Home > Daily Reading on the Financial Markets, Financial Ponzi, investing, Stock Market > Daily Reading on the Financial Markets: 12/11/11

Daily Reading on the Financial Markets: 12/11/11

At Seeking Alpha, James Kostohryz notes the near unamimous chorus of market technicians predicting a year-end run to the 1320-1340 level on the S&P.

Gregor Macdonald speculates that this European debacle may the “death knell” for Modern Economics – a field that continues confirming its own uselessness with each passing crisis.

Prostests continue sweeping the globe – from the Middle East, to Europe, to Occupy U.S. cities, to Moscow.

Right on cue, The Burning Platform spends a few hours with Neil Howe, author of the Fourth Turning, which suggest were are entering a generational era of crisis (started in 2007).

Remember 2008-2009 and the opportunity to let the TBTF’s Fail?  Well, they’re back and bigger than ever and financials are now a larger portion of GDP than ever before.

Barry Ritholtz estimates the total Fed bailout at $29T, asserting that “the financial sector remains dangerously under-capitalized and overleveraged.”

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