Daily Reading on the Financial Markets: 8/30/11
As an East-coaster, I spent all night Saturday shoveling water outside my house to mitigate flooding risk,which never came. Like my own experience, up and down the coast, Hurricane Irene was less costly than feared.
Market technician Chris Kimble makes the case for a rally in U.S. equities, at least short term.
I love what Iceland did a few years back – default: let bond-holders eat losses and spare the taxpayers. So it warms my heart to see Iceland thrive.
Despite a rally based on headline consumer spending in July, Darryl Montgomery says the numbers behind the headlines aren’t so pretty.
Stephen Roach’s thoughts on debt forgiveness as a possible solution to the private sector’s ongoing balance sheet recession.
The Oxen Group, on Seeking Alpha, says the market is due for an up September after four straight down months.