recovery

(H/T Prieur du Plessis)

This photo from Yves Smith’s antidote du jour was too good to pass up. You can think of the cat as the recovery stalking its prey and the bear as, well, a bear. The cat looks pretty tame though. Let’s hope this bear doesn’t come right back…

There is an enormous dichotomy in foreign exchange markets that has wide-ranging implications for the global economy.  In Europe, most currencies float freely against the U.S. dollar. In Asia and the Mideast, most do not. What this…

Last year at this time I posted “The Economy’s Four Horsemen,” which described macro cause and effect leading into and out of recessions.  When looking at income, spending, output and employment, it is income which is the steer…

The Reserve Bank of Australia unexpectedly raised rates by 25 basis points to cool down its economy. It will “gradually reduce stimulus” in anticipation of sustained recovery. Australia has probably been the major economy least affected by…

As a follow-up to my post on debt and it’s exclusion as a subject of merit amongst several schools of economic thought, I wanted to bring a New York Times article from 1988 to your attention. This article by Peter Kilborn, a Washington,…

Today, Moody’s warned that Iceland, Latvia and Hungary were stabilizing but that their economies remained fragile. The problem is high debt levels, which is restraining consumer spending. Recovery in the Eurozone has been the main aid to…

Back in April I told you I anticipated an uptick in GDP in part because of changes in inventories - massive change in the inventories. At the time, I thought I was going out on a limb by suggesting we could see positive GDP numbers in Q3…

via the Hartford Courant (Hat tip Scott).

This comes via TheStreet.com and Doug Kass, a noted market strategist: Many strategists (both bullish and bearish) assume that a fair value P/E multiple -- based on interest rates and inflation -- rests at about 15.5 times. Averaging…