QE III: Okay maybe just a little scratch to get us over the hump…again.
U.S. ECONOMY: Down, but not out. Emphasis on “down”.
UNEMPLOYMENT: Not looking for some corner office c-suite position, “just talking about some shiftwork, a big ol’ pile of shiftwork, working 7-to-3, 3-to-11, 11-to-7…”
U.S. DEBT CEILING: Playing catch with a hand grenade. Not advisable. (Our Debt Ceiling Countdown Clock is still sticking!)
INVESTOR SENTIMENT: The patient isn’t dead yet, but we're getting a mighty irregular heartbeat.
HOUSING CRISIS: Seeming more and more like the cavemen had it right.
INFLATION: China and the EU are fighting it tooth and nail. And they're promptly losing their teeth and nails.
BOND VIGILANTES: “We’re baaaaack.” And spending a gloriously torrid summer in Europe.
OIL PRICES: The sub-$100/barrel price on WTI crude is possibly all that’s keeping the recession screamers from re-emerging en masse.
ARAB SPRING: The normally calm, cool and collected Jordan enters the fray.
LIBYA: Now up to 30-plus countries vs. Mo-Mo & Co., and still no end in sight.
JAPAN: Taking every positive they can get -- and winning the Women’s Soccer World Cup is worth a psychological boast if not an economic one.
CHINA: Doing their best to compete with the US in a who-can-lose-financial-credibility-faster tourney. I advise not sitting in the front row to watch this race.
EARNINGS SEASON: Not going to be terrible. Not going to be great. Going to be okay, like eating jello or listening to Josh Groban music.
SOVEREIGN DEBT: Daily threats of a downgrade of US Debt which has never happened in history. As my mother says, “Sometimes making history isn’t a good thing.”
COMMODITIES: “Rough rice” (aka regular old raw harvested rice) is spiking to 12-month highs. Not great, as 2 billion of us humans subsist on it.
POLICY MISTAKE: None last week. But not for lack of trying!
EUROPEAN CENTRAL BANK: It’s big decision time and it has been for a month. So maybe it's also get-a-new-calendar (and a watch) time as well.
GREECE: Some are suggesting that Greece sell off islands to pay off its debt. I myself have taken out a no-interest, 3-year exploding option ARM loan at 5% on Santorini.
SPAIN: Neatly passed the buck to Italy during a siesta.
ITALY: Now starring in the lead role of “Eurolanden Debtnicus Tragedia” Also see: Italian-Inspired Market Panic Pauses, Awaiting Thursday's Greece Summit
U.S. ECONOMY: Down, but not out. Emphasis on “down”.
UNEMPLOYMENT: Not looking for some corner office c-suite position, “just talking about some shiftwork, a big ol’ pile of shiftwork, working 7-to-3, 3-to-11, 11-to-7…”
U.S. DEBT CEILING: Playing catch with a hand grenade. Not advisable. (Our Debt Ceiling Countdown Clock is still sticking!)
INVESTOR SENTIMENT: The patient isn’t dead yet, but we're getting a mighty irregular heartbeat.
HOUSING CRISIS: Seeming more and more like the cavemen had it right.
INFLATION: China and the EU are fighting it tooth and nail. And they're promptly losing their teeth and nails.
BOND VIGILANTES: “We’re baaaaack.” And spending a gloriously torrid summer in Europe.
OIL PRICES: The sub-$100/barrel price on WTI crude is possibly all that’s keeping the recession screamers from re-emerging en masse.
ARAB SPRING: The normally calm, cool and collected Jordan enters the fray.
LIBYA: Now up to 30-plus countries vs. Mo-Mo & Co., and still no end in sight.
JAPAN: Taking every positive they can get -- and winning the Women’s Soccer World Cup is worth a psychological boast if not an economic one.
CHINA: Doing their best to compete with the US in a who-can-lose-financial-credibility-faster tourney. I advise not sitting in the front row to watch this race.
EARNINGS SEASON: Not going to be terrible. Not going to be great. Going to be okay, like eating jello or listening to Josh Groban music.
SOVEREIGN DEBT: Daily threats of a downgrade of US Debt which has never happened in history. As my mother says, “Sometimes making history isn’t a good thing.”
COMMODITIES: “Rough rice” (aka regular old raw harvested rice) is spiking to 12-month highs. Not great, as 2 billion of us humans subsist on it.
POLICY MISTAKE: None last week. But not for lack of trying!
EUROPEAN CENTRAL BANK: It’s big decision time and it has been for a month. So maybe it's also get-a-new-calendar (and a watch) time as well.
GREECE: Some are suggesting that Greece sell off islands to pay off its debt. I myself have taken out a no-interest, 3-year exploding option ARM loan at 5% on Santorini.
SPAIN: Neatly passed the buck to Italy during a siesta.
ITALY: Now starring in the lead role of “Eurolanden Debtnicus Tragedia” Also see: Italian-Inspired Market Panic Pauses, Awaiting Thursday's Greece Summit
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