October 20, 2008
Some data sure to win you bar bets in this chart of first-half 2008 housing price declines. Who, for example, would have guessed that the U.S. was mid-pack, with Canada, among others seeing larger annualized tumbles in 2008? IMAGE REMOVED...
Markets pounded higher today as investors declared the credit crisis over, and as bears decided more or less en masse this was a buyable low, whether tradable or longer-term. They have proved themselves right, as there is no arguing with...
Now and then I like to post an update on the mad post-bailout machinations in currency markets, so here is a quick look. It is still a tale of pain against the U.S. dollar for everything but the Japanese yen,...
This is my favorite email bounce-back of the day. It came from a well-known U.S. economist: Due to the national economic crisis, neither my assistant nor I can respond to all the inquiries I receive. We will do our best...
Let's count some market bears recently turned bullish. Granted, not all the bears are of the perma- variant, and their bullishness is considerably more nuanced than the fevered pom-pom shaking you hear from the perma-bull side. Nevertheless, here are a...
I deduct 1 from my score for GMO's Jeremy Grantham new Q3 column for gratuitously mixed metaphors in its title -- "Reaping the Whirlwind" -- but it is still typically incisive and thought-provoking, so let's give it at an 7.5/10...
