Daily Reading on the Financial Markets: 7/23/12
John Hussman hasn’t wavered from his bearish view this year, and sees extraordinary strains in the global economy at the moment.
For all the talk of imminent hyper-inflation, Charles Hugh Smith believes the US Dollar in the midst of a rally that is nowhere near exhaustion.
From Zero Hedge, Spanish and Italian officials are looking a(nother – remember how successful it was in other markets in 2008?) short-selling ban.
John Aziz weighs in with his thoughts on the eminent-domain mortgage “rescue” plan being considered in some locales.
With the latest round of bad news from Italy and Spain, James Kostohryz at Seeking Alpha makes a case that U.S. equity market will finally fall in-line with the rest of the world.