Daily Reading on the Financial Markets: 5/1/12
From PragCap, unemployment in Spain now tops that of the U.S… during the Great Depression.
From Marketwatch, Chicago PMI registered its lowest reading since September of 2009.
I don’t buy it, but at Daily Beast Daniel Gross makes the case that the U.S. is in better shape than anywhere in the world.
In John Hussman’s latest, he notes that his 10 year projection for equity return ranks in the bottom 1% of the last century. I think he disagrees with Daniel Gross.
From TED, Michael Norton suggests money CAN buy happiness. So long as you give it away: