It is amazing how a crisis of this magnitude the "Big Kahuna" as Alf Field calls it, can be easily called as over just because of some "glimmer" of hope based on what I perceive to be an co-ordinated and orchestrated moves by the powers that be in restoring "confidence" to the system. Stocks are rallying worldwide driven by the enormous hope from economic data that has outpaced depressed expectations – generally only slightly, but uniformly enough to encourage investors that the “green shoots” of recovery are in place. The level of complacency is just unbelievable, even after all the destruction we've seen.
Is a V shaped recovery in the offing?
Paul Krugman, Nobel Laurette doesn't think so.
Richard Russel of the famed Dow Theory Letters doesn't think so.
This matter is far from resolved. More here.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment