Daily Reading on the Financial Markets: 7/11/12
With the S&P having pulled back to trendline support around 1330, let’s see if the Bulls can mount a rally – or if deteriorating fundamentals finally push the market lower.
From Zero Hedge, ECRI’s Lakshman Acuthan sticks with his call, saying the US is already in recession.
At The Big Picture, Barry Ritholtz notes the warning signs of a decelerating global economy.
Jesse’s Cafe Americain on the morally hazardous environment that TBTF banks continue to thrive on.
From Zero Hedge, California’s disturbing new eminent domain proposal.