Daily Reading on the Financial Markets: 3/13/12
Sober Look points out that, while “employment” numbers continue to bolster confidence in the fickle market, the participation rate continues to plummet – meaning the number of actually employed is not-so-good.
Zero Hedge (research by Bridgewater) compares our modern monetary ponzi to that of the Weimer Republic, and finds that our global debt-to-GDP dwarfs theirs.
At Seeking Alpha, Wade Slome congratulates the market on a Happy 3rd Birthday since the epic 2009 bottom. He believes that there is more goodness to come for the long term investor, noting Fed policy of low interest rates and excess liquidity continue to push investors towards equities.