Friday, July 27, 2012

Stocks, Reality Disconnect

What doesn't match in these headlines? Both were on the website of the WSJ on the same day. Something is truly broken when Wall St is so disconnected from reality that constant central bank interventions become a necessity, and they still don't bring prosperity!

Tuesday, July 24, 2012

Stocks Collapse As Economy Degrades

Dow was down as much as 200 points.

Richmond Fed Disappoints

And another epic miss in the slow motion trainwreck that is the US plowhorse economy now to its neck in quicksand. The latest B-grade economic indicator: the Richmond Fed, which was expected to rise modestly from -3 to -1. Instead it faceplanted to -17, the biggest miss since August 2010 and the lowest print since Apirl 2009

Monday, July 23, 2012