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Remember the dance called the Twist? Basically the twist is done swiveling around one’s hips, with feet pointing one way and shoulders the other. Watching the Euro zone action has been like watching a twist competition. One part of the … Continue reading
For several years leading up to 2011, investors were assuming that inflation would carry interest rates in the US sky high as our government dealt with the credit crisis. The Fed’s “open spigot” strategy, keeping the money taps flowing, and … Continue reading
This October, despite a nasty end to trading on the 31st, was one of the best months on record for the stock market since 1926. The Dow was up 9.5%, its strongest showing since October 2002. The Standard & Poor’s … Continue reading
The latest news from the Euro zone shows some slow progress towards the most critical aspect of the whole Greek tragedy: stemming contagion from big write offs at Euro banks. As the Euro zone accepts that Greece must default in … Continue reading