Lind Plus Senior Market Strategist Jeff Friedman dubbed the theme for this week as thin, but volatile heading into the Labor Day holiday. Friday, August 22, was a low-volume session for stock indexes as the final dog days of summer set in.
The equity markets pulled out a positive finish Friday, with September S&P futures closing [...]
Bernanke Says Inflation Should Slow into 2009 - Bloomberg
Freddie, Fannie Failure Could be World Catastrophe, Yu Says - Bloomberg
Oil Prices Fall Over $6 on Stronger Dollar - AP/Yahoo Finance
Buffet Sees Economy Weak Until 2009 - Reuters
Americans Skip Labor Day Trips as Costs Rise - Reuters
The Long and Winding Recession - CNNMoney.com
Natural Gas is Feeling Cheap [...]
More Road Kill on the Credit Crunch Highway - Bloomberg
Wireless Technology Spurs Economic Growth - Project Syndicate
No More Need for Frannie & Freddie - Financial Times
This Year, August is Anything but Quiet - The Economist
Why Corporate Tax is the Worst Tax - Washington Times
CRB Commodities Index Heads for Biggest Weakly Jump in 33 Years - [...]
Commodities are staging a sharp rebound this morning, while the stock market slips back. Traders finally seem to be taking notice of geopolitical issues, as tension mounts between Russia and the U.S., sending crude oil back up above $118 a barrel. Also adding to a bullish tone in energy, the Energy Department reported Wednesday that [...]
The Greenback and Commodity Prices (PDF) - Globe Asia
The Real China Test - Newsweek
The Idiocy of Energy Independence - RealClearPolitics
Behind the Housing Gloom An Improving Backdrop - The Economist
Reliving the Savings & Loan Meltdown - Wall Street Journal
No End in Sight to the Economic Crisis - New York Times
Did the Stimulus Package Actually Stimulate? - [...]
By Jim Barrett
The July 4 holiday weekend has proven to be a turning point for just about all commodity futures this year. Daily charts in corn, coffee, cocoa, sugar, and natural gas all show important multi-year peaks – and I mean peaks. Obviously, the second half of 2008 is unfolding in a dramatically different environment [...]
So Why Is the Price of Lobster Falling? - Slate
Global Recession & Falling Energy Prices - Project Syndicate
The Key to Our Wild Market: Asia - MSN Money
Inflation is a Clear and Present Danger - Wall Street Journal
To Drill or Not To Drill - Los Angeles Times
The World Economy: A Problem Shared - The Economist
Wall Street, [...]
Gold futures are seeing renewed weakness after Monday’s rally, which saw December NYMEX futures rise $13.60 to close at $805.70 an ounce. Last week, the yellow metal dropped more than 8 percent as the U.S. dollar gained ground and Goldman Sachs lowered its three-month forecast for gold to $745 from its prior forecast of $890.
Lind [...]
We All Pay for Fed’s Loose Money Follies - Wall Street Journal
The Fed Can Learn from History’s Blunders - Financial Times
Export Boom Helps Farms, Not U.S. Factories - New York Times
Five Ways to Wreck a Recovery - Washington Post
How Low Rates Contributed to the Credit Crisis - Wall Street Journal
The Global Credit Crisis Isn’t Over [...]
Financial Market Weekly Recap and Outlook
By Jeff Friedman
Last week volatility was the name of the game as we saw commodities back down, while the stock market and U.S. dollar gained ground. While there is considerable uncertainty about whether underlying economic fundamentals can support continued stock market gains later this year, traders currently are focusing on [...]
