We’ve been writing about Europe dragging down the U.S. stock market for more than a year now. We, of course, take no satisfaction in it, but it’s kind of a…
Bad News Boosts the Market
In the strange world of investment management, bad news is often good news. That was the case last week, as the S&P 500 gained a hefty 3.7%, more than reversing…
Compared To What?
The U.S. dollar is the strongest it’s been in a year-and-a-half. Is this renewed strength a sign of American economic strength? In a way – but it’s all relative. The…
Is America Going Greek?
The federal deficit of $1.327 trillion for 2012 marks the fourth straight year in which the deficit has exceeded $1.29 trillion. The U.S. Debt Clock is now above $15.3 trillion,…
Beyond Sovereign Debt
Put together a union of strong countries like Germany and weak countries like Greece and what will happen? Will the weak countries learn from the strong ones and become fiscally…
Europanic Spreading
Stocks surged recently when a new plan for dealing with Europe’s sovereign debt was announced. Then they came crashing back down when it became clear that the plan was more…