Feb 20, 2010

Daily Markets - Financial News And Opinions

Daily Markets - Financial News And Opinions

The New Reality Does Not Include A Doomsday Collapse Of Anything

Posted: 20 Feb 2010 01:01 AM PST

Let’s start with a core economic premise and build a scenario of supporting premises as we ponder the new reality of our global economic future without rhetorical, crash and doomsday scenarios which almost never play out.

Here is the premise:

Nothing will crash or collapse.  Not the Euro, not the USD, not the stock market of this or that country. Not anybody’s entire financial system. Assets will swing wildly up and down, systems will change, sometimes dramatically but doomsday collapse … [visit site to read more]

The US Jobless Recovery Still Endures

Posted: 19 Feb 2010 09:01 PM PST

Stocks have staged surprise rebounds after seemingly poor payroll reports half a dozen times in the past year. But the one time that there was better-than-expected job news, on Dec. 5, the market tanked. Go figure - it’s a great example of how upside down the logic is on Wall Street.

To help us interpret the jobs report of last week, I turned to my favorite independent labor analysts, Philippa Dunne and Doug Henwood. Here’s their view of the latest numbers, which they considered the most … [visit site to read more]

Bad In The Broadest Sense

Posted: 19 Feb 2010 07:40 PM PST

It’s true, as Barry Ritholtz notes in “Deficit Hawks Want New (or Double Dip) Recession,” that the world is suddenly rife with warnings about fiscal irresponsibility from people who didn’t have a lot to say on the topic before the financial crisis erupted.
That said, those of us who were warning about financial Armageddon when others in Washington and elsewhere were oblivious made it clear that the real concern was the huge gap between the retirement-related promises Washington had … [visit site to read more]
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