by ZH
Fed “Expert Network” Macroeconomic Advisers, headed by the inimitable Larry Meyer, has decided to provide value to its client(s) and slash Q1 GDP from 4% to 2.3%. This means that Joe LaVorgna is furious coming up with scenarios that blame everything from snow to gamma rays to dog’s eating spreadsheets for why he is about to trim his permabullish outlook.
The NYT’s Leonhardt reports (this may [...]
by zh
Irish meltdown (FT)
China GDP ‘to slow this year’ – Decreased rate due to measures to curb inflation, think tank says (China Daily)
Warning From S&P on Munis (WSJ)
In Case of Tech Bubble, Do Not Break Glass (BusinessWeek)
Metals Traders Worth $3 Million at Wall Street Banks (Bloomberg) – guess where massive vol is going next
Inflation Fears Grow (WSJ)
Sarkozy: No Desire To Question Global Role Of US Dollar (Market News)
Special Report: Life [...]
by zh
The criminal and civil probes, which authorities say could eclipse the impact on the financial industry of any previous such investigation, are examining whether multiple insider-trading rings reaped illegal profits totaling tens of millions of dollars, the people say. Some charges could be brought before year-end, they say.” Good bye expert networks (and many, many hedge funds) – we hardly knew you.
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