Source: NYT
10 Friday AM Reads
My morning reads: • The Fear Gauge Goes Quiet—Too Quiet (WSJ) see also Stocks Approach Multiyear Highs (WSJ) • Derivatives...
What’s The Holdup With QE3?
The Wall Street Journal – Ben Bernanke’s Waiting Game Despite all the hoopla in the market about QE3, which has run unabated pretty...
Where Are You in the Economic Strata?
Its a summer Friday, which means that not a lot is going on. Indulge me while I go off on a bit of a digression. Why? I have been...
Waiting for Spain
In continued anticipation of the Spanish government officially asking for EU/ECB help, the IBEX index is up for a 5th straight day to a 4...
Ghosts Haunting the Zombified US Housing Market
Welcome to Capital Account. New home construction in the US fell in July, according to Commerce Department Data, another reminder of...
Mrs Merkel’s supportive comments of Draghi/ECB are no new...
Chinese press reports suggest that the PBoC may cut rates ahead of further RRR cuts. The Chinese are getting like the EZ, too much talk...
Deluxe Apartments Way Up in The Sky
Developers around the country are betting big on skyscrapers, building residential buildings at record-breaking heights. Candace Jackson...
Cynicism is Intellectual Cowardice
Cynicism Is Not Smart, Sophisticated or Detached … It’s a Cop-Out… a Cop-Out to Rationalize Fear and Laziness Preface: Obviously,...