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If you want to know what market momentum is all about, here you have it. Get in now to profit.
Sources
Bill Gross Calls High-Yield Corporate Debt `Overvalued’: Video (video here) – Bloomberg
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In the wake of a few significant elections in the American states of New York, New Jersey and Virginia, a lot of pundits are putting their spin on what these elections mean for Barack Obama and his political agenda. On the whole, I find most of the conclusions partisan leaps of faith.
So, I wanted [...]

If you have been wondering whether a statistical recovery is at hand, today’s ISM manufacturing report should be the clincher.  The report was definitely bullish with the ISM index rising to 55.7 and sub-components supporting the understanding that the manufacturing sector is expanding. This is quite a contrast to last month’s weak data and demonstrates [...]

This is a guest post from our newest contributor, Charles D. Bull.
Greetings Writedowners,
Ed has gone to bed already. This is Charles D. Bull speaking.
You know, my wife told me yesterday that the local shopping area already has the Christmas tree up and is all geared up to drum up holiday season sales.  Shoppers were [...]

Every time I hear the word ‘bureaucrat’ used to make a point for or against government’s role in the economy, I cringe. I see this label as unfair and dehumanizing.
I grew up in Washington , D.C. where my parents and their friends rose through the ranks of government, often to the very managerial positions which [...]

This contribution from Daniel Berger is a letter to Michael Smerconish in response to a commentary Smerconish wrote on 10 May 2009 in the Philadelphia Inquirer “Head Strong: Did Hollywood inspire the meltdown men?” A shorter version of Berger’s piece appeared at New Deal 2.0 in July.
Given my recent two posts on greed (“More on [...]

That was the title of an e-mail I received from my bank today. Here is what the e-mail looked like:

Back in February, I asked you if we were experiencing a recession or depression.  A plurality said it was a depression with a small ’d.’ I agreed and went on to explain why. Since then, things have changed and we seem to be on the verge of what I call a technical recovery (or a [...]

In a BBC Two interview, former Fed chief Alan Greenspan waxed fatalistic, saying that another financial crisis is inevitable due to animal spirits.  In his view, booms and busts are endogenous to the capitalist system, crises being the outcome of long periods of prosperity. I agree with this assessment. But, it is surprising to hear [...]

You have heard me use the phrase “liquidity is seeking return” to describe the increase in the price of riskier assets due to monetary stimulus. The Bloomberg News video clip below points to an increase in lending for buyers of riskier loans like high yield and mortgage bonds.

The blurb below from the associated article at [...]