Daily Reading on the Financial Markets: 1/4/12
At Zero Hedge, Peter Tchir notes that Italian Bonds and the Italian Banking system have become a mutually assured Ponzi.
Chris Kimble notes that while the S&P is attempting to break out, Treasuries (TLT) is facing resistance in a bearish patten.
Matias Vernengo at TripleCrisis believes the Chinese economy will avert crisis thanks to increasing domestic demand that isn’t debt-driven.
Cullen Roche at PragCap cites Markit as suggesting that the BRIC falling PMI readings appear to have stabilized.
At Seeking Alpha, Bill Maurer warns that we could be coming up on “Warnings Season” as warnings about potential earnings and revenue misses emerge.
The Reformed Broker, Josh Brown asserts that the Fed’s new policy of declaring individual policy prescriptions will increase confusion, not clarity.