Hussman: US shares are 40% overvalued

John Hussman is out with another good piece this week in which he deconstructs all of the short-termism and technical analysis dominating the talk of market followers in the US. He opens saying: Perhaps the best way to begin this week's…

The Fractured Fed And Other Links

Topic of the Day: The Federal Reserve The Fed Is Fractured| Pragmatic Capitalism Paul Krugman - The Feckless Fed - NYTimes.com The Usual Fare US is not AAA in new Chinese-made ratings -- Shanghai Daily BBC News - Santander…

Links: 2010-07-11

Paul Volcker Pushes for Reform, and Regrets His Past Silence - NYTimes.com World Cup final: Wesley Sneijder set to win place in Holland hearts | Simon Kuper | Football | guardian.co.uk World Cup 2010: Holland's new football…

Roach: 40% chance of a double dip

Stephen Roach was the third interviewee in the Wall Street Journal's new video format "the Big Interview."  He sees a weak recovery and believes a double dip is more likely than the consensus. Roach also talks about the…

About Those Virgins

I don't buy the arguments David Galland gives about the shamans and the virgins when talking about financial reform. He says: dancing around open fires bedecked in certain animal skins or allowing shamans to sacrifice virgins were seen…

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