding great discomfort. The half way back retracement to 10,000 DJIA could come a bit faster than many had thought, but of coarse timing is everything. Pricing of stocks from outside the US has been a…

  • China Schmina

    A story about China but an example of a bad habit of continuing to rely on or even believe the strength of China stories. China is on a slippery slope, dancing on top of a rolling ball, injecting funds to pump an economy in order to keep the masses from turning ugly. Another prop job.

  • The Goldman Test

    The Obama administration’s economic intervention efforts unfortunately have a litmus test for gauging whether or not the world economic order is stabilising, Goldman needs to be able to continue making huge amounts of money using the old models. The Goldman test is of course Geithner’s plan for using public subsidisation of trading capital for Goldman…

  • Economic Recovery Map

    The economic recovery map pushed by most forecasters is probably a bit rosier than it should be but certainly a more realistic view than those who point to the inevitable path to economic destruction. The most bearish have impressive examples of ailings; real estate losses of five to seven trillion dollars, retirement and savings losses…