Daily Reading on the Financial Markets: 2/1/12
With a “Golden Cross” imminent, Tony Pallotta at Macrostory notes that the indicator is 2 for 2 since 2009, with the benefit of overt QE in both instances. Are we due for a repeat?
Chris Kimble notes that a “Golden Cross” is close to occurring in the high yield bond sector as well.
At PragCap, Cullen Roche notes that the CBO is projecting a significant decline in the government deficit in coming years… and why, according to MMT, that may be a very bad thing.
From Zero Hedge, Bill Gross suggests “the death of abundance” is fast approaching.
With Facebook’s IPO imminent, Barry Ritholtz provides a list of questions investors should be asking.