Daily Reading on the Financial Markets: 4/19/12
Mark McHugh and Elmo try to explain the ballooning U.S. national debt (attn: Treasury, Congress, and Fed?).
As a fan of bartering, it’s nice to see that a Greek town has pushed the Euro aside to make local trade more practical – and literal.
EconMatters notes that despite equity prices that have pushed higher through the spring, net institutional buying has been steadily declining since late last October, creating a significant negative divergence.
At Humble Student of the Markets, Cam Hui continues to lean bullish, suggesting it might be a good time to buy trampled European equities as they dance around their 2008 and 2011 lows.