They’re laying people off less fastly now. So awesome, you guys.
Michael Pento sees a Teepee-Shaped Recovery. That would be…not cute.
Welcome to the Three Ring Currency Circus: Central bankers as ringleader, metals and energy prices as the strong man, China as barely-tamed lion, Japanese stuffed in the clown car and the US taxpayer as the guy who cleans up after the elephants.
Hot Links for Morning Reading…
Here’s a pair of headlines that I thought were fantastic in a juxtapositional way: Goldman Faces PR Dilemna Over Huge Bonuses (CNBC) Debt, Unemployment Weigh on Recovery (WSJ) Both articles out on the same day. Today. Only in America. Cartoon Source: TIME
Cindy Perman of CNBC’s Pony Blog has a great post up today that asks what shape the economic recovery may take. The choices range from the typical U, V, and W-shaped recoveries to some more, umm, unconventional ideas, like the lighning bolt, bath tub, square root or my personal contribution to the piece, the fabled Mickey Mouse-shaped recovery….
Clearly, there are some areas of the economy that are showing signs of a recovery. What this may mean to stocks, bonds, real estate etc is not the subject of this post. Instead, let’s take a moment to ponder the new emerging headwind that could throw a serious monkey wrench in our recovery hopes for…