Daily Reading on the Financial Markets: 8/9/11
John Hussman notes that his data-points are now predicting another recession.
Charles Hugh Smith on the failure of Keynesian economic policy, from Of Two Minds.
Eric Parnell foresees another financial crisis fast coming upon us.
Michael Gayed, on Seeking Alpha, says bonds still have a lot of ground to make up relative to stocks.
There are still plenty of big name investors who this is a brilliant buying opportunity.
Those hoping for more Central Bank easing may need to pause, as China CPI came in hot.
The G-7 (and G-20) have vowed to take “all necessary measures” to uphold confidence. Good luck with that.